Neways receives indicative proposal from VDL Groep
Son (The Netherlands), 30 April 2021 – Neways Electronics International N.V. (Euronext Amsterdam: NEWAY) (“Neways”) has received from VDL Groep B.V. (“VDL”), a large shareholder in Neways, a non-binding conditional indicative proposal to acquire all outstanding shares in the capital of Neways. The indicative offer price is EUR 12.50 (cum dividend) in cash for each Neways share.
Consistent with their fiduciary duties, the Board of Directors and the Supervisory Board of Neways will carefully analyse and consider the proposal. In doing so they will give due consideration to the interests of all stakeholders, including the other shareholders. In order to be able to better evaluate the indicative proposal, Neways enters into talks with VDL. At this time it is uncertain whether any talks will lead to a conditional agreement regarding a public offer for all outstanding shares in the capital of Neways and, if so, at what price and under which conditions.
Further publications will be issued if and when required.