Phast Invest Announces Buy-Out Offer for Prodware Shares

On October 23, 2025, Phast Invest revealed plans to initiate a public buy-out offer for Prodware shares it does not currently own, at €28 per share. This will be followed by a squeeze-out. Phast Invest holds 93.16% of Prodware's share capital and 94.13% of the voting rights.

The offer represents a significant premium on Prodware’s recent share prices. Specifically, it's a 147.8% premium on the closing price of October 22, and substantial premiums on average prices over the last 20, 60, and 120 trading days.

Following the buy-out, a squeeze-out procedure will occur as minority shareholders hold less than 10% of Prodware’s share capital. An independent expert, Finexsi, will assess the fairness of the offer. The AMF will review the offer’s compliance, and details will be published on Prodware’s and AMF’s websites.