CORRECTING and REPLACING: Europcar Mobility Group: Filing of the Proposed Tender Offer for the Company’s Shares by the Consortium Led by Volkswagen
21 September 2021 - 11:10AM
Business Wire
Regulatory News:
Europcar Mobility Group (Paris:EUCAR):
This press release replaces the one published on September 20 at
6:34 p.m. due to the following corrections: link inserted in the
text to page of the Investors site not active.
Europcar Mobility Group: Filing of the
Proposed Tender Offer for the Company’s Shares by the Consortium
Led by Volkswagen
As announced on July 28, 2021, Green Mobility Holding SA, a
special-purpose company controlled by a consortium led by
Volkswagen Group and also consisting of Attestor Capital LLP and
Pon Holdings BV, has filed today a cash tender offer at a price of
€0.50 per share, plus a potential earn-out of €0.01 per share if
the 90% squeeze-out threshold is reached at the end of the offer
(including dividends), for the Company’s securities (the “Offer”).
This filing has been the subject of a notice of the Autorité des
marchés financiers (AMF) No. 221C2447 dated this day, available on
the AMF’s website (https://www.amf-france.org/fr). The draft Offer
remains subject to the review by the AMF.
On September 17, 2021, the Company’s board of directors, in its
reasoned opinion on the Offer, unanimously determined that the
Offer is in the best interests of the Company, its shareholders,
employees and other stakeholders and recommended that the Company’s
shareholders tender their shares to the Offer.
This opinion was given after examination of the report of the
independent expert appointed by the board of directors (Ledouble),
which concluded that the financial terms of the Offer were fair,
and on the recommendation of the ad hoc committee composed of a
majority of independent directors.
The draft offer document of Green Mobility Holding as well as
the Company’s draft response document to the Offer, containing in
particular the reasoned opinion of the board of directors and the
report of the independent expert, have been the subject of specific
press releases and are available on the AMF’s website and on the
websites of the Volkswagen Group and of the Company
(https://investors.europcar-group.com/tender-offer),
respectively.
About Europcar Mobility Group
Europcar Mobility Group is a major player in mobility markets
and listed on Euronext Paris. Europcar Mobility Group’s purpose is
to offer attractive alternatives to vehicle ownership, in a
responsible and sustainable manner. With this in mind, the Group
offers a wide range of car and van rental services – be it for a
few hours, a few days, a week, a month or more – with a fleet that
is already "C02 light", equipped with the latest engines, and which
will be increasingly "green" in the years to come (more than 1/3
electric and hybrid vehicles by 2023).
Customers’ satisfaction is at the heart of the Group’s ambition
and that of its employees. It also fuels the ongoing development of
new offerings in the Group's three service lines - Professional,
Leisure and Proximity - which respond to the specific needs and use
cases of both businesses and individuals. The Group’s 4 major
brands are: Europcar® - the European leader of car rental and light
commercial vehicle rental, Goldcar® - the low-cost car-rental
Leader in Europe, InterRent® – ‘mid-tier’ car rental and Ubeeqo® –
one of the European leaders of round-trip car-sharing (BtoB, BtoC).
Europcar Mobility Group delivers its mobility solutions worldwide
through an extensive network in over 140 countries (including
wholly owned subsidiaries – 18 in Europe, 1 in the USA, 2 in
Australia and New Zealand – completed by franchises and
partners).
Further details on our website:
www.europcar-mobility-group.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210921005529/en/
Investor Relations Caroline Cohen –
caroline.cohen@europcar.com
Press Relations Valérie Sauteret –
valerie.sauteret@europcar.com Vincent Vevaud -
vincent.vevaud@europcar.com