Transaction highlights
Recommended all-cash public offer by Offeror for all Shares in ICT Group at an offer price of EUR 14.50 (cum dividend) per Share, representing a total consideration of approx. EUR 140.6 million
The Offer Price represents a premium of approx. 31.8% to the ICT Group closing share price on Thursday 4 March 2021 and a premium of approx. 52.8% to the 6 -month average daily volume weighted share price, delivering immediate, certain and attractive value to ICT Group's shareholders
The Executive Board and Supervisory Board of ICT Group fully support the Transaction and unanimously recommend the Offer
The Consortium comprises of experienced investors and will provide ICT Group with knowledge, expertise and financial backing for investments and acquisitions in accordance with ICT Group’s long-term strategy
The Consortium is committed to support and accelerate ICT Group's strategy of driving organic growth and growth through acquisitions and intends to make equity financing available in the amount of up to EUR 200 million to actively support ICT Group in pursuing add-on acquisitions
The Offeror views the employees of ICT Group as one of the fundamental assets for its current and continued success; existing rights and benefits of ICT Group's employees will be respected
ICT Group's corporate identity, values and culture will be maintained
ICT Group's existing Executive Board, led by CEO Jos Blejie and CFO Jan Willem Wienbelt, will continue to lead the Company
The Consortium has committed equity financing in place providing certain funds and high deal certainty
Teslin, holding approx. 19.3% of the Shares, has irrevocably committed to tender or contribute its Shares to the Offeror, and Mavawe B.V., holding approx. 6.4% of the Shares, has irrevocably committed to tender its Shares under the Offer
Following completion, NPM Capital will hold approx. 83% and Teslin Acquisition approx. 17% in the Consortium
The draft Offer Memorandum will be submitted to the AFM no later than in April 2021, with completion of the Offer anticipated in Q3 of 2021


210305 ICT Group joint press release - Public offer by Consortium led by NPM Capital.pdf
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gesloten op EUR 14,10 +3,10 vol. 324.073