The company announces plans to acquire a majority stake in SHS Viveon, a German leader in credit risk management software.

Sidetrade has reached agreements with SHS Viveon shareholders to acquire over 50% of the outstanding shares of SHS Viveon, at a price of 3 euros per share.

The number of shares Sidetrade intends to acquire is currently 1,462,489, representing 58.73% of SHS Viveon's outstanding share capital. 43.30% of SHS Viveon AG shares would be acquired by Sidetrade in the next few days, and 15.43% at later dates in June and July 2024.

The price of 3 euros per share represents a premium of 53% to the volume-weighted average price of SHS Viveon AG (1.96 euros per share) as of April 15, 2024.

Sidetrade also plans to acquire additional SHS Viveon shares from existing shareholders at a price of 3 euros per share.

Sidetrade also plans to launch a tender offer to acquire the remaining shares in SHS Viveon, at a price of 3 euros per share.

Following these acquisitions, Sidetrade would become the majority shareholder in SHS Viveon and would take steps to delist the shares in SHS Viveon from the stock exchange.

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