Signing of an Investment Protocol between AURES Technologies and Advantech

On September 17, 2024 in Lisses, AURES Technologies and Advantech signed an investment protocol. This protocol includes the issuance of new convertible bonds by AURES and the acquisition of a block of shares held by Patrick Cathala, founder of AURES. This transaction should lead to a mandatory public tender offer by Advantech on the remaining shares of AURES.

The transaction includes two tranches of convertible bonds for a total amount of €5 million. Advantech will also acquire approximately 35.76% of the share capital of AURES at a price of €6.31 per share. The tender offer is expected to be completed before October 1, 2024, subject to approval by the Autorité des Marchés Financiers.

The first tranche of bonds will be subscribed upon completion of the transaction, and the second after the public tender offer, subject to Advantech's agreement. The market will be informed of the key stages of this strategic collaboration between the two technology groups.