Sopra Steria Obtains Competition Clearance From the European Commission
05 Juli 2023 - 3:15PM
Business Wire
Regulatory News:
This is a joint press release by Ordina N.V. ("Ordina")
and Sopra Steria Group SA ("Sopra Steria" or the
"Offeror") pursuant to the provisions of Section 4,
paragraph 3 of the Dutch Decree on public takeover bids (Besluit
openbare biedingen Wft) (the "Decree") in connection with
the intended recommended public offer by the Offeror for all the
issued and outstanding ordinary shares in the capital of Ordina
(the "Offer"). The information in this announcement is not
intended to be complete. This announcement does not constitute an
offer, or any solicitation of any offer, to buy or subscribe for
any securities in Ordina. Any offer will be made only by means of
an offer memorandum (the "Offer Memorandum") approved by the
Dutch Authority for the Financial Markets (Stichting Autoriteit
Financiële Markten, the "AFM"). This press release is not
for release, publication or distribution, in whole or in part, in
or into, directly or indirectly, any jurisdiction in which such
release, publication or distribution would be unlawful.
Reference is made to the joint press release issued by Sopra
Steria (Paris:SOP) and Ordina on 21 March 2023 in respect of the
conditional agreement on a recommended all-cash public offer to be
made by Sopra Steria for all the issued and outstanding ordinary
shares in the capital of Ordina (each a "Share") at an offer
price of EUR 5.75 per Share cum dividend1.
Sopra Steria and Ordina jointly announce that Sopra Steria has
obtained unconditional competition clearance from the European
Commission today. Consequently, the condition on competition
clearance for completion of the Offer has now been satisfied.
As communicated in the joint press releases dated 21 March, 17
April and 25 May 2023, respectively, Sopra Steria and Ordina
continue to anticipate that the Offer will close in the second half
of 2023.
About Ordina Ordina is the digital business partner that
harnesses technology and market know-how to give its clients an
edge. We do this by using smart solutions to connect technology,
business challenges and people. We help our clients to accelerate,
to develop smart applications, to launch new digital services and
ensure that people embrace those services. Ordina was founded in
1973. Its shares are listed on Euronext Amsterdam and are included
in the Smallcap Index (AScX). In 2022, Ordina recorded revenue of
EUR 429 million. You will find more information at
www.ordina.com.
About Sopra Steria Sopra Steria, a European Tech leader
recognised for its consulting, digital services and software
development, helps its clients drive their digital transformation
to obtain tangible and sustainable benefits. It provides end-to-end
solutions to make large companies and organisations more
competitive by combining in-depth knowledge of a wide range of
business sectors and innovative technologies with a fully
collaborative approach. Sopra Steria places people at the heart of
everything it does and is committed to putting digital to work for
its clients in order to build a positive future for all. With
50,000 employees in nearly 30 countries, Sopra Steria generated
revenue of €5.1 billion in 2022. The world is how we shape
it. Sopra Steria (SOP) is listed on Euronext Paris (Compartment
A) – ISIN: FR0000050809 For more information, visit us at
www.soprasteria.com.
Disclaimer, General Restrictions and Forward-Looking
Statements The distribution of this press release may, in some
countries, be restricted by law or regulation. Accordingly, persons
who come into possession of this document should inform themselves
of and observe these restrictions. To the fullest extent permitted
by applicable law, the Offeror and Ordina disclaim any
responsibility or liability for the violation of any such
restrictions by any person. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
that jurisdiction. Neither Ordina, nor the Offeror, nor any of
their advisors assume any responsibility for any violation by any
person of any of these restrictions. Ordina shareholders in any
doubt as to their position should consult an appropriate
professional advisor without delay. This announcement is not to be
published or distributed in or to Canada, Japan and the United
States.
This public announcement may include "forward-looking
statements" and language that indicates trends, such as
"anticipated" and "expected". Although Ordina and the Offeror
believe that the assumptions upon which their respective financial
information and their respective forward-looking statements are
based are reasonable, they can give no assurance that these
assumptions will prove to be correct. Neither Ordina nor the
Offeror, nor any of their advisors accept any responsibility for
any financial information contained in this press release relating
to the business or operations or results or financial condition of
the other or their respective groups.
1 In accordance with the press release dated 16 February 2023, a
dividend of EUR 0.395 was announced by Ordina and paid to Ordina's
shareholders on 20 April 2023.
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version on businesswire.com: https://www.businesswire.com/news/home/20230705222977/en/
For more information:
Investor Relations Olivier Psaume
olivier.psaume@soprasteria.com +33 (0)1 40 67 68 16
Press Relations Caroline Simon (Image 7)
caroline.simon@image7.fr +33 (0)1 53 70 74 65
For more information:
Investor Relations Anneke Hoijtink
anneke.hoijtink@ordina.nl +31 615396873
Media relations Uneke Dekkers, CFF Communications
uneke.dekkers@cffcommunications.nl +31 650261626
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