EQS-News

Publication of the Joint Reasoned Statement of the Management and Supervisory boards of va-Q-tec AG concerning EQT Private Equity’s delisting tender offer

EQS-News: va-Q-tec AG / Key word(s): Offer/Statement Publication of the Joint Reasoned Statement of the Management and Supervisory boards of va-Q-tec AG concerning EQT Private Equity’s delisting tender offer 11.08.2023 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement. Publication of the Joint Reasoned Statement of the Management and Supervisory boards of va-Q-tec AG concerning EQT Private Equity’s delisting tender offer

•  Management and Supervisory boards of va-Q-tec AG recommend acceptance of EQT Private Equity’s voluntary public delisting tender offer
• Management and Supervisory boards regard the EUR 26.00 offer price per va-Q-tec share as financially fair and in the best interests of the company, its employees and customers
• Company will promptly apply for revocation of the admission of the va-Q-tec shares to trading on the Regulated Market of the Frankfurt Stock Exchange

Würzburg, 11 August 2023 The Management and Supervisory boards of va-Q-tec AG (“va-Q-tec”) have today published their Joint Reasoned Statement pursuant to Section 27 (1) of the German Securities Acquisition and Takeover Act (WpÜG) concerning the public delisting tender offer of Fahrenheit AcquiCo GmbH (“Bidder”) for the shares (ISIN DE0006636681 / WKN 663668) of va-Q-tec. The Bidder is a holding company legally controlled by EQT Private Equity. After careful and thorough examination of the offer document published on 2 August 2023, the Management and Supervisory boards of va-Q-tec AG recommend that the shareholders accept the offer.

The Management and Supervisory boards are of the opinion that the delisting tender offer, as previously the voluntary public takeover offer, particularly satisfies the interests and objectives of va-Q-tec, the shareholders of va-Q-tec and the employees of the va-Q-tec Group. Therefore, they welcome and support the Bidder’s offer as set out in the offer document. Accordingly, in the Management and Supervisory boards’ opinion and taking into consideration the fairness opinion prepared by financial advisor ParkView Partners GmbH, the offer price of EUR 26.00 per va-Q-tec share is fair from a financial perspective. At the same time, the Management and Supervisory boards reaffirm their view that the partnership with EQT Private Equity represents the basis for the successful further development of the va-Q-tec Group and its technology in the long term. Accordingly, va-Q-tec and the Bidder had agreed in the Business Combination Agreement concluded in December 2022 to support and promote all business areas of va-Q-tec as part of the strategic partnership. For this purpose, the Bidder provided, inter alia, around EUR 35 million of fresh equity for va-Q-tec by way of a capital increase. In addition, a business combination of va-Q-tec’s business activities for the pharmaceutical sector with Envirotainer AB and the further development of va-Q-tec’s other business activities in the thermal energy efficiency and thermal boxes areas within a separate new company are planned.