La Française des Jeux (FDJ) has announced that, following the extension of its public tender offer for Kindred Group plc, which was active until October 18, a total of 14.734.917 new Kindred Swedish Depositary Receipts (SDRs), representing 6.83% of the share capital, were accepted.
Following the initial settlement of the offer on October 11, 2024, FDJ already held 91.77% of Kindred’s share capital.
With the settlement of the extended offer, expected to take place on October 29, 2024, FDJ's shareholding in Kindred will rise to 98.60%.
As FDJ holds over 90% of Kindred's share capital, it intends to request the implementation of the squeeze-out procedure in accordance with Kindred’s articles of association to acquire all shares not tendered in the public offer and to delist Kindred’s SDRs from Nasdaq Stockholm.
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