Following the required regulatory clearances, Randstad France has filed with the French Autorité des marchés financiers ("AMF") its voluntary cash tender offer targeting Ausy's shares and convertible bonds ("ORNANE").

Randstad first announced its tender offer on 20 June 2016 for the consulting and engineering firm, and will offer €55.00 in cash per Ausy share. The offer will also target the outstanding Ausy ORNANE at €63.25 (plus accrued interests) per ORNANE.

The offer represents a premium of 27.6% on the last closing price prior to announcement, 20% to the volume-weighted average share price of Ausy’s shares on Euronext Paris during the last six months prior to announcement; and 26.9% to the volume-weighted average share price of Ausy’s shares on Euronext Paris during the last twelve months prior to announcement.

The offer will be subject to a minimum acceptance rate of 65% in voting rights in Ausy on a fully diluted basis. Should the legal and regulatory conditions be met, the offer would be followed by a squeeze-out of the above-mentioned equity securities at the same prices.

The opening of the Offer is subject to Ausy’s works council consultation, the filing with the AMF of Ausy's offer documents and the approval of the offer by the AMF. The offer is therefore expected to open in December 2016 and to close in the first quarter of 2017.