OboTech Acquisition SE announces details of the redemption process of its public shares
Luxembourg, 5 June 2023
On 5 June 2023, an extraordinary general meeting of the shareholders of OboTech Acquisition SE ("OboTech") approved the opening of the liquidation of OboTech. Following the liquidation approval, OboTech initiated the redemption process of its public shares by instructing the escrow agent to liquidate the escrow account and to distribute the escrow amount. The redemption price will be €10.00 per public share. The disbursement of the redemption price and the redemption of the public shares will occur via the clearing system pursuant to the indicative timetable below.
Indicative Timetable
The timetable below sets forth expected key dates of the redemption process:
Event / Date
Record date for public shareholders to receive redemption price / 9 June 2023
Escrow amount released from escrow account / 12 June 2023
Disbursement of redemption price and redemption of public shares / 13 June 2023
Important Notice
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of OboTech ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of OboTech and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. OboTech undertakes no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. OboTech accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.
v End of Media Release
Issuer: Obotech Acquisition SE
Key word(s): Finance
05.06.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
End of News EQS Media
Luxembourg, 5 June 2023
On 5 June 2023, an extraordinary general meeting of the shareholders of OboTech Acquisition SE ("OboTech") approved the opening of the liquidation of OboTech. Following the liquidation approval, OboTech initiated the redemption process of its public shares by instructing the escrow agent to liquidate the escrow account and to distribute the escrow amount. The redemption price will be €10.00 per public share. The disbursement of the redemption price and the redemption of the public shares will occur via the clearing system pursuant to the indicative timetable below.
Indicative Timetable
The timetable below sets forth expected key dates of the redemption process:
Event / Date
Record date for public shareholders to receive redemption price / 9 June 2023
Escrow amount released from escrow account / 12 June 2023
Disbursement of redemption price and redemption of public shares / 13 June 2023
Important Notice
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of OboTech ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of OboTech and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. OboTech undertakes no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. OboTech accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.
v End of Media Release
Issuer: Obotech Acquisition SE
Key word(s): Finance
05.06.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com Language: English Company: Obotech Acquisition SE 9 rue de Bitbourg L-1273 Luxembourg Luxemburg ISIN: LU2334363566 WKN: A3CM9E Listed: Regulated Market in Frankfurt (General Standard); Luxembourg Stock Exchange EQS News ID: 1649609
End of News EQS Media
