Major acquisition of MADE by NOVARC

On September 25, 2025, a definitive agreement was signed for NOVARC to acquire the majority stake in MADE. This agreement concerns 70.23% of the capital of MADE, whose shares are listed on Euronext Access Paris. The agreement provides for a voluntary repurchase offer of the remaining shares, i.e. 29.77%, by NOVARC at a unit price of €12.00 per share, offering a premium of 8.42% over the VWAP of €10.99.

Arthaud & Associés has been appointed as an independent expert to validate the offer. If NOVARC reaches 90% of the post-purchase capital, a delisting of MADE shares is envisaged, in accordance with market rules. MADE will shortly publish details of the transaction and its disclosure documents.