Brief: Vectron Systems Says Entered Into Business Combination Agreement With Shift4 and Resolved 10% Capital Increase

Vectron Systems AG

01/06/2024 02:48

May 31 (Reuters) - Vectron Systems AG  V3SG.DE :
    * EQS-ADHOC: VECTRON SYSTEMS AG: VECTRON ENTERS INTO
BUSINESS
COMBINATION AGREEMENT, RESOLVES 10% CAPITAL INCREASE WITHOUT
SUBSCRIPTION RIGHTS OF THE SHAREHOLDERS AND SUPPORTS VOLUNTARY
PUBLIC ACQUSITION OFFER
    * SUPPORTS VOLUNTARY PUBLIC ACQUSITION OFFER BY SHIFT4 AT A
PRICE
OF EUR 10.50 PER SHARE
    * VECTRON  - SHIFT4 HAS COMMITTED TO LAUNCH, WITHIN SIX
BUSINESS
DAYS, A VOLUNTARY PUBLIC ACQUSITION OFFER FOR ALL OUTSTANDING
SHARES OF VECTRON
    * MANAGEMENT BOARD AND SUPERVISORY BOARD OF VECTRON WELCOME
ATTRACTIVE OFFER PRICE, FULLY SUPPORT TAKEOVER OFFER
    * EXPECT TO RECOMMEND THAT SHAREHOLDERS ACCEPT OFFER.
    * VECTRON SYSTEMS - VECTRON MANAGEMENT BOARD IS TO REMAIN IN
OFFICE, VECTRON IS TO DISTRIBUTE SHIFT4'S PAYMENT PROCESSING
SERVICES IN GERMANY IN FUTURE
    * SHIFT4 HAS FURTHER UNDERTAKEN TO SUBSCRIBE TO A CAPITAL
INCREASE
FROM AUTHORISED CAPITAL BY ISSUING 805,651 NEW SHARES
    * VECTRON HAS UNDERTAKEN TO SUPPORT POSSIBLE STRUCTURAL
MEASURES- 
A DELISTING OF SHARES FROM STOCK EXCHANGE TRADING
    * SUCH DELISTING DOES NOT TRIGGER ANY OBLIGATION OF SHIFT4
TO MAKE
A (FURTHER) PUBLIC OFFER TO ACQUIRE VECTRON SHARES.

Source text for Eikon:  ID:nEQ18SJmfa 
Further company coverage:  V3SG.DE 

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