Prodways Launches a €20 Million OPRA with a 35% Premium Over the Share Price
On Tuesday, Prodways Group announced its plan for a public share buyback offer (OPRA) amounting to €20 million, funded by the proceeds from the sale of its Software division.
Offer Details
The public buyback offer covers a maximum of 18,181,818 shares at a price of €1.10 per share, representing 35.13% of the company's capital. This price offers a premium of 35.1% over the closing share price on May 11, 2026 (€0.814 per share), and premiums of 35.5% and 44% over the volume-weighted averages calculated over the 20 and 60 trading days preceding this date. The Board of Directors confirmed this project on May 11, 2026, with the intention of canceling the acquired shares as part of a capital reduction not motivated by losses.
Financing and Context of the Operation
This offer will be fully financed by a portion of the proceeds from the sale of the Software division, carried out by the subsidiary AvenAo, which was completed for €35 million. The sale was approved by the General Meeting on April 24, 2026, and its completion was communicated on May 6, 2026. Following this operation, Prodways Group will retain the necessary resources to finance its operations and development, with remaining positive equity. The Gorgé family group, which holds 24.98% of the capital, has expressed its intention to contribute its shares to the project.
Impact on Shareholders
The share buyback plan aims to enhance shareholder value by reducing the number of outstanding shares and potentially increasing earnings per share. It also reflects the company's confidence in its financial health and future prospects. Shareholders will have the opportunity to sell their shares at a premium, providing an attractive exit or investment realignment option.
