Aquis Exchange acquisition by SIX clears regulatory hurdles

LONDON - Aquis Exchange PLC (Aquis) and SIX Exchange Group AG (SIX) have announced the satisfaction of key regulatory conditions required for SIX’s proposed acquisition of Aquis. The acquisition, structured as a scheme of arrangement, is on track to proceed following the fulfillment of antitrust and regulatory approvals.

The original agreement for the recommended cash offer was reached on November 11, 2024, and was subsequently approved by Aquis shareholders at meetings held on December 20, 2024. Aquis has now confirmed that all the necessary antitrust and regulatory conditions have been met or waived where applicable.

The next significant step in the acquisition process is the Sanction Hearing, which is scheduled for June 30, 2025. Should the court approve the scheme at this hearing, the acquisition is expected to become effective on July 1, 2025. Consequently, the last day of dealings in Aquis shares will be June 30, 2025, with trading suspension slated to commence at 7:30 a.m. on July 1, 2025. Additionally, the cancellation of Aquis shares on AIM and the Aquis Stock Exchange is anticipated to take effect from 7:00 a.m. on July 2, 2025.

This development marks a significant milestone in the acquisition process, which has been meticulously planned and executed since the agreement was first announced. Shareholders of Aquis are expected to receive cash compensation for their shares, with the finalization of the scheme set to occur within 14 days following the effective date.

The completion of this acquisition will result in the consolidation of Aquis into the SIX Exchange Group, a move that has been closely watched by industry observers and participants. The transaction is subject to the remaining conditions outlined in the Scheme Document, which includes court sanction and the delivery of the Court Order to the Registrar of Companies.

The details of the acquisition, including the full terms and conditions, were outlined in the Scheme Document made available to Aquis shareholders. This announcement is based on a press release statement and is intended to provide factual information about the acquisition process. The acquisition is still subject to the satisfaction of the remaining general conditions as per the Scheme Document.

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