Published on 9 December 2021
Press release

Derogation Takeover Law (468 SPAC I SE – ISIN: LU2333563281)

Presse release 21/30

In the context of the acquisition of Boxine GmbH (“Boxine“) by 468 SPAC I SE (“468 SPAC“), the CSSF granted, on 9 December 2021, pursuant to Article 4 (5) of the Law of 19 May 2006 on takeover bids (“Takeover Law“), a derogation regarding the requirement of Article 5 (1) of the Takeover Law to launch a takeover bid for the shares of 468 SPAC. This derogation was granted to the persons listed here below as persons who were acting in concert in the context of the business combination and acquired temporarily the control of 468 SPAC as a result of their subscription of newly issued shares as at 26 November 2021 in the context of the consummation of the business combination between 468 SPAC and Boxine.

Taking into account the transparency in relation to the business combination transaction between 468 SPAC and Boxine and the related undertakings, the possibility for the 468 SPAC shareholders to make an informed decision as regards the business combination, in particular in the context of the extraordinary general meeting of shareholders of 468 SPAC to which the business combination was submitted for approval, the possibility of an unlimited exit for the shareholders, and the temporary nature of the acting in concert between the parties identified here below, the CSSF considers that the interests of the minority shareholders of 468 SPAC were sufficiently protected without the application of the provisions of Article 5 (1) of the Takeover Law.

Persons to whom the derogation was granted:

  1. Patric Faßbender;
  2. Marcus Stahl;
  3. Höllenhunde GmbH;
  4. ELQ Lux Holding S.à r.l.;
  5. Panorama Growth Partners II. LP;
  6. FLA Invest GmbH & Co. KG;
  7. Santo Ella Co-Invest GmbH & Co. KG (formerly: Armira (Strategy G) Active Invest GmbH & Co. KG);
  8. AH Beteiligung 6 GmbH & Co. KG;
  9. LuxCo Active Invest GmbH & Co. KG (formerly: Armira (Strategy A) Active Invest GmbH & Co. KG);
  10. Armira (Strategy B) Active Invest GmbH & Co. KG;
  11. Armira (Strategy C) Active Invest GmbH & Co. KG);
  12. PE I Invest GmbH & Co. KG (formerly: Armira (Strategy D) Active Invest GmbH & Co. KG);
  13. Armira (Strategy E) Active Invest GmbH & Co. KG;
  14. Armira (Strategy F) Active Invest GmbH & Co. KG;
  15. Armira (Strategy I) Active Invest GmbH & Co. KG;
  16. Armira (Strategy J) Active Invest GmbH & Co. KG;
  17. Armira Jebsen Active Invest GmbH & Co. KG, (formerly: Armira (Strategy K) Active Invest GmbH & Co. KG);
  18. Armira Strategy (P) Active Invest GmbH & Co. KG;
  19. Armira (Strategy M) Active Invest GmbH & Co. KG;
  20. Armira (Strategy L) Active Invest GmbH & Co. KG;
  21. Armira Strategy (O) Active Invest GmbH & Co. KG;
  22. Armira Strategy (Q) Active Invest GmbH & Co. KG;
  23. Armira Strategy (R) Active Invest GmbH & Co. KG;
  24. Armira F&F 2019/20 GmbH & Co. KG;
  25. Armira F&F 2019-II GmbH & Co. KG;
  26. Armira F&F 2019-III GmbH & Co. KG;
  27. Armira Parallel Pool (A) GmbH & Co. KG;
  28. Armira Parallel Pool (B) GmbH & Co. KG;
  29. Armira Strategy (N) Active Invest GmbH & Co. KG;
  30. Alexander Schemann;
  31. 468 SPAC Sponsors GmbH & Co. KG;
  32. Chepstow Capital GmbH;
  33. Pink Capital GmbH;
  34. Maret II GmbH;
  35. Florian Wendelstadt;
  36. Fabian Zilker;
  37. Alexander Kudlich;
  38. Gisbert Rühl;
  39. Lea Sophie Cramer;
  40. Johannes Maret;
  41. Armira Partners Verwaltungs GmbH;
  42. Armira Partners GmbH & Co. KG;
  43. Armira Beteiligungen Verwaltungs GmbH;
  44. Armira Beteiligungen GmbH & Co. KG;
  45. Armira Administration GmbH; and
  46. Armira Management GmbH.