REG - Noventiq Holdings - Intention to Delist from LSE and Moscow Exchange

Noventiq HoldingsAnnouncement

22/06/2023 07:00

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RNS Number : 4867D  Noventiq Holdings PLC  22 June 2023

22 June 2023

 

Noventiq Holdings plc

("Noventiq" or the "Company")

Noventiq announces its intention to delist from the London Stock Exchange and
Moscow Exchange

 

 

London, 22 June 2023 - Noventiq (LSE: NVIQ), a global digital transformation
and cybersecurity solutions and services provider, today announces that it
will shortly apply to the UK Financial Conduct Authority ("FCA") and London
Stock Exchange plc ("LSE") to effect a cancellation of its listing of global
depositary receipts ("GDRs") representing ordinary shares on the standard
segment of the FCA's Official List and trading on the main market for listed
securities of the LSE ("Main Market").

 

Further to the announcement by Noventiq on 6 May 2023 that it has entered into
a business combination agreement with Corner Growth Acquisition Corp. (Nasdaq:
COOL) ("Corner Growth") and the proposed listing of the combined company on
Nasdaq, the Company has decided to request the voluntary cancellation of its
GDR listing on the FCA's Official List and of its admission to trading on the
LSE ("LSE Delisting"). The Company will, in due course, also apply to the
Moscow Exchange ("MoEX") to de-list its GDRs from trading on MoEX ("MoEX
Delisting"). Delisting on LSE and MoEX is a condition of the business
combination with Corner Growth, and given the multiple trading venues
involved, the Company has initiated the process now as a natural step to
ensure the delistings are completed in a timely manner and do not impact
completion of the business combination.

 

Pursuant to Listing Rule 5.2.8R, the Company is required to give at least 20
business days' notice of the intended cancellation of its listing on the LSE.
It is anticipated that the LSE Delisting will be effective at 8:00 a.m. on 26
July 2023 (the "LSE Delisting Date"). Following the LSE Delisting, the Company
will no longer be subject to the regulatory and statutory regime which applies
to companies admitted to the standard segment of the Official List and traded
on the Main Market.

 

The Company anticipates that the MoEX Delisting will be completed by early
October. The Company will continue to update its shareholders and its GDR
holders in connection with the MoEX Delisting and on the business combination
with Corner Growth as necessary.

 

Noventiq Contacts

 

Investors:

Steven Salter

Global Investor Relations VP

IR@noventiq.com (mailto:IR@noventiq.com)

 

Media:

Rocio
Herraiz

Global Head of Communications

pr@noventiq.com (mailto:pr@noventiq.com)

 

About Noventiq

 

Noventiq (Noventiq Holdings plc) is a leading global solutions and services
provider in digital transformation and cybersecurity, headquartered and listed
in London (LSE: NVIQ). The company enables, facilitates, and accelerates
digital transformation for its customers' businesses, connecting 80,000+
organizations across all sectors with a vast selection of best-in-class IT
vendors, alongside its own services and solutions.

With a turnover of US$ 1.6 billion in FY23 (12 months ending March 31, 2023),
Noventiq is currently one of the fastest growing companies in the sector. The
company's growth is underpinned by its three-dimensional strategy to expand
its markets, portfolio, and sales channels. The strategy is supported by an
active approach to M&As which enables Noventiq to take advantage of the
ongoing consolidation in the industry. Noventiq's 6,400 employees work in ~60
countries throughout Asia, Latin America, Europe, Middle East, and
Africa-markets with significant growth potential.

In May 2023, Noventiq announced its intent to list on Nasdaq through a
proposed business combination with Corner Growth Acquisition Corp.

Additional information about Noventiq can be found
here: https://noventiq.com/investor-relations
(https://noventiq.com/investor-relations)

 

Forward Looking Statements

 

Forward-looking statements generally are accompanied by words such as
"believe," "may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential," "seem," "seek,"
"future," "outlook" and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to, statements
regarding future events, the business combination between Corner Growth and
Noventiq, the estimated or anticipated future results and benefits of the
combined company, including the likelihood and ability of the parties to
successfully consummate the business combination, future opportunities for the
combined company, and other statements that are not historical facts. These
forward-looking statements are provided for illustrative purposes only and are
not intended to serve as, and must not be relied on, by any investor as a
guarantee, an assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and circumstances
are beyond the control of Noventiq. These forward-looking statements should
not be relied upon as representing Noventiq's assessments as of any date
subsequent to the date of this communication. Accordingly, undue reliance
should not be placed upon the forward-looking statements.

 

Disclaimer

 

This release shall neither constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in
any jurisdiction in which the offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of any
such jurisdiction.

 

 

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