Allego Holding B.V. ("Allego" or the "Company"), a leading
pan-European electric vehicle ("EV”) charging network, which
announced its proposed business combination with Spartan
Acquisition Corp. III (NYSE: SPAQ), today announced it had hired
Manish A. Somaiya as Group Head of Investor Relations and Capital
Markets, effective January 10, 2022.
"I am pleased to welcome Manish to the Allego team," said
Mathieu Bonnet, CEO of Allego. "He brings a significant amount of
expertise and leadership given his excellent track record of
building trusted relationships with investors, analysts, and the
financial community throughout his career. We believe Manish will
help us build world-class investor relations and capital markets
function, as we capitalize on our strong leadership position as a
leading EV charging network in Europe and execute on our
go-to-market strategy to drive long-term shareholder value."
"I am excited to join Allego, with its technological edge as a
leader in the European fast and ultra-fast EV charging market with
an established operating history and significant industry
tailwinds," said Somaiya. “I am looking forward to creating a
top-tier platform for a transparent and proactive communications
strategy with all stakeholders by partnering with relevant
professionals across the organization.”
Ton Louwers, CFO of Allego, to whom Somaiya will report, stated,
"I am thrilled to have Manish on board at a pivotal time for the
company and look forward to working collaboratively to optimize
growth opportunities with the combined finance and business
development teams and maintain access to providers of capital.”
As a Managing Director at Citigroup Global Markets, Bank of
America Securities, and a senior executive at J.P. Morgan
Securities, Somaiya brings more than 20 years of experience in
investment research and capital markets. At Citi, Somaiya was a
senior liaison for institutional clients and led cross-asset
research partnerships while maintaining award-winning sector
coverage. He recently worked with growth companies on capital
raising and corporate development.
Somaiya holds an MBA from TRIUM global executive program, an
18-month joint-degree with N.Y.U. Stern School, the London School
of Economics and Political Science, and H.E.C. Paris School of
Management. He received his undergraduate degree in finance and
international business from N.Y.U Stern School.
About Allego
Allego delivers charging solutions for electric cars, motors,
buses and trucks, for consumers, businesses and cities. Allego’s
end-to-end charging solutions make it easier for businesses and
cities to deliver the infrastructure drivers need, while the
scalability of our solutions makes us the partner of the future.
Founded in 2013, Allego is a leader in charging solutions, with an
international charging network comprised of more than 26,000 charge
points operational throughout Europe – and growing rapidly. Our
charging solutions are connected to our proprietary platform,
EV-Cloud, which gives us and our customers a full portfolio of
features and services to meet and exceed market demands. We are
committed to providing independent, reliable and safe charging
solutions, agnostic of vehicle model or network affiliation. At
Allego, we strive every day to make EV charging easier, more
convenient and more enjoyable for all.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition
entity focused on the energy value-chain and was formed for the
purpose of entering into a merger, amalgamation, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Spartan
is sponsored by Spartan Acquisition Sponsor III LLC, which is owned
by a private investment fund managed by an affiliate of Apollo
Global Management, Inc. (NYSE: APO). For more information, please
visit www.spartanspaciii.com.
Forward-Looking Statements.
This communication includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Spartan Acquisition
Corp. III’s (“Spartan”) and Allego Holding B.V.’s, a Dutch private
limited liability company (“Allego”), actual results may differ
from their expectations, estimates, and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions (or
the negative versions of such words or expressions) are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, Spartan’s and Allego’s
expectations with respect to future performance and anticipated
financial impacts of the proposed business combination, the
satisfaction or waiver of the closing conditions to the proposed
business combination, and the timing of the completion of the
proposed business combination.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially, and potentially adversely, from those expressed or
implied in the forward-looking statements. Most of these factors
are outside Spartan’s and Allego’s control and are difficult to
predict. Factors that may cause such differences include, but are
not limited to: (i) the occurrence of any event, change, or other
circumstances that could give rise to the termination of the
Business Combination Agreement and Plan of Reorganization (the
“BCA”); (ii) the outcome of any legal proceedings that may be
instituted against Athena Pubco B.V., a Dutch limited liability
company (the “Athena Pubco”) and/or Allego following the
announcement of the BCA and the transactions contemplated therein;
(iii) the inability to complete the proposed business combination,
including due to failure to obtain approval of the stockholders of
Spartan, certain regulatory approvals, or the satisfaction of other
conditions to closing in the BCA; (iv) the occurrence of any event,
change, or other circumstance that could give rise to the
termination of the BCA or could otherwise cause the transaction to
fail to close; (v) the impact of the COVID-19 pandemic on Allego’s
business and/or the ability of the parties to complete the proposed
business combination; (vi) the inability to obtain or maintain the
listing of Athena Pubco’s common shares on the New York Stock
Exchange following the proposed business combination; (vii) the
risk that the proposed business combination disrupts current plans
and operations as a result of the announcement and consummation of
the proposed business combination; (viii) the ability to recognize
the anticipated benefits of the proposed business combination,
which may be affected by, among other things, competition, the
ability of Allego to grow and manage growth profitably, and to
retain its key employees; (ix) costs related to the proposed
business combination; (x) changes in applicable laws or
regulations; and (xi) the possibility that Allego, Spartan or
Athena Pubco may be adversely affected by other economic, business,
and/or competitive factors. The foregoing list of factors is not
exclusive. Additional information concerning certain of these and
other risk factors is contained in Spartan’s most recent filings
with the SEC and in the registration statement on Form F-4 (the
“Form F-4”), including the proxy statement/prospectus forming a
part thereof filed by Athena Pubco in connection with the proposed
business combination on September 30, 2021 and the amendments filed
in connection therewith. All subsequent written and oral
forward-looking statements concerning Spartan, Allego or Athena
Pubco, the transactions described herein or other matters and
attributable to Spartan, Allego, Athena Pubco or any person acting
on their behalf are expressly qualified in their entirety by the
cautionary statements above. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Each of Spartan, Allego and Athena Pubco
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in their expectations with
respect thereto or any change in events, conditions, or
circumstances on which any statement is based, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220201005356/en/
For Allego Investors investors@allego.eu Media
allegoPR@icrinc.com
For Meridiam FTI Consulting
meridiamsc@fticonsulting.com
For Spartan Acquisition Corp. III Investors
info@spartanspacIII.com Media Communciations@apollo.com
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