John Ray

Sandy Wyman

- Euronext has received regulatory approval to launch a voluntary exchange offer to acquire all common registered ATHEX shares.  **[771999_b9d1dbfe21d747a5864c318c4ae8c140_0]** **[771999_b9d1dbfe21d747a5864c318c4ae8c140_1]** 
- The offer involves an exchange ratio of **one (1) Euronext Consideration Share for twenty (20) ATHEX shares**.  **[771999_b9d1dbfe21d747a5864c318c4ae8c140_1]** 
- The Acceptance Period for the offer commences on **October 6, 2025, and will end on November 17, 2025**.  **[771999_b9d1dbfe21d747a5864c318c4ae8c140_0]** **[771999_b9d1dbfe21d747a5864c318c4ae8c140_3]** 
- The closing of the Tender Offer is subject to a minimum of **38,759,500 ATHEX Shares**, corresponding to **67.0% of ATHEX's total voting rights**, being lawfully and validly tendered.  **[771999_b9d1dbfe21d747a5864c318c4ae8c140_3]** 
- Euronext targets **annual run-rate cash synergies of €12 million by the end of 2028** and expects the transaction to be **accretive for Euronext shareholders after the delivery of synergies in year 1**.  **[771999_b9d1dbfe21d747a5864c318c4ae8c140_4]**

DSS (DSS)