Linedata Services S.A. (ENXTPA:LIN) announces a share repurchase program. Under the offer the company will repurchase up to 1,100,000 shares, representing 17.24% of its issued share capital for a total of €55 million. The shares will be repurchased at a price of €50 per share.

The repurchased shares will be cancelled. The offer will be funded via a new syndicated loan and the cash available with the company. The purpose of the offer is to enable the shareholders who so desire, a partial but immediate liquidity window, which the market does not currently offer owing to limited trading in the free float.

The offer is subject to shareholder approval to be obtained at the Extraordinary General Meeting to be held on November 30, 2022. The offer will expire on December 22, 2022. As at September 30, 2022, the company had 6,379,327 issued shares and had 322,184 treasury shares.