Allego Announces Final Day of Trading and Continued Commitment to Accelerating EV Adoption in Europe
Allego (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, has announced the completion of its voluntary delisting from the New York Stock Exchange. This follows the conclusion of a tender offer by Madeleine Charging B.V., Allego's majority shareholder. August 22, 2024, marks the final trading day for Allego's shares on the NYSE.
Despite transitioning from public to private status, Allego remains committed to accelerating sustainable e-mobility in Europe. CEO Mathieu Bonnet emphasized the company's continued focus on expanding its EV charging network, enhancing technology platforms, fostering strategic partnerships, and meeting the growing demand for reliable charging solutions. Allego's vision is to lead the electric vehicle charging industry and ensure a seamless charging experience for EV drivers.
Allego (NYSE: ALLG), una delle principali reti pubbliche di caricamento veloce e ultra-veloce per veicoli elettrici in tutta Europa, ha annunciato il completamento del suo delisting volontario dalla Borsa di New York. Questo segue la conclusione di un'offerta di acquisto da parte di Madeleine Charging B.V., azionista di maggioranza di Allego. Il 22 agosto 2024 segna l'ultimo giorno di contrattazione delle azioni di Allego sulla NYSE.
Nonostante la transizione dallo stato pubblico a quello privato, Allego rimane impegnata ad accelerare la mobilità elettrica sostenibile in Europa. Il CEO Mathieu Bonnet ha sottolineato il costante focus dell'azienda sull'espansione della sua rete di ricarica per veicoli elettrici, il miglioramento delle piattaforme tecnologiche, la promozione di partnership strategiche e la soddisfazione della crescente domanda di soluzioni di ricarica affidabili. La visione di Allego è di guidare l'industria della ricarica per veicoli elettrici e garantire un'esperienza di ricarica senza soluzione di continuità per i conducenti di veicoli elettrici.
Allego (NYSE: ALLG), una de las principales redes públicas de carga rápida y ultrarrápida de vehículos eléctricos en toda Europa, ha anunciado la finalización de su deslistado voluntario de la Bolsa de Nueva York. Esto sigue a la conclusión de una oferta pública de adquisición por parte de Madeleine Charging B.V., el principal accionista de Allego. El 22 de agosto de 2024, será el último día de negociación de las acciones de Allego en la NYSE.
A pesar de la transición de un estatus público a privado, Allego sigue comprometida a acelerar la movilidad eléctrica sostenible en Europa. El director ejecutivo Mathieu Bonnet enfatizó el enfoque continuo de la empresa en la expansión de su red de carga de vehículos eléctricos, la mejora de las plataformas tecnológicas, la promoción de asociaciones estratégicas y la satisfacción de la creciente demanda de soluciones de carga confiables. La visión de Allego es liderar la industria de carga de vehículos eléctricos y garantizar una experiencia de carga fluida para los conductores de vehículos eléctricos.
알레고(Allego) (NYSE: ALLG)는 유럽 전역에서 전기차의 고속 및 초고속 충전 네트워크를 이끄는 선도적인 기업으로, 뉴욕 증권 거래소에서의 자발적인 상장 폐지를 완료했다고 발표했습니다. 이는 알레고의 주요 주주인 마들린 차징 B.V.의 청구가 끝난 후 이루어졌습니다. 2024년 8월 22일은 알레고 주식이 NYSE에서 거래되는 마지막 날입니다.
공식적인 상장 폐지에도 불구하고, 알레고는 유럽에서 지속 가능한 전기 이동 수단의 가속화에 전념하고 있습니다. CEO 마튀 보네는 전기차 충전 네트워크 확장, 기술 플랫폼 향상, 전략적 파트너십 촉진 및 신뢰할 수 있는 충전 솔루션에 대한 증가하는 수요 충족에 대한 회사의 지속적인 집중을 강조했습니다. 알레고의 비전은 전기차 충전 산업의 선두주자로 자리잡고 전기차 운전자를 위한 매끄러운 충전 경험을 보장하는 것입니다.
Allego (NYSE: ALLG), un leader européen dans le domaine des réseaux de recharge rapide et ultra-rapide pour véhicules électriques, a annoncé l'achèvement de son retrait volontaire de la Bourse de New York. Cela fait suite à la conclusion d'une offre publique d'achat par Madeleine Charging B.V., l'actionnaire majoritaire d'Allego. Le 22 août 2024 sera le dernier jour de négociation des actions d'Allego sur la NYSE.
Malgré le passage du statut public au statut privé, Allego reste engagée à accélérer la mobilité électrique durable en Europe. Le PDG Mathieu Bonnet a souligné l'accent continu de l'entreprise sur l'expansion de son réseau de recharge pour véhicules électriques, l'amélioration des plateformes technologiques, la promotion de partenariats stratégiques et la satisfaction de la demande croissante de solutions de recharge fiables. La vision d'Allego est de diriger l'industrie de la recharge des véhicules électriques et de garantir une expérience de recharge sans faille pour les conducteurs de véhicules électriques.
