Afone Participations provides fixed-line and mobile telecommunications services, as well as Fintech services. Its mobile telephony business consists mainly of a consumer offering marketed under the brand name ‘Réglo Mobile ’ (in partnership with the E. Leclerc group) and an ‘Afone Mobile’ machine-to-machine service aimed at business customers, marketed directly by Afone Participations. The Fintech business is divided between the Electronic Payments business, which involves the leasing of electronic payment terminals, and the Payments business.
FL Finance and Awys, acting in concert with Mr Eric Durant-Gasselin, had undertaken to offer the company’s shareholders the opportunity to sell, as part of a public buy-out offer followed by a compulsory buy-out procedure, all their shares at a price of €13.00 per share.
The AMF published a notice on the outcome of the Offer dated 10 January 2020 and on the implementation of the compulsory delisting (Notice No. 220C0129). In accordance with the provisions of Articles 237-1 et seq. of the AMF’s General Regulations, shares not tendered to the Offer by minority shareholders, excluding treasury shares, are transferred to the Offer Initiators.
The compulsory buy-out was carried out on 13 January 2020 by the Offerors, at the same price as that of the Offer, namely in return for compensation, payable in cash, of 13 euros for each Afone Participations share (net of all costs) and covered, excluding treasury shares, a maximum of 202,557 shares representing 5.2 per cent of the share capital and 2.9 per cent of the voting rights of Afone Participations.
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