RCS - Vectron Systems AG - Business Combination with the Shift4 group
14/06/2024 08:15
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RNS Number : 4692S Vectron Systems AG 14 June 2024
Vectron Systems AG / Key word(s): Merger
Vectron Systems AG: Business Combination with the Shift4 group to be
completed, Delisting planned
14-Jun-2024
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Münster, 14 June 2024. The business combination of Vectron Systems AG
("Vectron") with the Shift4 group ("Shift4") announced on 1 June 2024 was
previously subject to the condition that Shift4 succeeds in acquiring a total
of at least 70% of Vectron's shares (including the shares from the planned
capital increase). Shift4 has declared today that it waives this condition,
respectively that the condition is deemed to be fulfilled because the 70%
threshold is nearly met. This means not only that the acquisition of
approximately 41.4% of Vectron's share capital from the current CEO Thomas
Stümmler and a company controlled by him will be completed, but also that the
agreed Business Combination Agreement is finally binding and that the 10%
capital increase from authorized capital will be subscribed by Shift4 and
completed. The condition is also no longer relevant for the current tender
offer for all Vectron shares at an offer price of EUR 10.50 per Vectron share.
Following the tender offer a de-listing of the Vectron-share is envisaged with
short notice.
IR contact:
Meister Consulting GmbH
Tobias Meister
Im Schling 3
59955 Winterberg
Tel.: +49 (0) 2983 908121
Mob.: +49 (0) 170 2939080
E-Mail: meister@meisterconsult.com
End of Inside Information
13-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: Vectron Systems AG
Willy-Brandt-Weg 41
48155 Münster
Germany
Phone: 0251/ 28 56 - 0
Fax: 0251/ 28 56 - 564
E-mail: info@vectron.de
Internet: www.vectron.de
ISIN: DE000A0KEXC7
WKN: A0KEXC
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1925031
End of Announcement EQS News Service
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