GeoJunxion announces the release of an updated Fairness Opinion on the intended sale of its business
04 Dezembro 2023 - 4:00PM
GeoJunxion announces the release of an updated Fairness Opinion on
the intended sale of its business
Capelle aan den IJssel, The Netherlands, 4
December 2023 - GeoJunxion announces the release of
an updated Fairness Opinion issued by Grant Thornton on the
intended sale of its business at a price of EUR 1.10 per
outstanding listed share. This opinion concludes that, subject to
certain qualifications and limitations, “the Offer Price received
is fair from a financial point of view.”
After the publication of the transaction on 27
October 2023, the Supervisory Board, together with the Management
Board, have requested Grant Thornton to prepare an update of their
initial fairness opinion previously issued on 4 August 2023. An
update was deemed appropriate to ensure that (i) the updated offer
price of EUR 1.10 per outstanding Listed Share, (ii) the
deterioration in the economic environment (following interest hikes
announced by the ECB), (iii) lower business valuations, and (iv) a
slow-down in the company’s business indicated in the latest
financial results and updated outlook, are reflected in the updated
Fairness Opinion.
The full Fairness Opinion is published on the
company’s website, at the Investor Information section
https://www.geojunxion.com/financial/. We invite our shareholders
and other interested parties to review this document and take note
of its content, qualifications and limitations under which Grant
Thornton reached its conclusion: “Based on and subject to the
foregoing, Grant Thornton has, in the Fairness Opinion dated 1
December 2023, come to the following conclusion: the Offer Price
received is fair from a financial point of view as per September
30, 2023.”
Capelle aan den IJssel, the Netherlands, 4
December 2023
The Management Board and the Supervisory Board
of GeoJunxion N.V.
This is a public announcement by GeoJunxion
N.V., pursuant to article 17, paragraph 1 of the European Market
Abuse Regulation (596/2014). This public announcement does not
constitute an offer, or solicitation of an offer, to buy or offer
securities in GeoJunxion N.V.
GeoJunxion NV Head Office - Rivium
Quadrant 75 - 2909 LC Capelle aan den IJssel - The Netherlands
- Phone: 31 (0)10 885 1200 - Fax: 31 (0)10 885 1230
- www.geojunxion.com
- 20231204 - EGM Updated fairness opinion (ENG version)
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