ABC TECHNOLOGIES SECURITYHOLDERS APPROVE PLAN OF ARRANGEMENT

TORONTO, Oct. 19, 2023 /CNW/ - ABC Technologies Holdings Inc. (TSX:ABCT.TO) ("ABC Technologies", "ABC" or the "Company"), a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the North American light vehicle industry, today announced that at the Company's special meeting of securityholders held on October 19, 2023 (the "Meeting"), securityholders approved the previously announced plan of arrangement (the "Plan of Arrangement") as contemplated by the arrangement agreement (the "Arrangement Agreement") made as of September 5, 2023 among the Company, AP IX Alpha Holdings (Lux) S.à.r.l., OCM Luxembourg OPPS XI S.à.r.l. and OCM Luxembourg OPPS XB S.à.r.l. Pursuant to the Arrangement Agreement, the Purchasers (as defined in the Plan of Arrangement) will, among other things, acquire all of ABC's issued and outstanding common shares (the "ABC Shares") not already owned by them for $6.75 per ABC Share in cash, subject to applicable withholdings (the "Transaction").