Draft public buyout offer for MND shares by L&M Infra

The majority shareholder of Montagne Et Neige Développement SA, L&M Infra, with 97.81% of the capital and voting rights, has filed a proposed public buyout offer with the AMF for the MND shares listed on Euronext Growth . The offer is proposed at €0.90 per share, offering a premium of 16.6% compared to the last price before the announcement.

This operation aims to simplify the capital structure of MND, also making it possible to reduce the costs linked to the listing and to simplify the operation of the company. The project includes a phase of compulsory withdrawal of shares not tendered to the public offer, each share will be compensated up to the price of the offer.

The Board of Directors of MND expressed a favorable opinion on the principle of this offer, awaiting a final opinion following the evaluation by an independent expert. Trading of MND shares will resume on May 7, 2024, after a suspension since May 3. No financing conditions are attached to this offer, L&M Infra having already secured the necessary funds.