Prodways Group Prepares a €20 Million Share Buyback Following Software Division Sale
Prodways Group has announced the appointment of KLING & GINÉ as the independent expert to assess the conditions of its proposed public share buyback offer amounting to €20 million.
Appointment of Independent Expert
The Board of Directors of Prodways Group has appointed the firm KLING & GINÉ, represented by Mr. Teddy GUÉRINEAU, as the independent expert. This appointment is part of a public share buyback offer announced on March 20, 2026, pending approval at the General Meeting on April 24, 2026, and the completion of the sale of the group's Software division. The buyback offer, amounting to €20 million, will be significantly funded by the proceeds from this sale.
Role of the Independent Expert
The independent expert's task will be to prepare a report on the conditions of the public share buyback offer and to present its findings in the form of a fairness opinion. An offer committee composed of three independent members will oversee the expert's work and prepare a draft reasoned opinion from the Board of Directors. Indosuez Corporate Advisory is acting as financial advisor, and Banque Degroof Petercam as presenting and guaranteeing institution. The precise timeline and terms of the offer will be submitted for shareholder approval at the General Meeting and the acquisition of the compliance declaration from the Financial Markets Authority.
