VOGO Société anonyme (ENXTPA:ALVGO) made an offer to acquire Vokkero® from Adeunis Société anonyme (ENXTPA:ALARF) for €6.5 million on September 17, 2019. The total consideration will be paid in €6 million in cash upon finalization of the transaction. The balance will be pledged by ADEUNIS as guarantee of payment of
any sums that may be due to VOGO. If that guarantee is not invoked, the balance will be paid by VOGO in cash in three equal tranches at 12, 24 and 36 months from completion of the transaction. However, in the event ADEUNIS takes out an insurance policy to cover this guarantee, the balance will be paid in two tranches of €0.25 million each, the first at 9 months and the second at 18 months from the transaction completion date. The deal includes all of Vokkero®'s business capital, notably including its client base, including contracts underway relating to Vokkero®'s activity, as well as the brands, trademarks and all intellectual property items pertaining to Vokkero®'s activity and the personnel involved in that activity and the acquisition by VOGO of 100% of ADEUNIS's North American subsidiary based in New York with 3 employees. The acquisition is to be financed using a loan of around €4 million granted to VOGO by a banking syndicate, with the Group's own funds covering the balance. ADEUNIS has agreed to give VOGO exclusivity until October 31, 2019. The transaction remains subject to a number of prerequisite conditions, notably including the drafting of legal documentation, informing and consulting employee representative bodies at ADEUNIS, and informing all company employees. The deal is expected to complete on October 2019.

Samuel Pallotto, Christopher Mesnooh, Antoine Gabizon, Nathalie Hadjadj-Cazier and Marina Ngon of Fieldfisher and Reza Nader of Baker & McKenzie acted as legal advisors for VOGO. Grilles Grinal of GKA & Associés acted as legal advisor, Hervé Linder of Ernst & Linder LLC acted as legal advisors for Adeunis.