Following today’s notice published by the Autorité des marchés financiers (AMF) on the results of the buy-out offer for Gfi Informatique’s shares which was opened between 29 November 2018 and 12 December 2018 included, Mannai Corporation announces that it acquired through the buy-out offer 604,539 shares at a price of EUR 10.50 per share.
The squeeze-out of the remaining Gfi Informatique shares not held by Mannai Corporation was implemented today and the shares were transferred to Mannai Corporation for the same consideration as the consideration of the buy-out offer, i.e., EUR 10.50 per share (net of all costs), it being specified that the 70,030 treasury shares and the 272,244 free shares which are subject to liquidity agreements between Mannai Corporation and their beneficiaries were excluded from the squeeze-out.
As a result of the squeeze-out, Gfi Informatique’s shares are no longer listed on the regulated market of Euronext Paris.
In accordance with the AMF’s general regulation, CACEIS Corporate Trust is in charge of the centralization of the squeezeout. The funds relating to the compensation of the Gfi Informatique shareholders which would not have been paid following the squeeze-out will be kept by CACEIS Corporate Trust for a ten-year period following the implementation date of the squeeze-out. After this period, the funds not delivered will be transferred to the Caisse des Dépôts et Consignations. These funds may be claimed by beneficiaries subject to the thirty-year period after which they will benefit to the French State.
Mannai Corporation’s and Gfi Informatique’s joint information note (note d’information conjointe) which received the AMF visa n° 18-537 on 27 November 2018 is available on the websites of the AMF (www.amf-france.org), Mannai Corporation (www.mannai.com) and Gfi Informatique (www.gfi.world). Mannai Corporation’s and Gfi Informatique’s respective “other information” documents are available on the AMF website (www.amf-france.org) as well as respectively on the websites of Mannai Corporation (www.mannai.com) and Gfi Informatique (www.gfi.world).
About GFI Informatique
Gfi Informatique is a major player in value-added IT services and software in Europe, and occupies a strategic position in its differentiated approach to global firms and niche entities. With its multi-specialist profile, the Group serves its customers with a unique combination of proximity, sector organisation and industrial-quality solutions. The Group has around 15,000 employees and generated revenue of €1.132 million in 2017.
About Mannai Corporation
Mannai Corporation is a diversified publicly listed conglomerate spanning the key industry and services sectors. Created over 60 years ago and headquartered in Doha, Qatar, the group has grown over the years through a business portfolio and geographical diversification strategy. Today, the core activities of the group include information and communication technology, automotive distribution, jewellery retailing, heavy equipment distribution and services and engineering services to the oil and gas sector.
Mannai Corporation employs over 21,000 employees within its group of companies. As of December 31st 2017, Mannai Corporation recorded 1.62 billion euros in revenue and a 122 million euros net profit. Mannai Corporation is listed on the Qatar Exchange since 2007 (QE: MCCS).
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This press release is for information purposes only and does not constitute and cannot be construed as an offer or invitation to purchase or sell any securities of Gfi Informatique by Mannai Corporation in any jurisdiction, including in France. The dissemination, publication or distribution of this press release is prohibited in any country where such dissemination, publication or distribution would constitute a violation of applicable law or regulation or would subject Mannai Corporation to any legal requirements. These statements do not represent investment advice neither a solicitation for the purchase or sale of financial instruments as contemplated by the laws in any country or state.
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Granite – Press Release – December 2018