AMSTERDAM: VDL Groep B.V. has forwarded an indicative proposal to Neways Electronics International N.V. to acquire all outstanding shares in the capital of Neways.

VDL Groep is a large shareholder in Neways. The indicative offer price is EUR 12.50 (cum dividend) in cash for each Neways share.

Consistent with their fiduciary duties, the Board of Directors and the Supervisory Board of Neways will carefully analyse and consider the proposal. In doing so they will give due consideration to the interests of all stakeholders, including the other shareholders.

In order to be able to better evaluate the indicative proposal, Neways enters into talks with VDL. At this time it is uncertain whether any talks will lead to a conditional agreement regarding a public offer for all outstanding shares in the capital of Neways and, if so, at what price and under which conditions.

VDL Groep is an international industrial and manufacturing company established in 1953. From its head office in Eindhoven, Netherlands, VDL supervises its subsidiaries, which have a high level of autonomy and responsibility for results.

Neways Electronics International is an international company active in the EMS (Electronic Manufacturing Services) market. Neways offers its clients custom-made solutions for the complete product life cycle (from product development to after-sales service) of both electronic components and complete (box-built) electronic control systems.

Neways operates in a niche of the EMS market and focuses primarily on small to medium-sized specialist series, in which quality, flexibility and time-to-market play a crucial role. Neways products are used in sectors such as the Semiconductor, Medical, Automotive and Industrial.

Neways has operating companies in the Netherlands, Germany, the CzechRepublic, Slovakia, China and the United States, with a total of 2,598 employees at year-end 2020. Neways recorded net turnover of € 478.6 million in 2020. Neways shares are listed on the Euronext Amsterdam stock exchange. www.newayselectronics.com