EQS-News

va-Q-tec announces acceptance rate for EQT Private Equity’s Takeover Offer after end of initial acceptance period

EQS-News: va-Q-tec AG / Key word(s): Offer va-Q-tec announces acceptance rate for EQT Private Equity’s Takeover Offer after end of initial acceptance period 21.02.2023 / 13:00 CET/CEST The issuer is solely responsible for the content of this announcement. va-Q-tec announces acceptance rate for EQT Private Equity’s Takeover Offer after end of initial acceptance period

 

• EQT Private Equity’s Takeover Offer accepted at a rate of 73.89% after end of initial acceptance period
• Additional acceptance period for va-Q-tec shareholders from 22 February 2023 until 7 March 2023
• Completion of the Takeover Offer expected by no later than the second quarter of 2023

 

Würzburg, 21 February 2023 va-Q-tec AG (“va-Q-tec”), a pioneer of highly efficient products and solutions in the area of thermal insulation (so-called super thermal insulation) and temperature-controlled supply chains (so-called “TempChain” logistics), announces the acceptance rate during the initial acceptance period for the voluntary public Takeover Offer by Fahrenheit AcquiCo GmbH (“Bidder”), a company controlled by EQT Private Equity and supported by co-investors Mubadala Investment Company PJSC and the Sixth Cinven Fund. The acceptance rate amounts to 73.89% of all va-Q-tec shares currently issued, thereby above the minimum acceptance threshold of 62.5%.

va-Q-tec shareholders who have not yet accepted the Takeover Offer can tender their shares for EUR 26.00 per share during an additional acceptance period from 22 February 2023 to 7 March 2023, 24:00 hours (CET). va-Q-tec shareholders will therefore still have the opportunity to benefit from an attractive premium of 98% in relation to the volume-weighted average price of the va-Q-tec share over the past three months up until 9 December 2022.^[1] Subject to the necessary merger control clearances, the Takeover Offer is expected to be completed by no later than in the second quarter of 2023. Once the Takeover Offer has been completed, the Bidder intends, among other measures, to enter into a domination and profit and loss transfer agreement with va-Q-tec and to pursue a delisting of va-Q-tec.