SINGAPORE AND MENLO PARK, Calif., Nov. 19, 2021 /PRNewswire/ -- Altimeter Growth
Corp. ("AGC" or the "Company") (NASDAQ: AGC), a publicly traded
special purpose acquisition company, today announced that the U.S.
Securities and Exchange Commission ("SEC") has declared effective
the registration statement of Grab Holdings Limited ("GHL") on Form
F-4 (as amended, the "Registration Statement") relating to the
Company's proposed business combination with Grab Holdings Inc.
("Grab"), Southeast Asia's leading
superapp.
AGC recommends its shareholders vote in favor of the proposed
business combination and the related proposals described in the
Company's definitive proxy statement dated November 19, 2021 contained in the Registration
Statement (the "Proxy Statement"), at AGC's Extraordinary General
Meeting (the "Extraordinary General Meeting"). The Extraordinary
General Meeting will be held at 12:00 p.m.
Eastern Time on November 30,
2021, at the offices of Ropes & Gray LLP, located at 800
Boylston Street, Boston, MA 02199,
or virtually via live webcast at
https://www.cstproxy.com/altimetergrowth/2021, as further described
in the Proxy Statement. Shareholders will be permitted to attend
the Extraordinary General Meeting in person only to the extent
consistent with, or permitted by, applicable law and directives of
public health authorities, and virtual attendance of the
Extraordinary General Meeting is strongly encouraged.
AGC shareholders as of November 5,
2021, the record date for the Extraordinary General Meeting
(the "record date"), are entitled to vote their shares either in
person, remotely or by proxy card in advance to ensure that their
shares will be represented at the Extraordinary General
Meeting.
Every shareholder's vote is important, regardless of the
number of shares held. As such, all shareholders as of the record
date are encouraged to vote as soon as possible and should
reference the instructions below.
VOTING AGC SHARES
If you are a holder of record of AGC shares on the record date,
you may vote in person or remotely at the Extraordinary General
Meeting or by submitting a proxy card in advance for the
Extraordinary General Meeting. The Extraordinary General Meeting
will be held at 12:00 p.m. Eastern
Time, on November 30, 2021 at
the offices of Ropes & Gray LLP located at 800 Boylston Street,
Boston, MA 02199, and virtually
via live webcast at https://www.cstproxy.com/altimetergrowth/2021.
You may attend the Extraordinary General Meeting online, vote and
submit your questions during the Extraordinary General Meeting by
visiting https://www.cstproxy.com/altimetergrowth/2021 and entering
the control number on your proxy card.
If you hold your shares in "street name," which means your
shares are held of record by a broker, bank or nominee, you should
contact your broker, bank or nominee as soon as possible to ensure
that votes related to the shares you beneficially own are properly
voted. You must provide the broker, bank or nominee with
instructions on how to vote your shares or, if you wish to attend
the meeting and vote remotely, obtain a proxy from your broker,
bank or nominee and a control number from Continental available by
emailing proxy@continentalstock.com.
About Grab
Grab is Southeast Asia's
leading superapp based on GMV in 2020 in each of food deliveries,
mobility and the e-wallets segment of financial services, according
to Euromonitor. Grab operates across the deliveries, mobility and
digital financial services sectors in over 400 cities in eight
countries in the Southeast Asia
region—Cambodia, Indonesia,
Malaysia, Myanmar, the
Philippines, Singapore,
Thailand and Vietnam. Grab enables millions of people each
day to access its driver- and merchant-partners to order food or
groceries, send packages, hail a ride or taxi, pay for online
purchases or access services such as lending, insurance, wealth
management and telemedicine, all through a single "everyday
everything" app. Grab was founded in 2012 with the mission to drive
Southeast Asia forward by creating
economic empowerment for everyone, and since then, the Grab app has
been downloaded onto millions of mobile devices. Grab strives to
serve a double bottom line: to simultaneously deliver financial
performance for its shareholders and a positive social impact in
Southeast Asia.
About Altimeter
Altimeter Capital Management, LP is a leading technology-focused
investment firm built by founders for founders with over
$15 billion in assets under
management. Altimeter's mission is to help visionary entrepreneurs
build iconic companies, disrupt markets and improve lives through
all stages of growth. Altimeter manages a variety of venture and
public funds and serves as an expert long-term partner to companies
as they enter the public markets.
Contact Information
For inquiries regarding voting AGC shares: Okapi Partners
LLC, info@okapipartners.com
IMPORTANT LEGAL INFORMATION
Forward-Looking Statements
This document includes "forward-looking statements" within the
meaning of the federal securities laws with respect to the proposed
transaction between Grab Holdings Inc. ("Grab"), Grab Holdings
Limited ("GHL") and Altimeter Growth Corp. ("AGC") and regarding
Grab's future business expectations which involve risks and
uncertainties. All statements other than statements of historical
fact contained in this document, including, but not limited to,
statements as to future results of operations and financial
position, planned products and services, business strategy and
plans, objectives of management for future operations of Grab,
market size and growth opportunities, competitive position,
technological and market trends and the potential benefits and
expectations related to the terms and timing of the proposed
transactions, are forward-looking statements. Some of these
forward-looking statements can be identified by the use of
forward-looking words, including "anticipate," "expect,"
"suggests," "plan," "believe," "intend," "estimates," "targets,"
"projects," "should," "could," "would," "may," "will," "forecast"
or other similar expressions. All forward-looking statements are
based upon estimates and forecasts and reflect the views,
assumptions, expectations, and opinions of AGC and Grab, which are
all subject to change due to various factors including, without
limitation, changes in general economic conditions as a result of
COVID-19. Any such estimates, assumptions, expectations, forecasts,
views or opinions, whether or not identified in this document,
should be regarded as indicative, preliminary and for illustrative
purposes only and should not be relied upon as being necessarily
indicative of future results.
