Investment company IDSud has announced its intention to launch a public share buyback tender offer (OPRA) for its own shares listed on Euronext Growth Paris, which will provide 'a liquidity opportunity for shareholders'.

The OPRA would be remunerated in Française des Jeux (FDJ) ordinary shares, on the basis of five FDJ shares for one IDSud share. IDSud holds 2,797,064 FDJ shares, representing 1.46% of La Française des Jeux' share capital.

The public exchange offer would be filed with the AMF in the second quarter of 2024, subject to the adoption of the necessary resolutions for a capital reduction by the Extraordinary General Meeting (EGM), which is expected to be held before April 30.

IDSud has also been informed that Indivision Luciani plans to launch a simplified public tender offer (OPAS) for the remaining shares it does not hold after the planned capital reduction, subject to completion of the OPRA.

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