Ebusco convenes Extraordinary General Meeting

Deurne, 18 December 2023 – Ebusco Holding N.V. (Ebusco or the Company, Euronext: EBUS), a pioneer and frontrunner in the development of electric buses and charging systems, today announces it will hold an Extraordinary General Meeting (EGM) on 29 January 2024.

As announced in separate press releases on 13 December 2023 and 14 December 2023, the Company has launched a comprehensive package which comprises an accelerated bookbuild offering of newly issued ordinary shares, and a placement of a private convertible bond to an entity managed by Heights Capital Management, Inc. (“Heights”). In respect of the convertible bond placement, the Company has entered into a binding agreement with Heights for an amortising convertible bond financing which will be maturing in December 2026 (the “Convertible Bond”).

Ebusco today announces it will hold an Extraordinary General Meeting on 29 January 2024 to request shareholder approvals to designate the Company’s management board for a period of 18 months following the date of the EGM as the competent body to issue Shares and grant rights to subscribe for Shares and exclude pre-emptive rights relating thereto for purposes of the Convertible Bond. The convocation and related documents are available via the website.

Peter Bijvelds Holding Erp B.V., VDVI B.V., ING Corporate Investments Participaties B.V. and Teslin Participaties Coöperatief U.A. (the “Pre-Committed Investors”) have irrevocably committed to vote in favour of the requisite EGM resolution, with the Pre-Committed Investors representing a majority of the shareholder base.

This press release contains inside information within the meaning of Article 7(1) of the European Market Abuse Regulation (MAR). This press release was distributed at 7:30 am on December 18, 2023.