Linedata Services SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Linedata Services SA Announces Public Tender Offer to Buy Back Shares via Debt Financing; FFP SA to Tender its Shares to the Offer
Linedata Services SA announced that it has decided to launch a public tender offer to buy back a maximum of 2,700,000 of its shares, representing 25.7% of its share capital, at a price of EUR 16 per shares. The shares that will be repurchased will then be cancelled. The offer would represent a total amount of EUR 43.2 million which would be financed via a new loan of a maximum amount of EUR 50.6 million, to be paid off over five years. FFP SA expressed its intent to tender all of its shares to the offer, representing a stake of 12.9% of the share capital of Linedata Services SA. Mr. Anvaraly Jiva and its personal holding company, Amanaat SAS, announced that they would not tender their shares to the offer and will own a maximum 38.46% stake in Linedata Services SA if all the shares repurchased are cancelled.
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