A Major Stride Forward: Aquis Exchange PLC Sees All Conditions for Takeover Satisfied

In an electrifying development in the finance world, Aquis Exchange PLC has announced that all conditions barring its acquisition by the SIX Exchange Group AG have been satisfied. This confirmation puts the deal on robust footing, paving the way for the next stages. On 11th November 2024, Aquis and SIX Exchange Group, in an ambitious move, announced a recommended cash offer deal for whole issued and projected share capital of Aquis. This transaction was to be effected by means of a scheme of arrangement under part 26 of the UK Companies Act 2006. All terms of this proposed acquisition were approved by the requisite majorities during a court meeting and General meeting held on 20th December 2024. The acquisition was subject to certain conditions including receipt of antitrust and regulatory approvals. Breaking with warp speed, Aquis and SIX are thrilled to confirm that these conditions have been satisfied, or where possible, waived. This approval does not end the regulation roadmap. The scheme is still subject to further conditions, such as the sanction by the Court at the Sanction Hearing and the delivery of a copy of the Court Order to the Registrar of Companies. Aquis anticipates the Sanction Hearing on 30th June 2025. Following this, delivery of the Court Order to the Registrar of Companies, and the satisfaction of remaining general conditions, the scheme is expected to become effective on 1st July 2025. This will see the suspension and cessation of all Aquis shares dealings on AIM and on the Aquis Stock Exchange from the morning of 1st and 2nd July 2025 respectively This daring venture shows promise in revamping and refreshing the financial space, as we keenly anticipate its final effects.