Six Exchange Group AG reached agreement to acquire Aquis Exchange PLC (AIM:AQX) from group of sellers for £200 million on November 11, 2024. A cash consideration valued at £7.27 per share will be paid by Six Exchange Group AG. The Cash Consideration follows extensive discussions and negotiations with SIX. The Aquis Directors received prior unsolicited proposals from SIX to acquire Aquis, all of which were rejected by the Aquis Directors. The Cash Consideration payable under the terms of the Offer will be despatched to Aquis Shareholders within 14 days of the Effective Date. SIX intends to finance the transaction using a combination of existing cash and from the proceeds of the SIX Group's credit facilities. SIX has entered into a dedicated bridge facility agreement in an amount of up to £240 million with UBS Switzerland AG. The Aquis Directors intend to unanimously recommend that Aquis Shareholders vote (or procure votes) in favour of the Scheme at the Court Meeting and to vote (or procure votes) in favour of the Aquis Resolution(s) at the General Meeting as the Aquis Directors who (or whose immediate family) beneficially hold Aquis Shares have irrevocably undertaken. The Aquis Directors, who have been so advised by Evercore as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable. It is intended that the Offer will be effected by way of a Court-sanctioned scheme of arrangement. In order to become Effective, the Scheme must be approved by a majority in number of the Scheme Shareholders present and voting at the Court Meeting, either in person or by proxy, representing at least 75% in value of the Scheme Shares voted. The Scheme is expected to become Effective in Q2 2025, subject to the satisfaction or, where permitted, waiver of the Conditions.

UBS AG, London Branch acted as financial advisor; and Clifford Chance LLP to Six Exchange Group AG. Evercore Partners International LLP and Investec Bank plc acted as financial advisor; and Slaughter and May acted as legal advisor to Aquis Exchange PLC. Jürg Frick, Stefan Kramer, Benjamin Leisinger, Stefan Bindschedler, Alexander Wherlock, Sofiya Shavlak, Riccardo and Stefan Oesterhelt of Homburger AG acted as legal advisor to Six Exchange Group AG.