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    ALEMK   BE0003843605

EMAKINA GROUP SA

(ALEMK)
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Emakina : announces that EPAM has filed a prospectus with the FSMA for a voluntary takeover bid on all shares of Emakina Group

08/18/2021 | 02:24pm EDT

Emakina Group announces that EPAM has filed a prospectus with the FSMA for a voluntary takeover bid on all shares of Emakina Group

Regulated information and inside information - not for distribution in the United States of America or in any other jurisdisction where distribution or publication would be illegal

Watermael-Boitsfort, 18 August 2021 - Emakina Group SA(the "Company") announces that EPAM Systems, Inc., a Delaware corporation having its registered address at 251 Little Falls Drive, Wilmington, Delaware 19808-1674USA ("EPAM"), that is listed on the New York Stock Exchange and specialises in product development, digital platform engineering, and digital and product design, has filed a prospectus with the Belgian Financial Services and Markets Authority (the "FSMA") with a view to launching a voluntary public takeover bid for all the 3,893,353 shares issued by the Company (the "Offer").

The Offer seeks to benefit the Company by providing it with increased access to a more diverse customer base. Working with EPAM, a globally recognized engineering powerhouse, will help the Company connect their digital strategy and design work to implemented platforms and next generation digital products.

The main terms of the Offer are set out in the notice that is published on the website of the FSMA (www.fsma.be).

The prospectus prepared by EPAM and the memorandum in response prepared by the Company will be made public in Belgium at a later stage, after they have been approved by the FSMA. They will be available on the website of the FSMA (www.fsma.be) and the website of the Company (www.emakina.group).

The board of directors of the Company considers that the terms and conditions of such friendly Offer are favourable to all shareholders and other stakeholders and unanimously recommends that shareholders tender their shares to EPAM.

On that basis, on 14 August 2021, the board decided to support the Offer and, with EPAM, entered into a transaction agreement setting out the terms of such support.

To date and following the decision of the board to support the Offer, EPAM Systems, Inc. has received irrevocable undertakings from shareholders to tender to the Offer 3.713.520 shares of the Company, representing 95,38 % of the total voting shares issued by the Company, including the Company's own shares.

The Board of Directors

- - -

Further information to the holders of Emakina Group SA securities

The communications on the Offer under the applicable tender offer rules will follow in due time.

Disclaimer

This press release does not constitute and shall not be considered as constituting, an offer to the public to acquire, sell or subscribe, or the solicitation of an order to sell, buy or subscribe, the shares of Emakina Group SA, in any jurisdiction. The Offer will only be made on the basis of the prospectus that will be approved by the FSMA, the Belgian supervisory market authority. No steps will be taken to enable a public takeover bid in any jurisdiction other than in Belgium.

Neither this press release nor any other information relating to the matters contained herein may be distributed in the United States of America or in any jurisdiction where a registration, qualification or any other obligation is in force or would be with regard to the content hereof or thereof. Any failure to comply with these restrictions may constitute a violation of the financial laws and regulations of such jurisdiction. Emakina Group SA and its affiliated persons explicitly decline any liability for any failure of any person to comply with these restrictions.

Contact

Brice Le Blévennec

Chief Executive Officer, Emakina Group blb@emakina.com

+32 (0)2 400 40 00

Frédéric Desonnay

Chief Financial Officer, Emakina Group fds@emakina.com

+32 (0)2 400 40 00

Emakina Group

Société anonyme Rue Middelbourg, 64A 1170 Bruxelles

RC 630 741

RLE Brussels 464.812.221

- - -

About Emakina Group SA

Emakina Group (ALEMK) is a leading independent digital agency group with global reach. Every day over 1,100 digital talents combining expertise in delivering next- generation user experience and building digital businesses collaborate with clients in global hybrid teams to grow their business and brand value. Our agencies advise and guide international players in shaping their transition to digital and deliver solutions and services to support optimal execution, from cutting- edge applications to websites, to digital commerce capabilities and creative campaigns.

Emakina Group is listed on Euronext GrowthBrussels (ISIN BE0003843605) and reported sales of EUR 99 million in 2020.

www.emakina.group

Disclaimer

Emakina Group SA published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 18:23:01 UTC.


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Financials
Sales 2020 97,4 M 113 M 113 M
Net income 2020 0,37 M 0,43 M 0,43 M
Net Debt 2020 5,87 M 6,81 M 6,81 M
P/E ratio 2020 119x
Yield 2020 -
Capitalization 113 M 131 M 131 M
EV / Sales 2019 0,57x
EV / Sales 2020 0,51x
Nbr of Employees 1 081
Free-Float 5,82%
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Managers and Directors
Brice Le BlÚvennec Co-Chief Executive Officer & Executive Director
Karim Chouikri Co-Chief Executive Officer & Executive Director
FrÚdÚric Desonnay Chief Financial Officer & Compliance Officer
Denis Steisel Non-Executive Chairman
Adam Palaczyk Head-Information Technology