RCS - EPIC Acquisition - Extension of Business Combination Deadline

HackettAnnouncement

22/12/2023 14:15

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RNS Number : 8270X  EPIC Acquisition Corp  22 December 2023

EPIC Acquisition Corp Announces Board Approval for Extension of Business
Combination Deadline

 

AMSTERDAM - 22 December 2023 / EPIC Acquisition Corp (the "Company") announces
that the Company's Board have approved a one-month extension of its Business
Combination Deadline from 25 December 2023 to 25 January 2024 against payment
by the Company to its Escrow Account of a fixed amount of EUR 5,021, which has
been satisfied in whole by the Company's application of the Unused Overfunding
Amount. This approval is made further to the Board Extension Right granted at
the Company's Extraordinary General Meeting held on 21 April 2023.

 

Further information and the meanings of any capitalised terms (unless
otherwise herein defined) can be found in the Circular published on the
Company's website on 30 March 2023:

 

https://www.epicacquisitioncorp.com/investorrelations/news-and-publications.php
(https://www.epicacquisitioncorp.com/investorrelations/news-and-publications.php)

 

About EPIC Acquisition Corp

 

EPIC Acquisition Corp was admitted to listing and trading on Euronext
Amsterdam on 6 December 2021.

 

The Company is sponsored by EAC Sponsor Limited (the "Sponsor"), which is
jointly led by EPIC, a UK-headquartered investment, advisory and
administration firm which has 20 years' experience of using publicly listed
vehicles to make private equity investments, and TTB, a Hong Kong-based
investment and advisory business, which has extensive local relationships
across Asia and a strong track record of helping global brands access and
develop in Asian markets.

 

The leadership team of the Sponsor is comprised of Giles Brand and James
Henderson of EPIC, Teresa Teague, the co-founder of TTB, and Peter Norris, the
chairman of the Virgin Group (collectively, the "Leadership Team"). Giles
Brand is the founder and Managing Partner of EPIC. Before founding TTB, Teresa
Teague was a Partner at Goldman Sachs and most recently Co-Head of the
Consumer and TMT Groups in Asia ex. Japan.

 

The Leadership Team is supported by dedicated teams within EPIC and TTB. The
combined platforms of EPIC and TTB span the UK, Hong Kong, Guernsey, Ireland
and India and include c.250 employees, with 30 investment and advisory
professionals.

 

The Sponsor has been formed to provide the Company with institutional
leadership and resources, combining private equity and public markets
investing experience, broad and highly active deal sourcing networks in Europe
and Asia, operational leadership in the consumer sector and a deep and proven
understanding of how global companies can succeed in Asian markets.

 

Enquiries

 

For more information, visit www.epicacquisitioncorp.com
(http://www.epicacquisitioncorp.com) or contact:

 

James Henderson

james.henderson@epicip.com

EPIC Investment Partners, Audrey House, 16-20 Ely Place, London EC1N 6SN

 

Chris Scoular

chris.scoular@ttbpartners.com

TTB Partners, 11/F Winsome House, 73 Wyndham Street, Central, Hong Kong

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