SMG European Recovery SPAC SE

Share-Buyback Offer Class A Shares

EQS-Media / 24.07.2023 / 08:58 CET/CEST   SMG European Recovery SPAC SE

Société européenne

Registered office: 9, rue de Bitbourg

L-1273 Luxembourg, Grand Duchy of Luxembourg

R.C.S. Luxembourg: B 255839

(the “Company”)

 

 

Luxembourg, 24 July 2023

 

 

SMG European Recovery SPAC SE resolves on the implementation of a public share purchase offer to buyback all of its currently outstanding 11,500,000 redeemable class A shares

 

 

 

The management board with the authorisation of the supervisory board of SMG European Recovery SPAC SE (the “Company”), and by relying on the authorization of the general meeting of 21 July 2023, resolved today, to implement a public offer to repurchase all eleven million five hundred thousand (11,500,000) redeemable class A shares (ISIN: LU2380749676), in accordance with article 32.1 of the Company’s amended articles of association against payment of a purchase price in an amount of ten euro and thirty-five cent EUR 10.35 per class A share (the “Offer”).

 

The offer period commences today, on 24 July 2023, and is expected to end on 28 July 2023, 6.00 pm CET (the “Offer Period”).

 

The Company reserves the right to amend the Offer including an extension of the Offer Period.

 

Further details on the public share purchase offer can be found in the offer document, which will be published on the Company's website (www.smg-spac.com) under the section "Investor Relation".

 

SMG European Recovery SPAC SE

 

 

Disclaimer

 

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