McPhy Energy S.A. (ENXTPA:MCPHY) proposed to acquire refueling station business of Atawey SAS for ?12 million on February 19, 2024. The fixed part of the proposed price for the sale would be between ?11 and ?12 million, plus a variable part that could amount up to several million euros. This earn-out would be implemented from the date of completion of the transaction and would be conditional on the future order intakes relating to the scope of business covered by the contemplated transaction. The transaction is subject to consultation with McPhy's employee representatives, a process which has now begun, completion of financing for the transaction, and fulfillment of usual prerequisites. McPhy will continue to pay a particular attention to the proper execution of ongoing projects, until their finalization. The transaction is expected to be finalized during the second quarter of 2024. McPhy Energy S.A. entered into an agreement to acquire refueling station business of Atawey SAS on April 19, 2024. A fixed portion of ?12 million, payable over 18 months, with an initial payment of ?1 million on completion of the transaction. The balance of ?11 million, with related interest, will be paid as and when Atawey achieves its financing plan for the combined business, or, failing that, in Atawey shares.

McPhy Energy S.A. (ENXTPA:MCPHY) completed the acquisition of refueling station business of Atawey SAS for ?24.5 million on July 17, 2024. Final sale price was set at ?12 million, payable in instalments up to December 31, 2025, increased by a possible earn-out based on future orders. An earn-out conditioned to future orders relating to the business subject matter of the transaction. This earn-out, payable in cash, is estimated, on the basis of assumptions known to date, ranging from ?5.6 million to ?12.5 million (the latter corresponding to the contractual ceiling amount).