Orapi Seeks Independent Expert for Upcoming Withdrawal Offer
Orapi Initiates Public Withdrawal Offer with Expert Appointment
In a significant move, Groupe Paredes Orapi is set to file a public withdrawal offer with the financial authorities concerning its ordinary shares. The company has expressed its intention to buy back shares at a rate of 6.50 euros per share, a decision that has garnered considerable attention.
Independent Expert Designated for the Withdrawal
Following the announcement, Orapi's board has officially appointed Crowe HAF as the independent expert to evaluate the proposed offer. This appointment was concluded after deliberation on the recommendation of a dedicated committee formed by independent board members.
Responsibilities of the Independent Expert
As the independent expert, Crowe HAF will assess the conditions surrounding the public withdrawal offer. Their comprehensive analysis will culminate in a detailed report that will influence Orapi’s subsequent actions regarding the offer.
Implications for the Shareholders
Orapi’s board plans to hold a meeting to review the expert's findings, which will ultimately shape its formal stance on the withdrawal offer. The findings will be shared publicly, offering shareholders vital insights into the offer.
Understanding the Regulatory Framework
In compliance with financial regulations, any documentation related to Orapi’s public offer will be carefully reviewed by the French financial markets authority, AMF. This regulatory scrutiny ensures that all actions are compliant with legal standards.
Timeline for the Offer
Once the documentation is approved, the offer will be opened to interested shareholders. The careful oversight by the independent expert and the AMF guarantees that shareholders are treated fairly throughout the process.
About Orapi
Orapi is a leading provider of hygiene and maintenance solutions, dedicated to delivering innovative products and services. The company is listed on Euronext Paris, making it accessible to a wide range of investors.
Company Contacts for Inquiries
For further information, stakeholders can reach out to:
Administrative and Financial Director:
Annelise Rousset
+33 (0)4 74 40 20 82
annelise.rousset@orapi.com
Financial Communication:
+33 (0)1 75 77 54 68
orapi@aelium.fr
Frequently Asked Questions
What is the purpose of Orapi's withdrawal offer?
The withdrawal offer aims to repurchase ordinary shares at a set price to consolidate ownership and make strategic adjustments within the company.
Who is Crowe HAF?
Crowe HAF is the designated independent expert appointed to evaluate the terms of Orapi's withdrawal offer, ensuring an unbiased assessment.
What role does the AMF play in this process?
The AMF oversees the regulatory compliance of the withdrawal offer and the associated documentation to protect shareholders' interests.
How will shareholders be informed about the offer?
Shareholders will receive information regarding the offer through public announcements and the expert’s report, ensuring transparency.
What are Orapi's specialties?
Orapi specializes in the design, manufacturing, and distribution of hygiene and maintenance solutions, maintaining a strong market presence.
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