Allego Completes Warrant Exchange Offer and Consent Solicitation

Electric vehicle charging solutions provider, Allego N.V. (NYSE:ALLG), recently announced the completion and results of its warrant exchange offer and consent solicitation. The offer, which involved the company’s outstanding warrants for the purchase of ordinary shares valued at €0.12 each, expired at midnight Eastern Time on Thursday.

According to the company’s records, approximately 94.3% of the outstanding warrants, totaling 13,015,201, were validly tendered and not withdrawn prior to the expiration. Allego expects to accept all validly tendered warrants for exchange and settlement by October 3, 2023.

The company plans to conduct the Warrant Amendment simultaneously with the settlement of the Exchange Offer. Following this process, Allego anticipates exercising its right under the terms of the Warrant Amendment to exchange all remaining untendered Warrants for shares of its Ordinary Shares, meaning no Warrants will remain outstanding.

Additionally, Allego confirmed that its Registration Statement on Form F-4, which was filed with the Securities and Exchange Commission to register the Company’s Ordinary Shares available in the Exchange Offer, was declared effective on Thursday. BofA Securities, Inc. acted as the dealer manager for the Exchange Offer and Consent Solicitation.