HONG KONG, Dec. 23, 2020 /PRNewswire/ -- Wanda Sports & Media (Hong Kong) Holding Co.
Limited (the "Purchaser") today announced the launch of its
offer (the "Offer") to acquire all of the issued and
outstanding class A ordinary shares of Wanda Sports Group Company
Limited (the "Company" or "Wanda Sports Group"), no
par value (the "Class A Ordinary Shares"), including all
Class A Ordinary Shares represented by American depositary shares
of the Company ("ADSs," with every two ADSs representing
three Class A Ordinary Shares). The ADSs are listed on the Nasdaq
Global Select Market and trade under the symbol "WSG."
The Purchaser is offering $1.70 in
cash per Class A Ordinary Share, or $2.55 in cash per ADS, without interest, upon the
terms, and subject to the conditions, set forth in the offer to
purchase (the "Offer to Purchase") and the related letters
of transmittal for Class A Ordinary Shares and ADSs. The Offer
commenced today and will expire at 5:00
p.m., New York City time,
on January 29, 2021 (as it may be
extended as set forth in the Offer to Purchase).
The purpose of the Offer is to acquire a sufficient number of
Class A Ordinary Shares (including Class A Ordinary Shares
represented by ADSs) such that there are fewer than 300 holders of
Class A Ordinary Shares of record, thereby allowing the Company to
deregister its Class A Ordinary Shares under Section 12(g)(4) of
the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and suspend its reporting obligations under the Section
15(d) of the Exchange Act.
Further detail around the Offer can be found in the Offer to
Purchase. If you have questions about the Offer, you may call
the information agent for the Offer, MacKenzie Partners, Inc, toll
free at (800) 322-2885 for assistance. Banks and brokers may call
(212) 929-5500. American Stock Transfer & Trust Company, LLC
will act as tender agent for the Offer.
CAUTIONARY NOTE
This news release contains forward-looking statements,
including statements relating to the Offer (as described in the
Offer to Purchase and other matters that are not historical
facts). Statements in this
news release that relate to future results and events are
forward-looking statements based on the Purchaser's current plans
and expectations and are subject to a number of risks and
uncertainties, including risks and uncertainties with respect to
the Purchaser, the Company or the Offer that could cause actual
results to differ materially from those described in these
forward-looking statements.
This news release is for
informational purposes only and is neither the Offer to Purchase
nor a substitute for the Offer materials
that Purchaser has filed as a part of a Schedule TO with
the U.S. Securities and Exchange Commission ("SEC") in relation to
the Offer (the "Schedule TO"). The Offer will only be made pursuant
to the Offer to Purchase, the letters of transmittal and related
documents filed as a part of the Schedule TO. INVESTORS AND
SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ OFFER MATERIALS
CAREFULLY AND IN THEIR ENTIRETY (AS THEY MAY BE AMENDED FROM TIME
TO TIME), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and security holders of the Company may obtain a free
copy of these materials and other documents filed with the SEC at
the website maintained by the SEC at www.sec.gov.
About Wanda Sports & Media
(Hong Kong) Holding Co. Limited
Wanda Sports & Media (Hong
Kong) Holding Co. Limited is a privately held company, organized
and existing under the laws of Hong
Kong, and an indirect wholly-owned subsidiary of Wanda
Culture Holding Co., Ltd., a limited liability company incorporated
under the laws of the People's Republic
of China. Wanda Culture Holding Co., Ltd. is ultimately
controlled by Mr. Jianlin Wang, its
chairman and president.
About Wanda Sports Group
Wanda Sports Group is a leading global sports events, media and
marketing platform with a mission to unite people in sports and
enable athletes and fans to live their passions and dreams. Through
its businesses, including Infront
and the Wanda Sports China, Wanda Sports
Group has significant intellectual property rights,
long-term relationships and broad execution capabilities, enabling
it to deliver unrivalled sports
event experiences, creating access to engaging content and building
inclusive communities. Wanda Sports Group offers a comprehensive
array of events, marketing and media services through three primary
segments: Mass Participation,
Spectator Sports and Digital,
Production, Sports Solutions (DPSS). Wanda
Sport Group's full-service
platform creates value for its partners and clients as well as
other stakeholders in the sports ecosystem, from rights owners, to
brands and advertisers, and to fans and athletes.
Headquartered in China, Wanda Sports Group has
more than 48 offices in 16 countries with over 1,000 employees
around the world. For more information, please visit http://investor.wsg.cn/investor-relations.
For investor and media inquiries, please contact:
Mr. YANG Zhuo
Global Communications Officer, Wanda
Group
Email: yangzhuo7@wanda.cn
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SOURCE Wanda Sports & Media
(Hong Kong) Holding Co. Limited