The Board of Directors of Siparex Croissance authorized a tender offer on May 17, 2013. Under the program, Siparex will repurchase up to 517,242 shares, representing 41.2% of its share capital at the net unit price of 29 per share excluding all charges for 118.45 million. The repurchases will be made on the Euronext Paris.
The repurchased shares will be cancelled. The purpose of the program is to cancel and write-off the capital in the amount equal to the par value of the repurchased shares. The repurchases will be made pursuant to Article R225-18 of the Commercial Code.
The offer will end on May 20, 2013.