Etna French Bidco to Implement Squeeze-Out for Exclusive Networks

On March 21, 2025, Etna French Bidco will implement a squeeze-out of Exclusive Networks shares. This follows a simplified tender offer, achieving 98.52% ownership of the company's share capital and voting rights. With this move, only 1.48% of the shares, held by minority shareholders, remain outside Etna French Bidco's control.

A cash indemnification of €18.96 per share will be offered, as per the previous tender offer terms. The AMF confirmed that the offer price is fair, based on valuation reports. This process will lead to the delisting of Exclusive Networks from Euronext Paris on the same day as the squeeze-out execution.

The funds for compensating minority shareholders will be managed by Uptevia, with provisions for unclaimed funds over a ten-year period. Necessary documents regarding this offer are accessible via the Exclusive Networks and AMF websites.