Result of the mandatory public takeover bid for the shares of Alteo Plc.
The procedure for the mandatory public takeover bid for the shares of ALTEO Plc. made by MOL RES Investments Zrt., a company that is solely owned and controlled by MOL, as a designated offeror (the „Offeror”) has ended on 13 March 2023.
MOL Plc. ("MOL") hereby notifies market participants on the following:
The procedure for the mandatory public takeover bid for the shares of ALTEO Plc. made by MOL RES Investments Zrt., a company that is solely owned and controlled by MOL, as a designated offeror (the „Offeror”) has ended on 13 March 2023.
The Offeror, Főnix Private Equity Fund and Riverland Private Equity Fund (collectively the "Contracting Parties") entered into an Acting in Concert Agreement on 16 December 2022, which was amended on 2 February 2023. Pursuant to Section 68 (3) of the Act CXX of 2001 on the Capital Market (hereinafter the “Tpt.”), the Contracting Parties have appointed the Offeror to make the mandatory public takeover bid.
A total of 2,438,442 common shares of ALTEO Plc. was offered by shareholders to the Offeror during the mandatory public takeover bid procedure which represents 12.237% voting rights in Alteo Plc.
The Bidder has also received the last merger control approval from the relevant competition authorities set out in the mandatory public takeover bid on 13 March 2023. Therefore, the date of competition clearance as specified in the mandatory public takeover bid has also occurred on 13 March 2023.
In view of the above, the share sale and purchase agreements under the mandatory public takeover bid were concluded on the closing date of the takeover bid period, i.e., 13 March 2023. The Offeror will pay the consideration for the shares offered within the deadline specified in the mandatory public takeover bid.
In view of the above, the mandatory public takeover bid procedure endedsuccessfully, as a result of which and subject to the completion of the transactions referred to in Section 2.5.2 of the mandatory public takeover bid, the Offeror will acquire 4,902,536 shares, the Főnix Private Equity Fund will acquire 4,902,535 shares and the Riverland Private Equity Fund will acquire 4,902,535 shares, by which the influence of the Contracting Parties in ALTEO Plc. will increase from 9.993% to 73.812%, of which the direct influence of the Offeror will increase from 3.331% to 24.604%, the direct influence of the Főnix Private Equity Fund will increase from 3.331% to 24.604% and the direct influence of the Riverland Private Equity Fund will increase from 3.331% to 24.604%.