Insider information: Aligro Planet Acquisition Company AB (publ) (“APAC”), a Swedish Special Purpose Acquisition Company (SPAC), is now preparing the process to wind up as a company, in the event that no acquisition is completed before May 26, 2023. As part of that process, APAC together with the auditors have established that an annual general meeting needs to approve an annual financial statement before redemption as a result of liquidation can be paid out to the company's shareholders. A consequence of this is that the possible liquidation is deemed to take place later than previously communicated. In order to speed up the process, the annual general meeting is brought forward to August 16. With regard to payment of redemptions as a result of such liquidation, the assessment is that it will take place shortly after the annual general meeting.

As previously announced, APAC's board will not request any extension of APAC's investment period. This means that if no acquisition agreement is signed by APAC before May 26, 2023, APAC's board of directors will, in accordance with the articles of association, decide to redeem all A shares and demand that APAC is delisted from Nasdaq Stockholm. Such a redemption is expected to take place at SEK 100 per share*.

“We are prepared for an orderly delisting and distribution of the shareholders' capital. At the same time, we are still open to discussions to see if a business transaction can be done. In connection with a transaction, shareholders would have the option of redeeming their shares at SEK 100 per share*“, says Hans Eckerström, Initiator and Chief Investment Officer.

*The redemption amount for each redeemed A share shall be SEK 100, subject to the restrictions in the Swedish Companies Act and APAC's articles of association and provided that there are sufficient distributable means corresponding to the total gross proceeds in the restricted account that APAC established in connection with the capital raising in spring 2021. As there is an amount corresponding to SEK 100 per A share in the restricted account at the present time, redemption is expected to take place at SEK 100 per share. APAC's costs in connection with listing and the subsequent period, which involved searching for and evaluating possible target companies for acquisition, have been fully financed by parts of the risk capital of a total of SEK 40 million that APAC's sponsors provided in spring 2021.

For further information, please contact:

Hans Eckerström, Initiator and Chief Investment Officer
hans.eckerstrom@apac.se

Carl-Fredrik Jaensson, Communications Officer
+46 8 502 355 01
media.relations@apac.se

This information constitutes inside information that Aligro Planet Acquisition Company AB (publ) is obliged to make public pursuant to the (EU) 596/2014 Market Abuse Regulation. The information has been published through the agency of the contact persons set out below, at the time stated by Aligro Planet Acquisition Company AB’s (publ) news distributor MFN, upon publication of this press release.

About APAC

Aligro Planet Acquisition Company AB (publ) ("APAC") is a Swedish Special Purpose Acquisition Company, formed by an experienced and dynamic team of entrepreneurs, senior executives, and acquisition specialists. The Company's purpose is to raise capital through a dispersion of shares in connection with a listing on a stock exchange, and to make the most attractive business combination possible within a period of 24 months from the first day of trading in order to bring an unlisted company onto the stock exchange without undergoing a traditional listing process. The goal is to find a company with a distinct ESG-profile within any of the defined main themes: digital business models, sustainable consumption and green technology.

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to legal restrictions and persons in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in APAC in any jurisdiction, neither from APAC nor from someone else.

This press release does not constitute or form part of an offer or solicitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or to the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

Forward-looking statements

This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about the Company's future results of operations, financial position, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is not required by law or Nasdaq Stockholm rule book for issuers.

For further information, please contact:

Carl-Fredrik Jaensson, Head of Corporate Communications
+46 8 502 355 01
carl-fredrik.jaensson@apac.se

About APAC

Aligro Planet Acquisition Company AB (publ) ("APAC") is a Swedish Special Purpose Acquisition Company, formed by an experienced and dynamic team of entrepreneurs, senior executives and acquisition specialists. The Company's purpose is to raise capital through a dispersion of shares in connection with a listing on a stock exchange, and to make the most attractive business combination possible within a period of 24 months from the first day of trading in order to bring an unlisted company onto the stock exchange without undergoing a traditional listing process. The goal is to find a company with a distinct ESG-profile.
More information on APAC is available on the Company's website, www.apac.se

This information is information that Aligro Planet Acquisition Company AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-04-18 07:25 CEST.

Attachments

APAC brings forward AGM – payment of redemption as a result of a posssible liquidation takes place shortly after the meeting

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