Bulgarian Stock Exchange : Insider information (0SP)

Company: Speedy AD-Sofia (0SP)
Geopost SA, France (Geopost) has decided to exercise its contractual rights and to require Speedy Group AD (Speedy Group) to sell or to secure to Geopost an option to acquire 45% of the issued and registered shares of Speedy AD (the company). The sale by Speedy Group and the purchase by Geopost of the shares subject to the acquisition option will be made through a voluntary tender under Art. 149b (1) and other applicable provisions of the POSA, the project for which will be submitted by Geopost to the Financial Supervision Commission of Bulgaria, at a bid price per share of BGN 58.67.
In connection with the above, Geopost and Speedy Group have entered into an option agreement for sale and acquisition of shares, in effect on the date of acquisition by Geopost of the shares subject to the acquisition option, according to which Speedy Group will have the right to require Geopost to acquire from Speedy Group its remaining shares in the company, representing at least 20.09%, which option is valid for 8 years from the starting date in 2023. If Speedy Group does not exercise this right during the specified period, Geopost will be entitled to require Speedy Group to sell its remaining shares in the company representing at least 20.09%, which option is valid for 1 year from the starting date in 2032. The valuation of the shares offered for sale or acquisition will be in the amount of 8x normalised EBITDA, net of consolidated net financial debt for the financial year preceding the date of exercise of the option.
The entire piece of news is published on the financial website X3News.