Meridiam to lanuch tender offer for Allego shares not owned

Allego and Meridiam have entered into a definitive agreement pursuant to which Meridiam will launch a tender offer for all issued and outstanding ordinary shares of Allego not owned by Meridiam or its affiliates, followed by Allego’s voluntarily delisting of its ordinary shares from the New York Stock Exchange after completion of the offer ;The tender offer price of USD 1.70 per ordinary share in cash, without interest represents a premium of 131% to Allego’s closing price of USD 0.74 on 14 June 2024 ;Shareholders that do not elect to tender their ordinary shares will remain investors in the delisted Company ;Neither the tender offer nor the completion of the other parts of the transaction are contingent on any minimum number of ordinary shares in the capital of Allego being tendered and are not subject to any financing or regulatory approval conditions; As part of the transaction, Meridiam reaffirms its commitment to the long-term interests of Allego and its business. It reiterates its support for Allego’s existing strategy and commits to make available to Allego an amount of EUR 46 million in order to develop, operate and maintain charging sites in Germany and, once delisted, an additional amount of EUR 310 million of new equity-like capital to support Allego’s growth…The independent members of Allego’s board have unanimously approved the transaction, and have determined that the transaction is in the best interests of Allego and its business and promotes the sustainable success and the sustainable long-term value creation of its business, having taken into account the interests of Allego’s stakeholders…