Categories: News

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.

Miscw.com

Recent Posts

Hong Kong High Court Convicts Lai Chee-Ying of Collusion to Endanger National Security

HONG KONG SAR - Media OutReach Newswire - 15 December 2025 - The Court of…

48 minutes ago

Red Bull Malaysia Renews Partnership With 31 Racing, Maju Motor And CKJ Racing As 2025 PETRONAS MAM Malaysian Cub Prix Championship Concludes

Red Bull Malaysia celebrates the teams' outstanding performance at the 2025 PETRONAS MAM Malaysian Cub…

49 minutes ago

“When We March Together”: Youth, Music, and the Future of China–US Relations

BEIJING, CHINA - Media OutReach Newswire - 15 December 2025 - CGTN will release its…

4 hours ago

VinFast officially inaugurates electric vehicle plant in Subang, Indonesia

SUBANG, INDONESIA - Media OutReach Newswire - 15 December 2025 - VinFast officially inaugurated its…

4 hours ago

Fast Track Events and CloudX Entertainment Announce Strategic Partnership to Expand Celebrity and Influencer Amplification for Brands

SINGAPORE - Media OutReach Newswire - 15 December 2025 - Fast Track Events (FTE), a…

6 hours ago

Green GSM officially launches all-electric taxi service in Davao

DAVAO, PHILIPPINES - Media OutReach Newswire - 15 December 2025 - Green GSM has launched…

6 hours ago