Delisting Announcement • Jul 27, 2020
Delisting Announcement
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Press Release
Amersfoort, The Netherlands – 24 July 2020 - Envipco Holding N.V. ("Envipco" or the "Company"), a leading global provider of recycling systems and Reverse Vending Machine technology, announces that it will focus on its Euronext Amsterdam listing and has applied for the termination of its Euronext Brussels listing.
Envipco's board of directors has concluded that the size of the business and Envipco's market capitalization does not justify having two listings. It has also concluded that its secondary Euronext Brussels listing does not bring any meaningful additional liquidity whereas the company does incur additional (listing and compliance) costs in relation to the secondary listing. Consequently, with the aim of reducing costs and compliance burden, the board of directors has decided to seek termination of Envipco's secondary Euronext Brussels listing, whilst maintaining the listing of Envipco's shares on Euronext Amsterdam.
The contemplated termination of the Euronext Brussels listing of Envipco's shares requires the approval of Euronext and the Belgian supervisory authority, the Financial Services and Markets Authority (Autorité des Services and Marchés Financiers – the FSMA). Assuming that approval is obtained, Envipco expects that the termination of the listing of its shares on Euronext Brussels will be effected later this year. Envipco will further inform the market when the approval for the contemplated termination of Envipco's secondary Euronext Brussels listing has been obtained and the date on which the termination will be achieved is determined.
For further information please contact: Floor van Maaren / Eva Lindner Lindner & van Maaren +31 6 29597746 / +31 6 34222831
Board of Directors Tel: +31 33 285 1773 Arnhemseweg 10 The Netherlands
ENVIPCO HOLDING N.V. Amersfoort, 24 July 2020
3817 CH Amersfoort Website: www.envipco.com
Envipco Holding N.V. (Envipco), www.envipco.com, is a Netherlands-based holding company listed on Euronext Amsterdam and Brussels (Symbol: ENVI). Envipco, with operations in several countries around the globe, is a recognised leader in the development and operation of reverse vending machines (RVMs), automated technological systems for the recovery of used beverage containers. Known for its innovative technology and market leadership, Envipco holds several intellectual property rights for RVM systems, including but not limited to beverage refund deposit markings, material type identification, compaction and accounting.
This announcement contains forward-looking statements concerning the condition and business of Envipco. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. All forwardlooking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements.
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