Fastned founders to sell a small portion of their holdings
Amsterdam, 11 January 2023. Fastned, the European fast charging company, announces that its founders Michiel Langezaal and Bart Lubbers as well as investment company Breesaap will as of today each gradually sell up to 380,000 depositary receipts of ordinary shares in the capital of Fastned (DR’s), each corresponding to approximately 2% of the currently outstanding DR’s, through a pre-arranged trading plan that will be managed by ABN Amro Bank.
ABN Amro Bank will have full discretion to sell the DR’s in a measured and orderly manner on behalf of the parties. The trading plan will terminate no later than 31 December 2023. The number of DRs sold under the trading plan will, among others, depend on market conditions. Upon each sale, appropriate notifications shall be made via the AFM register.
The reason for Michiel Langezaal, Bart Lubbers and Breesaap to sell a portion of their holdings is to diversify their portfolios, satisfy tax obligations and repay family loans that were provided to establish Fastned in 2012.
Both Bart, who is the Chairman of Fastned’s Supervisory Board and Michiel, CEO of Fastned, remain committed to Fastned and its mission to accelerate the transition to electric mobility. Together they will continue to hold a majority of the DR’s.
The parties currently hold the following interests in Fastned:
- Wilhelmina-Dok B.V. (the personal holding company of Bart Lubbers): 39% of the DR’s
- Carraig Aonair B.V. (the personal holding company of Michiel Langezaal): 24% of the DR’s
- Breesaap B.V. (the investment company of the Lubbers family): 6% of the DR’s.
The envisaged sales will increase the free-float and liquidity of the DR’s as traded on Euronext Amsterdam.
Market abuse regulation
This press release contains information within the meaning of Article 7(1) of EU Regulation No 596/ 2014 (Market Abuse Regulation).
This press release is for information purposes only. The information contained in this press release does not purport to be full or complete and, in particular, is not intended to form the basis of any investment decision. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness. Fastned will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided.
This press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. All statements other than statements of historical facts may be forward-looking statements. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms, other similar expressions or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. The Company wishes to caution you that these statements are only predictions and that actual events or results may and often do differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Any forward-looking statements reflect the Company’s current view with respect to future events and many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, rapid technological and market change in the industries the Company operates in, as well as 4 many other risks specifically related to the Company and its operations. Accordingly, no undue reliance should be placed on any forward-looking statements.
Fastned has been developing charging infrastructure for electric vehicles across Europe since 2012. Fastned’s mission is to accelerate the transition to sustainable mobility by giving freedom to electric drivers. Based in Amsterdam, the company currently has more than 245 charging stations in the Netherlands, Germany, the United Kingdom, Belgium, France and Switzerland. The company specialises in developing and operating super fast charging infrastructure where drivers can charge their electric vehicle with up to 300 km of range in 15 minutes before continuing their journey. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST).