Brief: Sidetrade To Acquire Majority Stake In SHS Viveon

SHS Viveon AG

16/04/2024 07:16

April 16 (Reuters) - Sidetrade SA  ALBFR.PA :
    * TO ACQUIRE A MAJORITY STAKE OF SHS VIVEON AG, A LEADING
GERMAN
ORDER-TO-CASH SOFTWARE COMPANY
    * TO ACQUIRE MORE THAN 50% OF ALL OUTSTANDING SHARES IN SHS
VIVEON
AG AT A PRICE OF EUR 3.00 PER SHARE
    * INTENTION TO ACQUIRE IS 1,462,489 SHARES, REPRESENTING
58.73% OF
OUTSTANDING SHARE CAPITAL OF SHS VIVEON AG
    * UPON COMPLETION, SIDETRADE WOULD BECOME MAJORITY
SHAREHOLDER OF
SHS VIVEON AG
    * WOULD TAKE APPROPRIATE MEASURES TO DELIST SHS VIVEON'S
SHARES
FROM PUBLIC TRADING
    * IN ADDITION, CONSIDERING LAUNCHING PUBLIC TENDER OFFER TO
ACQUIRE REMAINING SHARES OF SHS VIVEON AG ALSO AT EUR 3.00 PER
SHARE
    * PRICE OF EUR 3.00 PER SHARE REPRESENTS A 53% PREMIUM OVER
1-YEAR
VWAP (VOLUME-WEIGHTED AVERAGE PRICE) OF SHS VIVEON AG (EUR 1.96
PER SHARE) AS OF APRIL 15, 2024

Source text for Workspace:  ID:nGNEbcpdgj 
Further company coverage:  ALBFR.PA 

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