IRD GROUP
Public limited company with share capital of €44,274,913.25
40 rue Eugène Jacquet – 59700 MARCQ-EN-BARŒUL
RCS Lille Metropole No. 456 504 877
Euronext Paris – Compartment C
Code Isin FR 0000124232

(the ” company »)

~ PRESS RELEASE ~

Submission of a draft public offerthe revocation on GROUPE IRD shares and appointment of an independent expert

Marcq-en-Baroeul, October 5, 2022 – 7:00 p.m

IRD GROUP (the ” company “) announces that its Board of Directors met on October 5, 2022 and took note of the proposed public tender offer followed by a squeeze-out targeting the Company’s shares at a price of EUR 44.20 per share ( I'” offer »).

The offer should be submitted to the Autorité des Marchés Financiers (the “ AMF “) by IRD ET ASSOCIES, a simplified limited company created by the reference shareholders of GROUPE IRD, namely: RESALLIANCE, GPI – CITE DES ENTREPRISES, CAISSE D’EPARGNE ET DE PREVOYANCE HAUTS DE FRANCE, GIPEL, HOLDING MALAKOFF HUMANIS, UNION OF THE TEXTILE AND CLOTHING INDUSTRY, COMPANIES AND TERRITORIES HDF, MEDEF METROPOLE LILLE, FDD COMPANIES AND CITIES, ALLIANCE EMPLOI and EMPLOI & HANDICAP (the “ Reference Shareholders ”), who intend to contribute to IRD ET ASSOCIES the shares they hold in GROUPE IRD, ie 2,807,613 shares in GROUPE IRD, representing 96.71% of the share capital and voting rights.

Based on the information available to it, the Board of Directors has accepted this offer positively.

Constitution of an ad hoc committee and appointment of an independent expert

In accordance with stock exchange regulations, the Board of Directors of GROUPE IRD has set up an ad hoc committee composed of three members (the majority of whom are independent directors). This ad hoc committee is responsible in particular for ensuring the…