REG - HeiQ PLC - Agreed Changes to Concert Party

HeiqAnnouncement

06/12/2023 15:00

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RNS Number : 9187V  HeiQ PLC  06 December 2023

6 December 2023

HeiQ Plc

("HeiQ" or "the Company")

Agreed Changes to Concert Party

 

HeiQ (LSE:HEIQ), a leading company in materials innovation and hygiene
technologies announces recent changes to the composition of the concert party
in respect of the Company.

 

Under the City Code on Takeovers and Mergers (the "Code") published by the
Panel on Takeovers and Mergers (the "Panel"), a concert party arises where
persons who, pursuant to an agreement or understanding (whether formal or
informal), co-operate to obtain or consolidate control (as defined in the
Code) of a company or to frustrate the successful outcome of an offer for a
company.

 

Certain persons will be presumed, as set out in the Definitions in the Code,
to be persons acting in concert with other persons in the same category unless
the contrary is established, including shareholders in a private company who
sell their shares or interests in consideration for the issue of new shares in
a company to which the Code applies, or who, in connection with an initial
public offering or otherwise, become shareholders in a company to which the
Code applies.

 

In its Prospectus dated 12 November 2020, HeiQ stated that it had agreed with
the Panel that a concert party (the "2020 Concert Party") existed in the
context of the Company. The 2020 Concert Party comprised each of Carlo
Centonze, Cortegrande AG, Emanuele Centonze, Annica Centonze, Esther
Dale-Kolb, Xaver Hangartner, Benjamin Bergo, Dr Murray Height, Trevor Height,
Robyn Height and Darren Morcombe.

 

The Company has now agreed with the Panel that Darren Morecambe is no longer
part of the 2020 Concert Party, such that it now comprises the following
members.

 

 

 Concert Party Member     Number of ordinary shares currently held  Percentage of issued share capital
 Carlo Centonze           9,287,080                                 6.61
 Murray Height            8,018,063                                 5.71
 Cortegrande AG           5,186,237                                 3.69
 Emanuele Centonze        1,288,108                                 0.92
 Annica Centonze          669,216                                   0.48
 Ester Dale-Kolb          902,986                                   0.64
 Xaver Hangartner         493,746                                   0.35
 Benjamin Bergo           284,853                                   0.20
 Trevor Height            167,114                                   0.12
 Robyn Height (Trustees)  165,215                                   0.12
 Total                    26,462,618                                18.84

The individual members of the 2020 Concert Party (as comprised pursuant to the
table above) can now acquire further shares in the Company without triggering
an obligation under Rule 9 of the Code to make an offer for the whole of its
issued share capital, provided that such acquisitions do not cause the
aggregate interest of the 2020 Concert Party to reach or exceed 30 per cent.
of the Company's issued share capital.

 

For further information, please contact:

 HeiQ Plc                                          +41 56 250 68 50

 Carlo Centonze (CEO)
 Cavendish Securities plc (Broker)                 +44 (0) 207 397 8900

 Stephen Keys / Callum Davidson
 SEC Newgate (Media Enquiries)                     +44 (0) 20 3757 6882

 Elisabeth Cowell / Molly Gretton / Tom Carnegie   HeiQ@s (mailto:HeiQ@secnewgate.co.uk) ecnewgate (mailto:HeiQ@secnewgate.co.uk)
                                                   .co.uk (mailto:HeiQ@secnewgate.co.uk)

 

About HeiQ

HeiQ is a Swiss-based international company that innovates pioneering and
differentiating materials in partnership with established global brands. We
bridge the academic and commercial worlds to conceive performance-enhancing
materials and technologies, working with aligned brands to research,
manufacture and bring products to market, aiming for lab to consumer in
months. Our goal is to improve the lives of billions by innovating the
materials that go into everyday products, making them more hygienic,
comfortable, protective, and sustainable.

Our strong IP portfolio positions us as an innovation leader for niche,
premium and high-margin products in the textile chemicals, man-made fibers,
paints and coatings, antimicrobial plastics, probiotics and household cleaner
markets. We have also expanded into healthcare facilities, probiotic cleaning,
and hygiene coatings markets to help make hospitals and healthcare
environments more hygienic.

We have developed over 200 technologies in partnership with 300 major brands.
With a substantial research and development pipeline, including key technology
development projects HeiQ AeoniQ, HeiQ ECOS, HeiQ GrapheneX, and HeiQ Synbio,
HeiQ aims to deliver shareholder value through sales growth and entry into new
lucrative markets through disruptive innovation and M&A.

We have built a strong reputation for ESG & sustainable innovation, having
won multiple awards including the Swiss Technology Award twice and the Swiss
Environmental Award. Under experienced leadership, we are committed to driving
our profit in close connection with people and the planet. For more
information, please visit www.heiq.com.

 

 

 

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