The proposed takeover bid (OPA) aims to strengthen the founders’ stake in the company’s share capital, whilst welcoming a new long-term shareholder, Lawrence Rosen LLC, which has extensive expertise in the market in which the company operates.
This new major shareholder will be well placed to support the company’s long-term ambitions in a highly competitive and pressured sector.
The price offered under the proposed takeover bid will be €4 per share. The takeover bid will therefore offer shareholders who so wish – subject to the expiry threshold being exceeded – an opportunity to realise their investment at a premium to the share price over recent months.
The offeror does not intend to request the implementation of a compulsory withdrawal procedure in respect of the company’s shares.
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