Klea Holding Extends Share Offer Deadline to October 25, 2024

Klea Holding has announced an extension for the offer received from a consortium to acquire all its outstanding shares at a price of €0.30 per share. The new deadline for the offer is October 25, 2024, at 17:00 CET.

The extension follows discussions between Klea Holding's management and the investors. This added time will allow an independent valuation of the company and a thorough examination of the offer.

The consortium, consisting of GCC-based investors, has proposed a price representing a 58% premium over the last quoted share price. This values Klea Holding’s shares at approximately €92.3 million.

Klea Holding's Board of Directors supports the extension and has commissioned a financial analyst to evaluate the offer further. Specific conditions and due diligence are required before any potential transaction can proceed.