EQS-Adhoc

va-Q-tec AG: Prospective amount of cash settlement and compensation under the planned domination and profit and loss transfer agreement - Seite 2

The severance amount proposed by the major shareholder and accepted by the Company, subject to the submission of the final opinion by EY and the final audit report by Ebner Stolz, in accordance with Section 305 AktG thereby stands both below the announced offer price of EUR 26.00 per va-Q-tec share for the delisting tender offer to the Company’s shareholders announced by Fahrenheit AcquiCo GmbH on 30 June 2023, and also below the Xetra closing price of the va-Q-tec share on 7 July 2023, the last trading day prior to this announcement, of EUR 26.65 per va-Q-tec share.

The management board and supervisory board intend to make a final decision concerning the determination after submission of the final opinion by EY and the final audit report by Ebner Stolz concerning the appropriate severance payment and compensation amounts. Subsequently, the Company’s general meeting scheduled for 29 August 2023 is to decide concerning the approval of the draft domination and profit and loss transfer agreement.

 

+++END OF THE AD HOC ANNOUNCEMENT+++

 

IR contact

va-Q-tec AG
Felix Rau
Phone: [phone] – 2973
Email: [e-mail]

 

cometis AG
Claudius Krause
Phone: +49 611 - 20 585 5-28
Email: [e-mail]

 

About va-Q-tec  

va-Q-tec is a pioneer in highly efficient products and solutions in the area of thermal insulation and TempChain logistics. The company develops, produces and markets highly efficient and consequently thin vacuum insulation panels (VIPs), as well as phase change materials (PCMs) for reliable and energy-efficient temperature controlling. va-Q-tec deploys this key thermal technology in order to produce passive thermal packaging systems (containers and boxes) that maintain constant temperatures, depending on type, for up to 200 hours without external energy input. In order to implement temperature-sensitive logistics chains, va-Q-tec – within a global partner network – operates a fleet of rental containers and boxes meeting demanding thermal protection standards. Along with Healthcare & Logistics as the main market, va-Q-tec addresses the following further markets: Appliances & Food, Technics & Industry, Building, and Mobility. The high-growth company, which was founded in 2001, is based in Würzburg, Germany.