The delivery of the new shares will be completed on 24 November, marking the start of their parallel trading on the stock exchanges of Amsterdam, Brussels, Lisbon, and Paris.
In an announcement to the Athens Stock Exchange, Euronext stated:
“Pursuant to Article 23 of Law 3461/2006, Euronext announces the successful outcome of the voluntary share-for-share exchange tender offer (the ‘Tender Offer’), submitted on 30 July 2025, for the acquisition of all common registered shares, with a nominal value of €0.42 each (‘ATHEX Share’), issued by ATHEX, which Euronext and any ‘persons acting in concert’ (as defined in Article 2(e) of the Law) do not already directly or indirectly hold. The consideration consists of newly issued common shares of Euronext in euros, with a nominal value of €1.60 each (‘Consideration Share’), at an exchange ratio of 0.050 Consideration Shares for each ATHEX Share.
During the Acceptance Period, which ended on 17 November 2025, a total of 1,962 shareholders validly tendered 42,953,405 ATHEX Shares, corresponding to approximately 74.25% of the voting rights of ATHEX not subject to suspension. Consequently, the condition of the Reduced Minimum Number of Shares—requiring at least 28,925,001 ATHEX Shares, corresponding to 50% plus one (1) ATHEX Share of all voting rights not subject to suspension—to be validly tendered and not withdrawn, has been satisfied.”
Further Procedure and Timeline
On 24 November 2025, the Offeror will commence the process for transferring the ATHEX Shares that were validly tendered in the context of the Tender Offer.
The Offeror will issue the Consideration Shares on 21 November 2025 and will deliver them on 24 November 2025. The Consideration Shares are expected to be admitted to trading on Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, and Euronext Paris on the same date.
Upon completion of the process, former holders of ATHEX Shares who validly tendered them in the context of the Tender Offer are expected to receive the Consideration Shares to which they are entitled on 24 November 2025, while trading of these shares on Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, and Euronext Paris will commence on 24 November 2025.
