Submission of the draft response note by MND for the public withdrawal offer initiated by L&M Infra

The Board of Directors of Montagne Et Neige Développement (MND) has filed a draft response note with the Financial Markets Authority (AMF). This filing is part of the public buyout offer for MND shares, initiated by L&M Infra, the company's majority shareholder.

The offer, at a price of €0.90 per share, was deemed fair by the independent expert, BM&A. The MND Board of Directors unanimously recommends that shareholders accept this offer.

This recommendation comes despite the current dispute between MND and Bartholet, which impacts MND's activities. The AMF will soon publish details of the offer, which will be followed by a compulsory withdrawal of MND's shares from the Euronext Growth market in Paris.