Klea Holding Receives Offer for Outstanding Shares at 0.30 Euro Per Share

Klea Holding (FR0013481835 – ALKLH) has received a proposal from a consortium of Gulf Cooperation Council (GCC) based investors to purchase all outstanding shares at 0.30 euro per share. This price represents a 58% premium over the last quoted price. The proposal was received on September 18, 2024, and is currently under review by Klea Holding's Board of Directors and their advisors.

The consortium's offer values Klea Holding’s ordinary shares at approximately 92.3 million euros. It is an all-cash tender offer and, if successful, will lead to a minority squeeze-out upon reaching a 90% ownership threshold. The offer is non-binding and will expire on September 27, 2024, at 17:00 CET.

Klea Holding's management is in discussions with the consortium to evaluate the offer further. There is no certainty an agreement will be reached. The offer is subject to customary conditions precedent, including due diligence, Board approval, and agreement with main shareholders, with a waiver threshold set at 60%.

Klea Holding will continue to inform the public of any significant developments regarding this offer.