Form 20-F ☑
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Form 40-F ☐
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Yes ☐
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No ☑
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EXFO INC.
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By: /s/ Philippe Morin
Name: Philippe Morin
Title: Chief Executive Officer
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ITEM 1:
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Name and Address of Company
EXFO Inc.
400 Godin Avenue
Quebec, Quebec, G1M 2K2
Canada
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ITEM 2:
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Date of Material Change
February 27, 2018.
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ITEM 3:
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News Release
EXFO issued a press release indicating the material change on February 28, 2018 in Canada on Canada NewsWire and in the United States on New York Metro.
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ITEM 4:
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Summary of Material Change
Following the result of the closing of the second phase of a public tender offer, EXFO raised its ownership to 97.44% of the share capital and at least 95.07% of the voting rights of Astellia (EURONEXT: ALAST). Given that minority shareholders do not represent more than 5% of the share capital or the voting rights of Astellia, EXFO intends to implement a mandatory squeeze-out of the remaining shares and de-list Astellia from the Euronext Paris Exchange.
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ITEM 5:
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Full Description of Material Change
The public tender offer initiated by EXFO has been strongly received by Astellia's shareholders.
Following the result of the closing of the second phase of a public tender offer, EXFO raised its ownership to 97.44% of the share capital and at least 95.07% of the voting rights of Astellia (EURONEXT: ALAST). Given that minority shareholders do not represent more than 5% of the share capital or the voting rights of Astellia, EXFO intends to implement a mandatory squeeze-out of the remaining shares and de-list Astellia from the Euronext Paris Exchange. The entirety of Astellia's equity is valued at approximately €25.9 million on a fully diluted basis.
The second phase of the public tender offer settlement is expected to take place on March 5, 2018.
The mandatory squeeze-out of the remaining shares will be made at the same price as of the offer of 10€ per Astellia share and is expected to be implemented on March 8, 2018, the expected date of cancellation of the Astellia shares on the Euronext Paris Exchange and shall cover all the Astellia shares not held by EXFO.
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ITEM 6:
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Reliance on subsection 7.1(2) of Regulation 51-102
Not applicable.
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ITEM 7:
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Omitted Information
Not applicable.
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ITEM 8:
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Executive Officer
For further information, please contact Mr. Pierre Plamondon, Chief Financial Officer and Vice-President Finance or Benoit Ringuette, General Counsel and Corporate Secretary at 418.683.0211.
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ITEM 9:
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Date of Report
March 2, 2018.
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Vance Oliver
Director, Investor Relations
418-683-0913, ext. 23733
vance.oliver@exfo.com
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Marie-Christine St-Pierre
T: 418-529-3223, ext. 222
M: 418-803-0152
mcstpierre@tactconseil.ca
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