Prodways Group Plans to Redistribute 20 Million Euros to Its Shareholders
Prodways Group has announced a General Meeting of shareholders on April 24, 2026, to seek approval for the sale of its Software business, operated by its subsidiary AvenAo Solution 3D. This follows the signing of an agreement on March 6, 2026.
Approval Sought for Software Business Sale
Prodways Group is proposing to shareholders to approve the sale of its Software business, conducted by its subsidiary AvenAo Solution 3D. In accordance with applicable regulatory provisions, this sale will be put to a vote at the General Meeting on April 24, 2026. The preliminary meeting notice was published in the Balo on March 20, 2026. The suspensive condition related to obtaining the agreement of the strategic partner has been lifted.
Proposed Redistribution of Sale Proceeds to Shareholders
Should the sale be approved at the General Meeting on April 24, 2026, the Board of Directors has decided to propose the redistribution of a significant portion of the sale proceeds to shareholders, amounting to 20 million euros. This redistribution would take the form of a public share buyback offer and would occur while preserving a suitable financial structure, enabling the Group to service its bank debt, have the necessary resources to continue its operations, and address potential contingencies. The principle and terms of the public share buyback offer will be submitted for shareholder approval at the General Meeting for the approval of annual accounts and subject to obtaining the necessary authorizations, including that from the AMF.
Details of the Public Share Buyback Offer Yet to Be Announced
The specific terms of the public share buyback offer have not been disclosed at this stage. Prodways Group has stated that it will communicate in due time on the schedule and next steps of this operation.
