RESULTS OF THE INITIAL ACCEPTANCE PERIOD OF THE MANDATORY TAKEOVER BID FOR AKKA TECHNOLOGIES – REOPENING OF THE BID AS A SIMPLIFIED SQUEEZE-OUT
The Adecco Group announces today that during the initial acceptance period of the previously announced mandatory takeover bid for AKKA Technologies, 9,319,130 shares (representing 90.79% of the shares to which the bid relates) were tendered.
The initial acceptance period of the bid launched by Adecco Group’s wholly owned subsidiary, Modis International AG (“Modis” or the “Bidder”) for AKKA Technologies SE (“AKKA”) (the “Bid”) ended on 13 April 2022. In addition to shares, 1,652 convertible bonds (representing 94.40% of the outstanding convertible bonds, to which the bid relates) were tendered into the Bid.
As a result, the Adecco Group will hold a total of 96.97% of the outstanding shares and 94.40% of the outstanding convertible bonds issued by AKKA.
The payment of the bid price is expected to take place on or about 21 April 2022.
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About the Adecco Group
The Adecco Group is the world’s leading talent advisory and solutions company. We believe in making the future work for everyone, and every day enable more than 3.5 million careers. We skill, develop and hire talent in 60\ countries, enabling organisations to embrace the future of work. As a Fortune Global 500 company, we lead by example, creating shared value that fuels economies, and builds better societies. Our culture of inclusivity, fairness and teamwork empowers our employees.
The Adecco Group is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).