Exhibit 99.1
Allego N.V. Announces Completion of Exchange Offer and Consent Solicitation and Notice to Exercise Right to Exchange
Remaining Outstanding Warrants
Arnhem, Netherlands October 3, 2023 Allego N.V. (NYSE: ALLG) (Allego or the
Company) today announced the completion 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 (the NYSE) under the symbol ALLG.WS
(the Warrants) to purchase Ordinary Shares. The Company issued 2,996,918 Ordinary Shares in exchange for the Warrants tendered in the Offer.
The Company also entered into the related amendment to the warrant agreement governing the warrants (the Warrant Amendment) and announced
that it will exercise its right, in accordance with the terms of the Warrant Amendment, to exchange all remaining untendered Warrants at an exchange ratio of 0.207 Ordinary Shares for each Warrant. The Company will fix the date for such exchange as
October 18, 2023.
As a result of the completion of the Exchange Offer and the upcoming exchange for the remaining untendered Warrants, no Warrants
will remain outstanding. Accordingly, the Warrants are expected to be suspended from trading on the NYSE on October 17, 2023, and will be delisted. The Ordinary Shares will continue to be listed and trade on the NYSE under the symbol ALLG.
The Company engaged BofA Securities, Inc. as the dealer manager for the Offer and Consent Solicitation. D.F. King & Co., Inc. served as the
Information Agent for the Offer and Consent Solicitation, and Continental Stock Transfer and Trust Company served as the Exchange Agent.
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 and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside
Allegos control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) changes adversely