Allego (NYSE: ALLG), ein führendes öffentliches schnelles und ultraschnelles Ladesystem für Elektrofahrzeuge in ganz Europa, hat den Abschluss seiner freiwilligen Delistung von der New Yorker Börse bekannt gegeben. Dies folgt auf den Abschluss eines Übernahmeangebots von Madeleine Charging B.V., dem Mehrheitsaktionär von Allego. Der 22. August 2024 ist der letzte Handelstag für die Aktien von Allego an der NYSE.
Trotz des Wechsels vom öffentlichen zum privaten Status bleibt Allego verpflichtet, die nachhaltige Elektromobilität in Europa zu beschleunigen. CEO Mathieu Bonnet betonte den fortwährenden Fokus des Unternehmens auf den Ausbau seines Lade-Netzwerks für Elektrofahrzeuge, die Verbesserung von Technologieplattformen, die Förderung strategischer Partnerschaften und die Erfüllung der wachsenden Nachfrage nach zuverlässigen Ladelösungen. Das Ziel von Allego ist es, die Branche für Elektrofahrzeugladung zu leiten und ein nahtloses Ladeerlebnis für Elektrofahrzeugfahrer zu gewährleisten.
- Completion of voluntary delisting process, potentially streamlining operations
- Continued focus on expanding EV charging network and enhancing technology platforms
- Commitment to fostering strategic partnerships in the EV charging industry
- Delisting from NYSE may reduce liquidity for existing shareholders
- Transition to private status could limit access to public capital markets for future funding
Insights
Allego's delisting from NYSE marks a significant shift in its corporate structure, potentially impacting its financial flexibility and access to capital markets. This move, following a tender offer by its majority shareholder, suggests a strategic realignment towards private ownership. While this could streamline decision-making processes, it may also limit public scrutiny and reduce liquidity for remaining minority shareholders.
The company's commitment to expanding its EV charging network in Europe indicates a focus on long-term growth in a rapidly evolving market. However, the transition to private ownership might affect Allego's ability to raise capital through public markets, potentially impacting its expansion plans. Investors should closely monitor how this change influences Allego's financial strategies and competitive position in the European EV charging landscape.
Allego's delisting occurs amidst a booming European EV market, with charging infrastructure demand surging. This strategic move could allow Allego to pursue aggressive growth strategies without the pressures of quarterly reporting and public market scrutiny. The company's focus on expanding its network and enhancing technology platforms aligns with the projected 40% CAGR in the European EV charging market through 2030.
However, the transition to private ownership may limit Allego's brand visibility and public trust, important factors in the consumer-facing EV charging sector. Competitors might leverage this change to position themselves as more transparent alternatives. The success of Allego's strategy will largely depend on its ability to maintain growth momentum and strategic partnerships while operating outside the public eye.
ARNHEM,
Allego filed Form 25 with the
As Allego transitions from publicly listed status, it remains focused on accelerating the transition to sustainable e-mobility in
Mathieu Bonnet, CEO of Allego, says, “Allego continues to focus on expanding its EV charging network, enhancing its technology platforms, fostering strategic partnerships, and meeting the growing demand for reliable and accessible charging solutions.”
Allego’s vision remains clear: to lead the electric vehicle charging industry, ensuring EV drivers’ seamless and sustainable charging experience.
About Allego
Allego is a leading electric vehicle charging solutions provider dedicated to accelerating the transition to electric mobility with
For more information, please visit www.allego.eu.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are forward-looking statements. Allego intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,”, “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, Allego’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the ability of the Company to cure the minimum share price deficiency and regain compliance with NYSE listing standards and for the Company’s ordinary shares to remain listed on the NYSE, (ii) changes adversely affecting Allego’s business, (iii) the price and availability of electricity and other energy sources, (iv) the risks associated with vulnerability to industry downturns and regional or national downturns, (v) fluctuations in Allego’s revenue and operating results, (vi) unfavorable conditions or further disruptions in the capital and credit markets, (vii) Allego’s ability to generate cash, service indebtedness and incur additional indebtedness, (viii) competition from existing and new competitors, (ix) the growth of the electric vehicle market, (x) Allego’s ability to integrate any businesses it may acquire, (xi) the agreement of various landowners to deployment of Allego charging stations, (xii) Allego’s ability to recruit and retain experienced personnel, (xiii) risks related to legal proceedings or claims, including liability claims, (xiv) Allego’s dependence on third-party contractors to provide various services, (xv) data security breaches or other network outage, (xvi) Allego’s ability to obtain additional capital on commercially reasonable terms, (xvii) Allego’s ability to remediate its material weaknesses in internal control over financial reporting, (xviii) the impact of COVID-19, including COVID-19 related supply chain disruptions and expense increases, (xix) general economic or political conditions, including the
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Allego Contacts:
Investors
investors@allego.eu
Media
press@allego.eu
Source: Allego
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