EQS-Adhoc

SunMirror AG: MERGERS & ACQUISITIONS: TAKEOVER PROCEDURE OF LATITUDE 66 COBALT LIMITED WILL MORE LIKELY THAN NOT BE UNSUCCESSFULL

EQS-Ad-hoc: SunMirror AG / Key word(s): Miscellaneous SunMirror AG: MERGERS & ACQUISITIONS: TAKEOVER PROCEDURE OF LATITUDE 66 COBALT LIMITED WILL MORE LIKELY THAN NOT BE UNSUCCESSFULL 05-Jul-2022 / 17:07 CET/CEST Correction of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. CORRECTION OF PUBLICATION OF INSIDER INFORMATION ACCORDING TO ARTICLE 17 OF REGULATION (EU) 596/2014 (MARKET ABUSE REGULATION - MAR)

MERGERS & ACQUISITIONS: TAKEOVER PROCEDURE OF LATITUDE 66 COBALT LIMITED WILL MORE LIKELY THAN NOT BE UNSUCCESSFULL

INVESTOR HAS NOT PAYED AS AGREED / INDEPENDENT DIRECTORS OF LATITUDE 66 COBALT LIMITED CHANGE THEIR RECOMMENDATION FROM ACCEPT TO DECLINE /LATITUDE 66 COBALT LIMITED DIRECTORS WITHDREW THEIR ACCEPTANCE OF THE OFFER

 

Zug, Switzerland: 05.07.2022. On 05.07.2022, 09:35 (CEST), SunMirror AG published a German-language and English-language Ad-Hoc Publication on the unsuccessful termination of the takeover process of Latitude 66 Cobalt Limited (Lat66), which was sent via the EQS publication platform to both electronic distribution systems and European media.

 

The date of the Ad-hoc-Publication is 05.07.2022 and not, as outlined in the Ad-hoc-Publication-04.07.2022. In addition, the Ad-Hoc Publication is hereby corrected and replaced by the following:

 

SunMirror AG ("SunMirror"; Xetra; Vienna: ROR1; ISIN CH0396131929) announces that the previously pursued acquisition of Latitude 66 Cobalt Limited ("Lat66") will end on July 12, 2022.

 

To date, SunMirror has been unable to fulfil the condition of raising EUR 70 million in additional capital in the agreed and repeatedly extended timeframe as part of the takeover of Lat66. The investor who bindingly subscribed to the EUR 70 million authorized capital (see press release of 30.11.2021), only paid in a partial amount. Thus, the capital increase from the authorized capital had to be omitted to the extent to which the performance of the capital increase amount was omitted.