La Française des Jeux (“FDJ”), has, on 22 January 2024, announced a recommended public cash offer to the holders of Swedish Depositary Receipts (the “SDRs”, hereinafter referred to as “shares” and the holders as “shareholders”) in Kindred Group plc (“Kindred”) to tender their shares in Kindred to FDJ (the “Offer”). Under the terms of the Offer, FDJ is offering SEK 130 in cash per Kindred share, and the total value of the Offer thereby corresponds to approximately SEK 27,951 million.
The Board of Directors has announced its statement pursuant to Rule II.19 of the Nasdaq Stockholm Takeover Rules and unanimously recommends the shareholders of Kindred to accept the Offer.
The acceptance period for the offer expired on October 18, 2024. Following the end of the acceptance period, FDJ holds over 90% of Kindred’s share capital. FDJ has requested the implementation of the squeeze-out procedure in accordance with Kindred’s articles of association in order to acquire all the shares not tendered in the public offer and the delisting of Kindred’s SDRs from Nasdaq Stockholm. Read more about the squeeze-out in the press release published on October 23, 2024 "Exercise of squeeze-out right by La Française des Jeux in terms of the Articles of Association of Kindred Group plc"
The last day of trading in Kindred's shares was on November 11, 2024.
For more information, please refer to FDJ’s website, www.groupefdj.com.