Prodware: Public Withdrawal Offer and Mandatory Withdrawal

Phast Invest has filed a proposed public buyout offer followed by a mandatory squeeze-out for Prodware shares. This offer proposes to acquire the shares not held by the group at a price of €28 per share. Phast Invest, which already holds nearly 94% of the capital, is initiating this procedure in accordance with the AMF's general regulations. This proposal, supported by Degroof Petercam, concerns a maximum of 598,584 shares, representing the shares not held by the offeror.

Prodware, a European player in digital transformation, is undergoing this transaction after an initial public offering at €8.80 per share in 2021. Headquartered in Paris and present in 14 countries, Prodware generated €668.7 million in revenue last year. The completion of the offer is subject to approval by the AMF (French Financial Markets Authority), subject to applicable regulations.