|
EQS-Ad-hoc: va-Q-tec AG / Key word(s): Offer/Mergers & Acquisitions va-Q-tec AG informs about the fulfilment of the last offer condition of the voluntary public takeover offer of Fahrenheit AcquiCo GmbH to the shareholders of va-Q-tec AG – delisting agreement concluded with delisting tender offer to be launched and domination and profit and loss transfer agreement planned Würzburg, 30 June 2023. va-Q-tec AG (ISIN DE0006636681 / WKN 663668, the ”Company“) announces that all offer conditions under the voluntary public takeover offer (“Takeover Offer”) of Fahrenheit AcquiCo GmbH, a holding company controlled by EQT Private Equity, to the shareholders of the Company have been satisfied. After the German Federal Cartel Office (Bundeskartellamt) has already given its clearance on 12 June 2023, the Austrian Federal Competition Authority (Bundeswettbewerbsbehörde) has today also declared its waiver of a further review, whereby the voluntary public takeover offer is deemed to be cleared. The settlement of the Takeover Offer is expected to occur on 6 July 2023. Following the successful settlement of the Takeover Offer, Fahrenheit AcquiCo GmbH plans to carry out a delisting of the Company’s shares through a public delisting tender offer. For this purpose, the Company and Fahrenheit AcquiCo GmbH entered into an agreement for a delisting of the Company (“Delisting Agreement”) immediately after becoming aware today of the waiver of a further review by the Austrian Federal Competition Authority. Under the Delisting Agreement it was agreed, inter alia, that Fahrenheit AcquiCo GmbH shall offer the shareholders of the Company to acquire their va-Q-tec shares by way of a public delisting tender offer against a cash payment in the amount of EUR 26,00 per va-Q-tec share. Subject to, inter alia, the review of the offer document yet to be published by Fahrenheit AcquiCo GmbH, the Company agreed under the Delisting Agreement to support a delisting by applying for the revocation of the admission to trading of all va-Q-tec Shares on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange in connection with the delisting tender offer. Furthermore, Fahrenheit AcquiCo GmbH continues to pursue the conclusion of a domination and profit and loss transfer agreement with the Company and is in advanced negotiations with the Company, whereby it is currently intended that this year's Annual General Meeting of the Company will resolve on the approval of such domination and profit and loss transfer agreement.
+++END OF THE AD HOC ANNOUNCEMENT+++
IR contact va-Q-tec AG
cometis AG
About va-Q-tec va-Q-tec is a pioneer of highly efficient products and solutions in the field of thermal insulation and TempChain logistics. The company develops, produces, and sells highly efficient and thus thin vacuum insulation panels (“VIPs”) for insulation as well as thermal energy storage components (Phase Change Materials – “PCMs”) for reliable and energy-efficient temperature control. With this key thermal technology, va-Q-tec manufactures passive thermal packaging systems (containers and boxes) that, depending on the type, can maintain constant temperatures for up to 200 hours without the supply of external energy. For the execution of temperature-sensitive logistics chains, va-Q-tec maintains a fleet of rental containers and boxes in a global partner network, with which demanding thermal protection standards can be met. In addition to Healthcare & Logistics as the main market, the following other markets are addressed by va-Q-tec: Refrigeration & Food, Technology & Industry, Construction and Mobility. Founded in 2001, the fast-growing company is headquartered in Würzburg, Germany.
For more information: www.va-q-tec.com, End of Inside Information
30-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | va-Q-tec AG |
| Alfred-Nobel-Straße 33 | |
| 97080 Würzburg | |
| Germany | |
| Phone: | +49 (0)931 35 942 0 |
| Fax: | +49 (0)931 35 942 10 |
| E-mail: | IR@va-Q-tec.com |
| Internet: | www.va-Q-tec.com |
| ISIN: | DE0006636681 |
| WKN: | 663668 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1670081 |
| End of Announcement | EQS News Service |
|
|
1670081 30-Jun-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
