Closing details HyGear/Xebec transaction
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ARNHEM, Netherlands, Dec. 30, 2020 /PRNewswire/ --
With reference to the press release dated December 8, 2020 announcing that HyGear's shareholders had entered into an agreement (the "Agreement") for the company to be acquired by Xebec Adsorption Inc. (TSXV: XBC), a global provider of clean energy solutions from Montreal, Canada., HyGear now provides further details on the closing of the transaction.
December 31
st, 2020 is the last trading date of depository receipts and warrants in HyGear on NPEX
Taken into consideration that all conditions precedent to closing are fulfilled, the closing of the transaction is scheduled to occur on December 31, 2020 (the "Closing"). December 31, 2020 will therefore be the last trading date, following which HyGear's parent company, Green Vision Holding's ("HyGear") depository receipts (the "Depository Receipts" (ISIN code NL0012751218) as well as the warrants (ISIN code NL0013649643) will be delisted from the NPEX stock exchange. Anyone holding Depository Receipts at close of trading on December 31, 2020 will be entitled to the purchase price received by Stichting Administratiekantoor HyGear in proportion to the number of Depository Receipts it holds at Closing (its "Interest") and subject to the below.