Unify Group proposes to buy back 1.51% of its share capital at €2.70 per share
The draft simplified tender offer, filed with the AMF on 12 November 2026 by ODDO BHF on behalf of Unify Group, covers a maximum of 926,000 shares, representing 1.51% of the share capital and 1.15% of the theoretical voting rights, which the company would buy back with a view to cancelling them.
A price of €2.70 versus a share price of €1.70 on 11 November
The proposed price is €2.70 per share, payable in cash, while the stock had closed at €1.70 on 11 November 2026. When the principle of the transaction was approved on 14 October 2026, this price represented a premium of 71.3% over the last closing price preceding the announcement.
On 12 November 2026, in light in particular of the report by the independent expert Sorgem Evaluation, the board of directors finalised the terms of the offer. It unanimously deemed the offer to be in the interests of the company, its shareholders and its employees, and recommends that shareholders “who wish to benefit from immediate liquidity” tender their shares.
The offer will remain open for at least 15 trading days following the AMF's decision of conformity. If tendered shares exceed 926,000, each request will be reduced pro rata. The transaction will result neither in a squeeze-out nor in a delisting: the shares will remain admitted to trading on Euronext Growth Paris.
The two co-founders will not tender their shares
Pascal Chevalier, co-founder and Chairman and Chief Executive Officer, who directly and indirectly holds 19.72% of the share capital and 27.06% of the voting rights, has stated his intention not to tender his shares. Gautier Normand, co-founder and Deputy Chief Executive Officer (6.01% of the share capital and 7.60% of the voting rights), has indicated the same intention.
According to the company, the two executives intend in this way to leave the other shareholders free to benefit from the offer if they wish. The three independent directors do not hold any shares. Unify Group also holds 4,000,796 of its own shares as treasury stock, representing 6.53% of its share capital.
The company states that it has identified surplus cash relative to its needs, which amounted to €84.8 million as at 30 June 2026. Buying back all 926,000 shares would cost €2,500,200, and up to €2,900,200 including the estimated costs of the transaction.
Following the cancellation of the repurchased shares, the number of shares would fall from 61,261,452 to 60,335,452. The company does not plan to change its dividend policy as a result of the offer, nor the composition of its corporate bodies.
