NEW YORK, May 11, 2021 /PRNewswire/ -- Virgin Group
Acquisition Corp. II (the "Company") announced today that,
commencing May 13, 2021, holders of
the units sold in the Company's initial public offering of
35,000,000 units, completed on March 25,
2021 and the subsequent sale of an additional 5,250,000
units upon full exercise of the underwriter'over-allotment option,
on April 13, 2021, may elect to
separately trade the shares of Class A ordinary shares and warrants
included in the units. Those units not separated will continue to
trade on the New York Stock Exchange ("NYSE") under the symbol
"VGII.U," and the shares of Class A ordinary shares and warrants
that are separated will trade on the NYSE under the symbols "VGII"
and "VGII.WS," respectively. Holders of units will need to have
their brokers contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate the
units into Class A ordinary shares and warrants.
The offering was made only by means of a prospectus, copies of
which may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933
Louis Stephens Drive, Morrisville, North
Carolina 27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
Credit Suisse acted as the sole book-running manager of the
offering. A registration statement relating to the securities has
been declared effective by the U.S. Securities and Exchange
Commission (the "SEC") on March 22,
2021. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Virgin Group Acquisition Corp. II
Virgin Group Acquisition Corp. II was formed for the purpose of
effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company intends to
focus on businesses that operate in one of the Virgin Group's core
sectors: travel & leisure, financial services, health &
wellness, technology & internet-enabled, music &
entertainment, media & mobile and renewable energy/resource
efficiency. The management team includes Sir Richard Branson, founder of the Company, a
renowned global entrepreneur and founder of the Virgin Group and
responsible for the Virgin Group; Josh
Bayliss, the Company's Chief Executive Officer and director,
who is the Chief Executive Officer of the Virgin Group and is
responsible for the Virgin Group's strategic development, licensing
of the brand globally and management of direct investments on
behalf of the Virgin Group in various companies around the world;
and Evan Lovell, the Company's Chief
Financial Officer and director, who is a Chief Investment Officer
of the Virgin Group and is responsible for managing the Virgin
Group's investment team and portfolio in North America.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
prospectus for the Company's offering filed with the SEC. Copies of
these documents are available on the SEC's website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Investor Contact
For inquiries please contact Tamara
Bennett at info-vgacii@vgacquisition.com.
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SOURCE VG Acquisition Corp. II