Exhibit 99.1
Allego N.V. Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Warrants
Arnhem, Netherlands September 29, 2023 Allego N.V. (NYSE: ALLG) (Allego or the Company)
announced today the expiration and results of its previously announced exchange offer (the Exchange Offer) and consent solicitation (the Consent Solicitation) relating to its outstanding warrants to purchase
ordinary shares of the Company, nominal value 0.12 per share (the Ordinary Shares), which warrants trade on the New York Stock Exchange under the symbol ALLG.WS (the Warrants). The
Exchange Offer and Consent Solicitation expired at Midnight (end of day), Eastern Time, on September 28, 2023.
Allego has been advised that
13,015,201 Warrants, or approximately 94.3% of the outstanding Warrants, were validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer and Consent Solicitation. Allego expects to accept all validly tendered warrants
for exchange and settlement on or before October 3, 2023.
In addition, pursuant to the Consent Solicitation, the Company received the approval of
approximately 94.3% of the outstanding Warrants to the amendment to the warrant agreement governing the warrants (the Warrant Amendment), which exceeds 50% of the outstanding Warrants required to effect the Warrant Amendment. The
Warrant Amendment would permit the Company to require that each Warrant that is outstanding upon settlement of the Exchange Offer be converted into 0.207 Ordinary Shares, which is a ratio 10% less than the exchange ratio applicable to the Exchange
Offer.
Allego expects to execute the Warrant Amendment concurrently with the settlement of the Exchange Offer, and thereafter, expects to exercise its
right in accordance with the terms of the Warrant Amendment, to exchange all remaining untendered Warrants for shares of the Companys Ordinary Shares, following which, no Warrants will remain outstanding.
The Company also announced that its Registration Statement on Form F-4 filed with the Securities and Exchange
Commission (the SEC) registering the Companys Ordinary Shares issuable in the Exchange Offer was declared effective by the SEC on September 28, 2023.
BofA Securities, Inc. was the dealer manager for the Exchange Offer and Consent Solicitation.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the securities described
herein and is also not a solicitation of the related consents. The Exchange Offer and Consent Solicitation were made only pursuant to the terms and conditions of the Prospectus/Offer to Exchange.
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About Allego
Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy.
Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of almost 35,000 charging ports (and counting) spanning 15 countries,
Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Founded in 2013 and publicly listed on the NYSE in 2022, Allego now employs a team of 220 people striving every day to make
charging accessible, sustainable, and enjoyable for all.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are forward-looking statements within the meaning of U.S. federal
securities laws. Forward-looking statements may generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, intend,
expect, should, would, plan,, project, forecast, predict, potential, seem, seek, future, outlook,
target or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include,
without limitation, Allegos expectations with respect to future performance. These forward-looking statements involve significant risks