(Finance) – Oenne Srl, Hodl Srl and Bigiarini HDP Srl have taken the decision to promote apublic purchase offer (OPA) voluntary having as its object the totality of the shares ordinary of Tweppya listed company operating in the sector of high added value services aimed at digital transition and management and communication consultancy for SMEs through the development and management of a proprietary software platform in SaaS mode.
After deducting the 1,444,000 shares (representing 62.04% of the share capital) which are owned by Oenne and Hodl and the persons acting in concert with the bidders), the tender offer concerns 883,400 Tweppy shares, representing 37.96 % of the share capital. The takeover bid is aimed at obtaining the exclusion of the shares from trading on Euronext Growth Milan.
Bidders will recognize, if the effectiveness condition occurs (or is waived), a fee equal to 1.15 euros for each share tendered to the offer, exceeding 1 euro offered at the beginning of 2024, of the tender offer which then failed. The consideration incorporates a premium of 33.72% compared to the official price on 28 October 2024. The company (formerly Casasold) was listed in March 2021 with a price of 3.33 euros per share.
The partners Algebris Investments and Teate Capital have signed an adhesion agreement with Hodl and Oenne, pursuant to which they are committed to bringing in membership the totality of the shares held by them as of today, equal to a total of 225,200 shares, representing 9.68% of the share capital.
The offer is subject to the occurrence of the following effectiveness condition: achievement of a threshold of acceptances such as to allow the bidders to overall hold a participation of at least 66% of the share capital.