DBAY Advisors crosses the threshold of 90% of SQLI's capital and voting rights
SQLI, a European group dedicated to digital services, announces that DBAY Advisors, its reference shareholder since 2019, has exceeded, through Synsion BidCo, the threshold of 90% of the share capital and voting rights of SQLI in the context of its project of simplified tender offer (the "Offer") at a price of €54 per share.
At the close of trading on 8 November 2024, Synsion BidCo, a company controlled by DBAY Advisors, held 4,365,618 shares representing 93.53% of the capital and 91.45% of the theoretical voting rights.1. This gain results from the acquisition of shares under the project of Offer.
Having crossed the threshold of 90% of the share capital and voting rights of SQLI, Synsion BidCo will be in a position, subject to the notice of compliance issued by the AMF and at the end of the Offer, to implement the squeeze-out in order to have the SQLI shares not tendered to the Offer transferred to it in return for a unitary compensation equal to the Offer price per SQLI share, i.e. €54.
The AMF and Euronext will publish, at the appropriate time, a notice of implementation of the squeeze-out and the timetable for its implementation and the delisting of the SQLI shares from the Euronext regulated market in Paris.