EQS-Adhoc

European Healthcare Acquisition & Growth Company B.V. received redemption notices with respect to EUR 185.85 million – minimum net cash condition is not yet fulfilled

EQS-Ad-hoc: European Healthcare Acquisition & Growth Company B.V. / Key word(s): Miscellaneous European Healthcare Acquisition & Growth Company B.V. received redemption notices with respect to EUR 185.85 million – minimum net cash condition is not yet fulfilled 23-Jun-2023 / 19:30 CET/CEST 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. NOT FOR DISTRIBUTION, PUBLICATION OR FORWARDING, EITHER DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PUBLICATION.

 

Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation)

 

European Healthcare Acquisition & Growth Company B.V. received redemption notices with respect to EUR 185.85 million – minimum net cash condition is not yet fulfilled

 

Munich, June 23, 2023

 

EHC received by the end of the redemption period that expired today at 17:40 CEST redemption notices from its shareholders with respect to 18,585,196 public shares, resulting in redemption payments to be made at closing of the business combination with Croma in an aggregate amount of EUR 18.59 million. Thus, of the original 20 million outstanding public shares, 1.41 million shares have not been redeemed and EUR 14,148,040 will remain with EHC.

 

EHC has initiated the process to secure private investments in public equity (PIPE) proceeds from selected investors. While the process is still in progress and discussions are ongoing, first commitments for purchases in the amount of EUR 3.75 million, i.e., 375,000 treasury shares have been made at a price of EUR 10.00 per share.