Orapi: appointment of an independent expert for the public withdrawal offer project

(Boursier.com) — Following the announcement by Groupe Paredes Orapion September 10, of its intention to file shortly with the Autorité des marchés financiers (AMF) a draft public withdrawal offer followed by a mandatory squeeze-out targeting the ordinary shares of the company Orapi, at a price of 6.50 euros per share, the board of directors of the company appointed, by deliberation of September 23 and on the recommendation of an ad hoc committee composed mainly of independent directors of the company, the firm Crowe HAF, taken in the person of Messrs. Olivier Grivillers and Maxime Hazim, as independent expert.

In accordance with current stock market regulations, Crowe HAF will provide its final report on the terms of the Offer, in its capacity as independent expert.

The Company’s Board of Directors will meet at a later date to issue its reasoned opinion on the offer after having taken note of the report of the independent expert and the recommendation of the ad hoc committee. This reasoned opinion and the report of the independent expert will be made public as part of the draft information note in response, the filing of which with the AMF will be the subject of a press release by the Company.