Spice Private Equity : September 1, 2022 – Definitive Interim Result for Tender Offer

Spice Private Equity : September 1, 2022 – Definitive Interim Result for Tender Offer







NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS OR TO U.S. PERSONS, OR IN OR INTO AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

GP Swiss publishes definitive interim result for tender offer and confirms successful tender offer

Zug, 1 September 2022

Today, GP Swiss Ltd., Zug, Switzerland, a group company of GP Investments, Ltd. Bermuda (“GP”) published the definitive notice of the interim result of its public tender offer to acquire all publicly held shares of Spice Private Equity Ltd (“Spice”) for USD 16.25 per share as indicated in the offer prospectus of 14 July 2022 (“Offer”).

According to the definitive interim result, as of the end of the Offer period on 26 August 2022, the participation of GP and the persons acting in concert with GP amounts to 91.69% of the issued share capital and voting rights of Spice, subject to the completion of the Offer.

The 90% acceptance rate condition has been reached and as a result, GP declared the Offer successful. The Offer remains subject to an additional Offer condition (No Injunction or Prohibition) as further detailed in the Offer prospectus.

Following the successful tender offer, GP Swiss plans a squeeze-out and delisting of the Spice Private Equity shares subject to the conditions described in the Offer prospectus.

The definitive notice of the interim result is available at https://gp-investments-transactions.com/

The additional acceptance period of ten trading days for the subsequent acceptance of the Offer will commence on 2 September 2022 and end on 15 September 2022, 4:00 p.m. Swiss time.

For further information, please contact:

David Emery

Chairman of the Board of Directors

Phone: +41 41 710 70 60

Email: investor.relations@spice-private-equity.com

Web: www.spice-private-equity.com

About Spice Private Equity Ltd.

Spice Private Equity Ltd. is an investment company focused on global private equity investments. The company’s investments are managed by GP Advisors (Bermuda), Ltd., a whole subsidiary of GP Investments, Ltd. a leading alternative investments firm known for its operationally oriented approach and active management model. Spice Private Equity Ltd. is listed on the SIX Swiss Exchange under the ticker symbol SPCE.

Disclaimer

This media information contains forward-looking statements, which involve certain risks, uncertainties and changes that cannot be foreseen and are beyond Spice Private Equity Ltd’s ability to control. Therefore, Spice Private Equity Ltd cannot provide any assurance with respect to the correctness of such forward-looking statements and their effects on the financial situation of Spice Private Equity Ltd or on the market in which the shares and other securities of Spice Private Equity Ltd are traded. This media information does not constitute an offer, invitation or solicitation to sell, purchase or subscribe for any securities. It is not being issued in countries where the dissemination of the information contained herein may be restricted or prohibited by law. In particular, this media information is not for release, publication or distribution in or into the United States of America, Australia, Canada or Japan (or to persons whose place of residence, seat or habitual abode is in any of those countries) and should not be released, published or distributed to U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended). Any non-compliance with such restrictions may result in an infringement of U.S. or other securities laws. Securities of Spice Private Equity Ltd (“Company”) are not being publicly offered outside of Switzerland. This document does not constitute a prospectus according to the Swiss Federal Act on Financial Services. This communication is not being made by, and has not been approved by, an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended. In the United Kingdom, this communication is directed only at persons (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) falling within article 49(2)(a) to (d) 10/11 (“high net worth companies, unincorporated associations, etc.”) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). Accordingly, this communication is not being distributed to, and must not be passed on to, the general public in the United Kingdom. This communication must not be acted on or relied on in the United Kingdom by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only in the United Kingdom to relevant persons and will be engaged in only with relevant persons. Reference is made to the offer prospectus regarding the public tender offer published today for full offer restrictions.

Disclaimer

Spice Private Equity AG published this content on 01 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2022 04:50:03 UTC.

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Sales 2020 -54,2 M

Net income 2020 -57,8 M

Net cash 2020 24,0 M

P/E ratio 2020 -0,88x
Yield 2020
Capitalization 76,2 M
76,2 M
EV / Sales 2019 -7,45x
EV / Sales 2020 -0,49x
Nbr of Employees 4
Free-Float 13,2%

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