Worldline filed its proposed tender offer for Ingenico securities with the Autorité des marchés financiers (AMF)

Worldline filed its proposed tender offer for Ingenico securities with the Autorité des marchés financiers (AMF)

Ingenico's board of directors issued a favorable reasoned opinion on the offer

• Worldline has filed the draft offer document, and Ingenico has filed a draft reply document, with the AMF
• The proposed tender offer for Ingenico shares includes a primary mixed offer and, subject to a "mix and match" mechanism, a secondary exchange offer and a secondary cash offer:
  • primary mixed offer: 11 Worldline shares and €160.50 for 7 Ingenico shares
  • secondary exchange offer: 56 Worldline shares in exchange for 29 Ingenico shares
  • secondary cash offer: €123.10 per Ingenico share
• The proposed tender offer for Ingenico OCEANEs includes an alternative between a mixed offer and a cash offer:
  • mixed offer: 4 Worldline shares and €998 for 7 Ingenico OCEANEs
  • cash offer: €179 for each Ingenico OCEANE
• The independent expert appointed by Ingenico's board of directors has concluded that the terms of the tender offer for the Ingenico shares and Ingenico OCEANEs are fair
   
• Ingenico's board of directors has issued a unanimous favorable reasoned opinion on the tender offer

Bezons and Paris, July 8, 2020 – Worldline [Euronext : WLN] and Ingenico [Euronext : ING] announce today that they have reached a key milestone in their proposed combination with the filing with the Autorité des marchés financiers (AMF) of a draft offer document and a draft reply document, relating to Worldline's tender offer for Ingenico securities with a view to creating the world's fourth largest player in payment services by bringing together approximately 20,000 employees in 50 countries. Upon closing of the transaction, the newly combined group would offer leading payment services to nearly one million merchants and 1,200 financial institutions and would be highly value-creating with significant run-rate synergies of approximately €250 million annually by 2024.

 

Gilles Grapinet, Worldline’s Chairman and Chief Executive Officer, said:

“I am very happy of the decisive milestone reached today regarding our friendly acquisition project of Ingenico, at the date initially planned in the overall timetable set for the transaction. Indeed, thanks to the exemplary collaboration between the teams of our two groups, we have filed today with the AMF our draft offer document for Ingenico securities, which constitutes an essential step in the friendly public tender process.”