Allego N.V. Announces Voluntarily Delisting from the New York Stock Exchange
Allego N.V. (NYSE: ALLG), a leading electric vehicle charging solutions provider, has announced its intention to voluntarily delist its ordinary shares from the New York Stock Exchange (NYSE). This decision follows the completion of a tender offer by Madeleine Charging B.V., Allego's majority shareholder. The company plans to file a Form 25 with the SEC on August 12, 2024, initiating the delisting process. The delisting is expected to take effect ten days after filing, with the last trading day of Allego shares on the NYSE anticipated to be around August 22, 2024. Allego has already notified the NYSE of its intention to voluntarily delist its shares.
Allego N.V. (NYSE: ALLG), un fornitore leader di soluzioni per la ricarica dei veicoli elettrici, ha annunciato la sua intenzione di cessare volontariamente la quotazione delle sue azioni ordinarie dalla Borsa di New York (NYSE). Questa decisione segue il completamento di un'offerta pubblica da parte di Madeleine Charging B.V., azionista di maggioranza di Allego. L'azienda prevede di presentare un modulo 25 alla SEC il 12 agosto 2024, avviando il processo di delisting. Il delisting dovrebbe entrare in vigore dieci giorni dopo la presentazione, con l'ultimo giorno di negoziazione delle azioni Allego sulla NYSE previsto intorno al 22 agosto 2024. Allego ha già informato la NYSE della sua intenzione di delistare volontariamente le sue azioni.
Allego N.V. (NYSE: ALLG), un proveedor líder de soluciones de carga para vehículos eléctricos, ha anunciado su intención de retirar voluntariamente sus acciones ordinarias de la Bolsa de Nueva York (NYSE). Esta decisión sigue a la finalización de una oferta pública por parte de Madeleine Charging B.V., el principal accionista de Allego. La empresa planea presentar un Formulario 25 a la SEC el 12 de agosto de 2024, iniciando así el proceso de deslistado. Se espera que el deslistado entre en vigor diez días después de la presentación, siendo el último día de negociación de las acciones de Allego en la NYSE alrededor del 22 de agosto de 2024. Allego ya ha notificado a la NYSE su intención de deslistar voluntariamente sus acciones.
알레고 N.V. (NYSE: ALLG), 전기차 충전 솔루션 공급업체,는 뉴욕증권거래소(NYSE)에서 자사의 보통주를 자발적으로 상장폐지할 것임을 발표했습니다. 이 결정은 알레고의 주요 주주인 마들렌 차징 B.V.에 의한 공개매수 완료에 따른 것입니다. 회사는 2024년 8월 12일 SEC에 25양식을 제출할 계획입니다. 이로써 상장폐지 프로세스가 시작됩니다. 상장폐지는 제출 후 10일 후에 시행될 것으로 예상되며, 알레고 주식의 NYSE에서의 마지막 거래일은 2024년 8월 22일경으로 예상됩니다. 알레고는 이미 NYSE에게 자발적 상장폐지 의사를 통보했습니다.
Allego N.V. (NYSE: ALLG), un fournisseur leader de solutions de recharge pour véhicules électriques, a annoncé son intention de retirer volontairement ses actions ordinaires de la Bourse de New York (NYSE). Cette décision fait suite à l'achèvement d'une offre publique par Madeleine Charging B.V., l'actionnaire majoritaire d'Allego. La société prévoit de soumettre un Formulaire 25 à la SEC le 12 août 2024, donnant le coup d'envoi du processus de retrait. Le retrait devrait entrer en vigueur dix jours après le dépôt, et le dernier jour de négociation des actions Allego sur la NYSE est prévu aux alentours du 22 août 2024. Allego a déjà informé la NYSE de son intention de retirer volontairement ses actions.
Allego N.V. (NYSE: ALLG), ein führender Anbieter von Lösungen für das Laden von Elektrofahrzeugen, hat seine Absicht bekannt gegeben, seine Stammaktien freiwillig von der New Yorker Börse (NYSE) abzuziehen. Diese Entscheidung erfolgt nach dem Abschluss eines Übernahmeangebots von Madeleine Charging B.V., dem Mehrheitsaktionär von Allego. Das Unternehmen plant, am 12. August 2024 ein Formular 25 bei der SEC einzureichen, um den Abzug einzuleiten. Der Abzug wird voraussichtlich zehn Tage nach der Einreichung wirksam sein, wobei der letzte Handelstag der Allego-Aktien an der NYSE voraussichtlich um den 22. August 2024 liegen wird. Allego hat die NYSE bereits über seine Absicht informiert, seine Aktien freiwillig abzuziehen.
- None.
- Voluntary delisting from NYSE
- Reduced liquidity for shareholders
- Potential decrease in investor visibility
- access to public equity markets
Allego N.V.'s decision to voluntarily delist from the NYSE marks a significant shift in the company's public market presence. This move, following the completion of a tender offer by majority shareholder Madeleine Charging B.V., suggests a strategic realignment towards private ownership.
From an investor's perspective, this delisting has several implications:
- Reduced liquidity: Once delisted, shareholders will find it more challenging to buy or sell Allego shares, potentially impacting the stock's value.
- Decreased transparency: As a private company, Allego will no longer be subject to the same level of public reporting requirements, potentially reducing the information available to investors.
- Potential for streamlined operations: Without the pressures of quarterly reporting and public market scrutiny, Allego may have more flexibility to focus on long-term strategies in the competitive EV charging market.
The timing of this move, with the delisting expected to take effect around August 22, 2024, gives current shareholders a clear timeline to make decisions about their holdings. It's important for investors to understand that post-delisting, the value and tradability of their shares may be significantly affected.
This delisting also reflects broader trends in the EV charging sector, where companies are reassessing their capital structures and market positions amidst evolving industry dynamics. As the EV market continues to grow, we may see more strategic moves like this as companies seek to optimize their operational and financial structures.
The voluntary delisting of Allego N.V. from the NYSE involves several key legal and regulatory considerations:
- Compliance with SEC regulations: Allego's intention to file a Form 25 on August 12, 2024, adheres to the SEC's Rule 12d2-2, which governs the process of voluntary delisting. This demonstrates the company's commitment to following proper legal procedures.
- Shareholder rights: While the delisting follows a tender offer by the majority shareholder, minority shareholders should be aware of their rights during this transition. They may have options such as selling their shares before the delisting or holding onto them as the company goes private.
- Reporting obligations: Post-delisting, Allego's reporting requirements will change significantly. The company may no longer be subject to the extensive disclosure requirements of the Securities Exchange Act of 1934, potentially reducing the amount of public information available about the company's operations and financials.
It's important to note that while the delisting process appears to be following standard procedures, shareholders should carefully review any communications from the company regarding their options and rights during this transition. Additionally, the delisting doesn't necessarily mean the company will immediately cease all SEC filings; there may be a period where certain reporting obligations continue.
From a broader perspective, this move highlights the ongoing balance companies must strike between the benefits of public listing (such as access to capital markets) and the potential advantages of private ownership (including reduced compliance costs and greater operational flexibility). As the EV charging market evolves, we may see more companies in this sector reassessing their public/private status to align with their strategic goals.
The Company intends to file a Form 25 with the
About Allego
Allego is a leading electric vehicle charging solutions provider dedicated to accelerating the transition to electric mobility with
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Source: Allego N.V.
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