Business Daily Media

Vectron Systems AG: Business Combination with the Shift4 group to be completed, Delisting planned

MÜNSTER, GERMANY - EQS Newswire - 14 June 2024 - The business combination of Vectron Systems AG ("Vectron") with the Shift4 group ("Shift4") announced on 1 June 2024 was previously subject to the condition that Shift4 succeeds in acquiring a total of at least 70% of Vectron's shares (including the shares from the planned capital increase).
Shift4 has declared today that it waives this condition, respectively that the condition is deemed to be fulfilled because the 70% threshold is nearly met. This means not only that the acquisition of approximately 41.4% of Vectron's share capital from the current CEO Thomas Stümmler and a company controlled by him will be completed, but also that the agreed Business Combination Agreement is finally binding and that the 10% capital increase from authorized capital will be subscribed by Shift4 and completed. The condition is also no longer relevant for the current tender offer for all Vectron shares at an offer price of EUR 10.50 per Vectron share. Following the tender offer a de-listing of the Vectron-share is envisaged with short notice.

IR contact:
Meister Consulting GmbH
Tobias Meister
Im Schling 3
59955 Winterberg
Tel.: +49 (0) 2983 908121
Mob.: +49 (0) 170 2939080
E-Mail: meister@meisterconsult.com

Hashtag: #Vectron

The issuer is solely responsible for the content of this announcement.

News from Asia

Ascott activates Citadines brand experience via inaugural global partnership with ClassPass to provide enhanced access to world's largest fitness platform

Guests can also look forward to refreshing ways to enjoy their favourite cuppa under Citadines brand signature ‘For the Love of Coffee’ SINGAPORE - Media OutReach Newswire - 1 October...

Siam Piwat Celebrates 12 Years of Creative Partnership With Thawan Duchanee

BANGKOK, THAILAND - Media OutReach Newswire - 1 October 2024 - In commemoration of the 10th anniversary of Thawan Duchanee Day on 27 September 2024, Siam Piwat Group is proud to present the exhib...

Top CEOs navigate global turbulence by betting big on AI, says KPMG

Tenth anniversary of the KPMG CEO Outlook shows that despite CEO confidence in the growth prospects of the economy declining since 2015, 72 percent of CEOs remain confident...

ISCA Partners COC to Launch New AML and CFT Initiatives to Enhance Charities Sector’s Financial Governance and Resilience

SINGAPORE - Media OutReach Newswire - 2 October 2024 - Minister for Culture, Community and Youth and Second Minister for Law Edwin Tong announced that the Institute of Singapore Chartered Accounta...

Trend Micro Warns Devices and Accounts are Highest-Risk Assets

Cyber Risk Report highlights critical vulnerability, offers new ways to prioritize risk management HONG KONG SAR - Media OutReach Newswire - 2 October 2024 - Trend Micro Incorporated (TYO: 4704; ...

"Panda’s World" Photography Exhibition of Giant Pandas Grandly Opens in Paris, France

PARIS, FRANCE - Media OutReach Newswire – 2 October 2024 - On September 24, 2024, the third stop of the cultural exchange event featuring Panda Wandering, "Panda's World" photography exhibition o...

Caladan Announces Options and Structured Products Desk

SINGAPORE - Media OutReach Newswire - 2 October 2024 - Leading digital asset trading group Caladan is proud to announce the opening of its over-the-counter crypto options desk to offer crypto stru...

Novo Nordisk Gulf receives prestigious Best Places to Work Certification in Kuwait, Qatar, Bahrain, and Oman for 2024

KUWAIT CITY, KUWAIT - Media OutReach Newswire - 2 October 2024 – Novo Nordisk Gulf, a leading global healthcare company, has been recognized as one of the Best Places to Work for 2024 acro...

Graphisoft introduces 2024 product lineup

Archicad users can design sustainable and better-performing buildings in less time with intelligent digital design solutions SINGAPORE - Media OutReach Newswire - 3 October 2024 - Graphisoft, th...

One Futureworld Unveils Bose QuietComfort Earbuds: Premium Quality Lifestyle Earbuds Meet Down-to-Earth Price

SINGAPORE – Media OutReach Newswire - 26 September 2024 – One Futureworld, Bose’s Authorised Distributor in Singapore, is proud to announce the launch of the highly anticipated new Bose QuietComfo...

Importance Of Clotheslines In Every Home

As technology continues to advance, some household chores have become easier and more convenient. However, drying clothes still remains a task tha...

Property

How a business plan with financial forecasts helps entrepreneurs

A business plan with financial forecasts is an essential tool for entrepreneurs as it provides a roadmap for the future of their business and helps ...

Business Training

$26M Estate in Southampton Now Available for Sale on Gin Lane

With easy access to the historic village's Main Street and Job Lane, which features fine restaurants, designer boutiques and fine-art galleries, sum...

Property

Living in Central Coast NSW: Pros and Cons

Central Coast NSW is one of the most beautiful regions in Australia, with stunning beaches, national parks, and a laid-back lifestyle. However, li...

Property

3 Cost Effective Improvements Before Selling Your Home

If you are planning to sell your home soon, firstly you have picked a perfect time to sell. In the US, the market value of an average home continu...

Property

Top 10 Remote Team Collaboration Tools

The coronavirus pandemic forced many employees to work from home, and consequently, become remote workers. Fortunately, technological innovations ...

Business Training