RESULTS OF THE SQUEEZE-OUT BID FOR AKKA TECHNOLOGIES – DELISTING
The Adecco Group announces today that during the acceptance period of the squeeze-out bid for AKKA Technologies, 604,672 shares (representing 5.89% of the shares to which the bid relates) were tendered.
Results of the acceptance period of the squeeze-out
The acceptance period of the squeeze-out was opened on 21 April 2022 by Adecco Group’s wholly owned subsidiary, Modis International AG (“Modis” or the “Bidder”) for AKKA Technologies SE (“AKKA”) (’the “Squeeze-out”) and ended on 11 May 2022. In addition to shares, 73 convertible bonds (representing 4.17% of the outstanding convertible bonds to which the bid relates) were tendered into the bid.
All securities not tendered in the squeeze-out are deemed to have been transferred to the Adecco Group via its wholly owned subsidiary Modis, with a consignment of the required funds to pay the bid price for these securities at the Deposit and Consignment Office (Deposito- en Consignatiekas / Caisse des dépôts et consignations).
As such, Modis will acquire all shares and convertible bonds in AKKA.
The payment of the squeeze-out is scheduled to take place on 13 May 2022.
About the Adecco Group
The Adecco Group is the world’s leading talent advisory and solutions company. We believe in making the future work for everyone, and every day enable more than 3.5 million careers. We skill, develop and hire talent in around 60 countries, enabling organisations to embrace the future of work. As a Fortune Global 500 company, we lead by example, creating shared value that fuels economies and builds better societies. Our culture of inclusivity, entrepreneurship and teamwork empowers our 38,000 employees. The Group is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).
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