Success of the Tender Offer Initiated by SVF II STRATEGIC INVESTMENTS AIV LLC, which will hold 71.44% of Balyo’s Share Capital Following the First Offer Period
27 Oktober 2023 - 6:11PM
Business Wire
Regulatory News:
Balyo (Paris:BALYO) and SVF II STRATEGIC INVESTMENTS
AIV LLC announce the results of the tender offer for Balyo’s
securities (the “Offer”) published by the French Autorité
des marchés financiers (“AMF”) following the completion of
the Offer on 25 October 2023.
Results of the Offer
Following the completion of the initial period of the Offer
initiated by SVF II STRATEGIC INVESTMENTS AIV LLC for Balyo
securities, SVF II STRATEGIC INVESTMENTS AIV LLC, a wholly-owned
subsidiary of SoftBank Group Corp (“SBG”), will hold
24,327,057 shares and 6,270 preferred shares representing, after
assimilation of the treasury shares and shares covered by a
liquidity agreement, 71.44% of Balyo’s capital and 71.43% of voting
rights on a non-diluted basis1, and 11,753,581 warrants amounting
to 100% of all of the outstanding warrants. The Offer is therefore
successful.
Balyo and SBG are pleased with the success of this first offer
period. The Board of Directors unanimously issued, on 4 August
2023, a favorable opinion on the Offer, judging it to be consistent
with the interests of the Group, its security holders and its
employees.
The settlement-delivery of the Offer will take place on 3
November 2023.
Reopening of the Offer
In compliance with the articles 232-4 of the AMF’s general
regulations, the Offer will be reopened, from 3 November 2023 until
16 November 2023, upon the same terms and conditions as the first
period of the Offer in particular at the same price, namely €0.85
per share, €0.01 per preferred share and €0.07 per warrant, in
order to allow security holders who have not yet tendered their
securities to do so.
The timetable of the Reopened Offer will be the following:
3 November 2023
Reopening of the Offer and
settlement-delivery of the securities tendered to the first period
of the Offer
16 November 2023
Closing of the Reopened Offer
21 November 2023
Publication of the results of the Reopened
Offer by the AMF
24 November 2023
Settlement-delivery of the securities
tendered to the Reopened Offer
The process for tendering the securities in the Reopened Offer
and the procedure for the centralization of the orders Reopened
Offer will be identical to that of the Offer, it being specified,
however, that orders to tender to the Reopened Offer will be
irrevocable.
If the required conditions are met, the Offeror indicated its
intention to implement a squeeze-out procedure pursuant to Articles
L. 433-4, II of the French Monetary and Financial Code and 237-1
and seq. of the AMF’s General Regulation.
The Offer Document, the Response Document and the results of the
Offer published today by the AMF are available on the websites of
Balyo (www.balyo.com) and of the AMF (www.amf-france.org/en).
About BALYO
Humans around the World deserve enriching and creative jobs. At
BALYO, we believe that pallet movements in DC and manufacturing
sites should be left to fully autonomous robots. To execute this
ambition, BALYO transforms standard forklifts into intelligent
robots thanks to its breakthrough Driven by Balyo™ technology. Our
leading geo guidance navigation system enables robots to locate
their position and navigate autonomously inside buildings - without
the need for any additional infrastructure. To accelerate the
material handling market conversion to autonomy, BALYO has entered
into two global partnerships with KION (Fenwick-Linde's parent
company) and Hyster-Yale Group. A full range of globally available
robots has been developed for virtually all traditional warehousing
applications; Tractor, Pallet, Stackers, Reach and VNA-robots.
BALYO and its subsidiaries in Boston and Singapore serve clients in
the Americas, Europe and Asia-Pacific. The company has been listed
on EURONEXT since 2017 and its sales revenue reached €24.1 million
in 2022. For more information, visit www.balyo.com.
About SoftBank Group The SoftBank Group invests in
breakthrough technology to improve the quality of life for people
around the world. The SoftBank Group is comprised of SoftBank Group
Corp. (TOKYO: 9984), an investment holding company that includes
stakes in AI, smart robotics, IoT, telecommunications, internet
services, and clean energy technology providers; the SoftBank
Vision Funds and SoftBank Latin America Funds, which are investing
more than US$160 billion to help extraordinary entrepreneurs
transform industries and shape new ones. To learn more, please
visit https://group.softbank/en.
Important Information
This press release has been prepared for information purposes
only.
It does not constitute an offer to purchase or a solicitation to
sell Balyo securities in any country, including France. It is not
intended for distribution in any country other than France, except
where such distribution is permitted by applicable laws and
regulations.
The dissemination, publication or distribution of this press
release, as well as the Offer and its acceptance, may be subject to
specific regulations or restrictions in certain countries. The
Offer will not be directed to persons subject to such restrictions,
either directly or indirectly, and may not be accepted from any
country where the Offer would be subject to such restrictions.
Accordingly, persons in possession of this press release are
required to inform themselves about and to observe any local
restrictions that may apply.
Balyo and SoftBank do not accept any liability for any breach of
these restrictions by any person.
1 Calculated on the basis of a share capital composed of
34,356,767 ordinary shares and 8,970 preferred shares deprived of
voting rights and including the assimilation of 34,894 ordinary
treasury shares and 180.000 ordinary shares and 2,700 preferred
shares covered by a liquidity agreement.
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version on businesswire.com: https://www.businesswire.com/news/home/20231027387169/en/
BALYO Frank Chuffart investors@balyo.com
NewCap Financial Communication and Investor Relations Thomas
Grojean / Aurélie Manavarere Phone: +33 1 44 71 94 94
balyo@newcap.eu
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