SOLVING EFESO INTL ABU DHABI, ATLANTA, BARCELONA, BERLIN, BRUSSELS, BUDAPEST, BUENOS AIRES, CAIRO GOTHENBURG, 'S-HERTOGENBOSCH, ISTANBUL, LISBON, MANCHESTER, MEXICO CITY, MILAN, NEW DELHI, NEW YORK, PARIS, RIYADH, SAÕ PAULO, SEOUL, SHANGHAI, SINGAPORE SAINT PETERSBURG, STOCKHOLM, TOKYO
Financial Information I Paris, 21 December 2015
Partners in Action, a holding structure owned by the Argos Soditic funds and Efeso Consulting managers, and controlling shareholder with approximately 77% of the share capital and 85% of the voting rights in Efeso Consulting, has today announced its intention to file a simplified tender offer (the "Offer") for 100% of the share capital of Efeso Consulting at €3.30 per share, representing a 16.6% premium on the closing price at 16 December 2015 and a 19.6% premium on the volume-weighted average of the Efeso Consulting share price over the last six months1, subject to the findings of the independent expert, BM&A Advisory & Support, appointed on 25 November 2015 by the Efeso Consulting Management Board and Supervisory Board in accordance with applicable regulations.
The role of the independent expert is in particular to assess the financial terms and conditions of the Offer and to issue a fairness opinion.
Should the 95% share capital and voting rights threshold be met upon completion of the Offer, Partners in Action intends to apply to the Autorités des Marchés Financiers ("AMF") for a mandatory squeeze-out to be implemented at the same price.
This Offer will provide minority Efeso Consulting shareholders with a premium on the share price as well as immediate and full liquidity for their shares against a background of a low free float turnover.
In January 2016, Partners in Action will file the Offer with the AMF for the Efeso Consulting shares, once the independent expert's findings and the Efeso Consulting Supervisory Board's opinion are published.
1 Volume-weighted average calculated over the 6 months prior to 17 December 2015
www.efeso.com
Efeso Consulting
Efeso Consulting is a global leader in corporate strategy and operational performance improvement consulting. The Group is positioned as a niche operator in rapidly growing markets, capable of providing unique long-term support. Created in 2007 as a result of the merger of two leading niche corporate consultancy firms, Efeso Consulting Group employs more than 450 consultants and is established in 26 countries (Europe, Middle East, Asia and the Americas).
Emmanuel FRIONNET, Chief Financial Officer
Tel: (+33-1) 53 53 57 00 - info.investor-relations@efeso.com Antoinette DARPY, Press
Tel: (+33-6) 72 95 07 92 - adarpy@tobnext.com
EFESO Consulting shares trade on Alternext Paris.
Free float: 18%
Number of outstanding shares: 24,300,428 ISIN FR0004500106
Ticker: ALEFE
Date of IPO: 02/07/1998
Code 6467 Bloomberg: ALEFE:FP Reuters: ALEFE.PA
This document may contain forward-looking financial information (particularly with regard to targets and trends) and forward-looking statements concerning Efeso Consulting's financial position and performance, its operations and its strategy.
Such forward-looking disclosures and statements are based on data or assumptions that could ultimately prove inaccurate and are subject to a number of risk factors, and in particular currency fluctuations and general economic and financial conditions. EFESO Consulting SA does not assume any duty or responsibility towards investors or towards any other party to update or revise, whether as a result of new information, future events or otherwise, all or part of the statements, forward-looking information, trends or targets provided in this document.
www.efeso.com 2
Solving Efeso International SA issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-22 15:49:29 UTC
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