The forward-looking statements contained in this document are
subject to a number of factors, risks and uncertainties, some of
which are not currently known to Grab or AGC. You should carefully
consider the foregoing factors and the other risks and
uncertainties described in the "Risk Factors" section of GHL's
registration statement on Form F-4, the proxy statement/ prospectus
therein, AGC's Quarterly Report on Form 10-Q and other documents
filed by GHL or AGC from time to time with the U.S. Securities and
Exchange Commission (the "SEC").
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
In addition, there may be additional risks that neither AGC nor
Grab presently know, or that AGC or Grab currently believe are
immaterial, that could also cause actual results to differ from
those contained in the forward-looking statements. Forward-looking
statements reflect AGC's and Grab's expectations, plans,
projections or forecasts of future events and view. If any of the
risks materialize or AGC's or Grab's assumptions prove incorrect,
actual results could differ materially from the results implied by
these forward-looking statements.
Forward-looking statements speak only as of the date they are
made. AGC and Grab anticipate that subsequent events and
developments may cause their assessments to change. However, while
GHL, AGC and Grab may elect to update these forward-looking
statements at some point in the future, GHL, AGC and Grab
specifically disclaim any obligation to do so, except as required
by law. The inclusion of any statement in this document does not
constitute an admission by Grab nor AGC or any other person that
the events or circumstances described in such statement are
material. These forward-looking statements should not be relied
upon as representing AGC's or Grab's assessments as of any date
subsequent to the date of this document. Accordingly, undue
reliance should not be placed upon the forward-looking statements.
In addition, the analyses of Grab and AGC contained herein are not,
and do not purport to be, appraisals of the securities, assets or
business of Grab, AGC or any other entity.
Important Information About the Proposed Transactions and
Where to Find It
This document relates to a proposed transaction between Grab and
AGC. This document does not constitute an offer to sell or
exchange, or the solicitation of an offer to sell, subscribe for,
buy or exchange any securities or solicitation of any vote in any
jurisdiction pursuant to the proposed transactions or otherwise,
nor shall there be any sale of securities in any jurisdiction in
which such offer, solicitation, sale or exchange would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction.
In connection with the business combination, GHL has filed the
Registration Statement with the SEC, which was declared effective
by the SEC on November 19, 2021, that
includes a definitive proxy statement of AGC to be distributed to
AGC's shareholders in connection with AGC's solicitation for
proxies for the vote by AGC's shareholders in connection with the
proposed transactions and other matters as described in the
Registration Statement. AGC and GHL also will file other documents
regarding the proposed transaction with the SEC.
This communication is not a substitute for the Registration
Statement, the definitive proxy statement/prospectus or any other
document that AGC will send to its shareholders in connection with
the business combination. AGC's shareholders and other interested
persons are advised to read the definitive proxy statement in
connection with AGC's solicitation of proxies for its extraordinary
general meeting of shareholders to be held to approve, among other
things, the proposed transactions, because these documents will
contain important information about AGC, GHL, Grab and the proposed
transactions. Shareholders and investors may also obtain a copy
of the definitive proxy statement, as well as other documents filed
with the SEC regarding the proposed transactions and other
documents filed with the SEC by AGC, without charge, at the SEC's
website located at www.sec.gov or by directing a written request to
AGC's proxy solicitor, Okapi Partners LLC, by emailing
info@okapipartners.com or mailing Okapi Partners LLC, 1212 Avenue
of the Americas, 24th Floor, New York, NY 10036. The information contained
on, or that may be accessed through, the websites referenced in
this document is not incorporated by reference into, and is not a
part of, this document.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Participants in the Solicitation
AGC, GHL and Grab and certain of their respective directors,
executive officers and other members of management and employees
may, under SEC rules, be deemed to be participants in the
solicitations of proxies from AGC's shareholders in connection with
the proposed transactions. Information regarding the persons who
may, under SEC rules, be deemed participants in the solicitation of
AGC's shareholders in connection with the proposed transactions and
a description of their direct and indirect interests in such
transactions is set forth in the proxy statement/prospectus
contained in the Registration Statement. You can find more
information about AGC's directors and executive officers in AGC's
final prospectus filed with the SEC on September 30, 2020. Additional information
regarding the participants in the proxy solicitation and a
description of their direct and indirect interests is included in
the proxy statement/prospectus contained in the Registration
Statement. Shareholders, potential investors and other interested
persons should read the proxy statement/prospectus contained in the
Registration Statement carefully before making any voting or
investment decisions. You may obtain free copies of these documents
from the sources indicated above.
No Offer or Solicitation
This document is for informational purposes only and shall not
constitute an offer to sell or the solicitation of an offer to
sell, subscribe for or buy any securities or solicitation of any
vote in any jurisdiction pursuant to the proposed transactions or
otherwise, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
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SOURCE Altimeter Growth Corp.
