Shareholders DPA adopt all resolutions related to the recommended public offer by New Horizons
16 Juillet 2021 - 6:00PM
Shareholders DPA adopt all resolutions related to the recommended
public offer by New Horizons
This is a press release by DPA Group N.V. (“DPA”) in connection
with the public offer by New Horizons Holding B.V (the “Offeror”),
ultimately owned and/or managed by Gilde Equity Management (GEM)
Benelux Partners B.V., for all the issued and outstanding ordinary
shares in the capital of DPA launched on 1 March 2021 (the
“Offer”). This announcement does not constitute an offer, or any
solicitation of any offer, to buy or subscribe for any securities.
Any offer will be made only by means of the offer memorandum
approved by the Dutch Authority for the Financial Markets
(Autoriteit Financiële Markten) on 1 June 2021 (the “Offer
Memorandum”). This announcement is not for release, publication or
distribution, in whole or in part, in or into, directly or
indirectly, any jurisdiction in which such release, publication or
distribution would be unlawful. Capitalized terms used but not
defined in this press release will have the meaning given thereto
in the Offer Memorandum.
Amsterdam, 16 July 2021
Today, 16 July 2021, DPA Group N.V. (“DPA”) held an
extraordinary general meeting of shareholders (“EGM”) to explain
and discuss the recommended public offer by New Horizons Holding
B.V (the “Offeror”), ultimately owned and/or managed by Gilde
Equity Management (GEM) Benelux Partners B.V. At the EGM, all
resolutions were adopted. The conditional resolutions take effect
at the settlement of the offer.
Bart-Jan van Genderen, Chairman of the Supervisory Board: “With
the shareholders at the EGM agreeing to these resolutions and
almost 85% of the shares already directly owned or irrevocably
committed, we are nearing the successful closing of this
transaction. This is important news for all shareholders still
considering tendering their shares. We anticipate closing of the
transaction in Q3 2021, as planned.”
The resolutions related to the public offer include the
Conditional Asset Sale and Liquidation, the conditional conversion
and amendment of the Articles of Association of DPA, the
conditional appointment of Mr B. Glas, Mr G. Nordemann and Mr M.
Beelen as members of the Supervisory Board and the conditional
granting of full and final discharge from liability to all
resigning members of the Supervisory Board.
Because the Asset Sale and Liquidation Resolution has been
adopted, the minimum Acceptance Threshold has been lowered from 95%
to 80%. Reference is made to section 5.11.3 of the Offer
Memorandum.
The EGM presentation as well as the voting results can be found
on DPA’s website. DPA and the Offeror continue to work
constructively to satisfy the other offer conditions and are making
timely progress, anticipating that the Offer Period closes on 28
July 2021 and Settlement of the Offer will take place at the
beginning of August 2021, as planned. Reference is made to the
Offer Memorandum for instructions on the tendering process for
Shareholders.
For more information:CFF CommunicationsUneke
Dekkers+31 (0)6 50 26 16 26
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the Netherlands. These services are a value add solution for any
organization looking for professionals with specialized knowledge
and skills at short notice. Our employees use this experience to
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develop their knowledge and skills on an ongoing basis, our clients
value us as a proactive knowledge partner that always provides them
with the specialist expertise they need with effective solutions to
future challenges. Further information is available
at www.dpa.nl