OPA DBay Advisors
Dear Madam, Dear Sir, Dear Shareholders,
As you probably know, SQLI is subject to a public tender offer initiated by Synsion BidCo, which is controlled by DBAY Advisors. As an international asset manager and shareholder of SQLI since 2019, DBAY Advisors was able to perfect its knowledge of the Group. This offer demonstrates the loyalty of DBAY Advisors and is in line with its desire to continue supporting SQLI by relying on the current management team.
As an existing shareholder with nearly 30% of the capital, DBAY Advisors is demonstrating through this Offer its intention to consolidate its position as a key shareholder. By providing the company and its employees with more stability and support for the future, DBAY Advisors will enable SQLI to continue to implement its strategy and to expand.
The AMF (Autorité des marchés financiers) has declared the Offer compliant and has granted its visa to Synsion BidCo's offer document (visa n°21-533) and SQLI's reply document (visa n°21-534). The independent expert appointed has concluded that the Offer price is fair from a financial point of view for SQLI's shareholders. The Social and Economic Committee of the company has given a favourable opinion on the Offer. Based on these elements, the Board of Directors unanimously issued a favourable opinion on the Offer, considering that it was in line with the interests of the Company, its shareholders and its employees, and recommended to the shareholders to tender their shares to the Offer. In addition, Quaero Capital, a shareholder representing 9.4% of SQLI's capital, has committed to tender its shares to the Offer.
From December 23, 2021, to January 28, 2022 inclusive, it is therefore proposed that you tender your SQLI shares to the Offer at a price of €31 per share. This price represents a premium of 40% compared to the average closing price of the share weighted by daily volumes over the last twelve months (i.e. until 23 September 2021, the last trading day prior to the publication of the press release announcing the intention to file the Offer). With this transaction, you have the possibility, in the event of a tender, to obtain immediate and full liquidity for your shares.
- The shareholders whose SQLI shares are registered with a financial intermediary (online broker, bank) and who wish to tender their SQLI shares must
- The shareholders whose SQLI shares are held in "pure registered" form and who wish to participate in the Offer must first request their registration in "administered registered" form.
Finally, I would like to take advantage of this letter to sincerely thank you for the trust you have placed in us by accompanying us throughout these years. This Offer marks a structuring step in the development of SQLI to confirm our positioning as an international agency expert in digital experience.
Chairman & CEO, SQLI Group