GROUPE PAREDES made an offer to acquire the remaining 65.15% of Orapi SA (ENXTPA:ORAP) for ?28.13 million on December 21, 2023. At the opening of the Offer, Groupe Paredes held 34.85% of the capital and 33.38% of the theoretical voting rights of Orapi. A draft tender offer for the acquisition by Groupe Paredes of a total number of 4,198,442 ordinary shares of Orapi, representing, to the best of Groupe Paredes' knowledge, approximately 63.20% of the share capital and 64.76% of the theoretical voting rights of this company.

If the Offer is successful, the Offer will be automatically reopened no later than 10 trading days following the publication of the final result of the Offer, under the same conditions as the Offer, within 10 trading days from the publication of the notice of result of the Offer or, where applicable, within a period of three 3 months from the closing of the reopened Offer, a squeeze-out procedure. The recommendations of the ad hoc committee, the reasoned opinion of Orapi's supervisory board, as well as the independent expert's report are presented in the response note of Orapi which received visa no. 23-523 from the AMF dated December 21, 2023.

The Offer has been open since December 27, 2023 for a period of 25 trading days, i.e. until January 31, 2024.