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Nearmap Ltd (ASX:NEA) (‘Nearmap’ or ‘Company’) advises that the scheme of arrangement pursuant to which Atlas AU BidCo Pty Ltd (‘Thoma Bravo BidCo’), a wholly-owned subsidiary of a fund advised by Thoma Bravo L.P. (‘Thoma Bravo’) will acquire all of the issued shares of Nearmap (‘Scheme’) has now been implemented.

All Nearmap shares have been transferred to Thoma Bravo BidCo. Eligible Nearmap shareholders who held Nearmap shares at the Scheme record date, being 7:00pm (Sydney time) Thursday 8 December 2022 (‘Scheme Record Date’) were paid A$2.10 in cash per each Nearmap share held at the Scheme Record Date in accordance with the terms of the Scheme.

With effect on and from today independent non-executive Chairman, Mr Peter James and non-executive directors Ms Sue Klose, Mr Ross Norgard, Mr Cliff Rosenberg, Mr David Baxby, and Ms Helen Souness have resigned as directors of Nearmap.

Also, with effect on and from today, Mr A.J. Rohde, Mr Peter Hernandez and Mr Anthony Kearney have been appointed as directors of Nearmap.

Authorised by:  Mr Peter James Chairman of Nearmap Ltd


About Nearmap | nearmap.com

Nearmap (ASX:NEA) provides easy, instant access to high resolution aerial imagery, city-scale 3D content, AI data sets, and geospatial tools. Using its own patented camera systems and processing software, Nearmap captures wide-scale urban areas in Australia, New Zealand, the United States and Canada several times each year, making current content instantly available in the cloud via web app or API integration. Every day, Nearmap helps thousands of users conduct virtual site visits for deep, data driven insights—enabling informed decisions, streamlined operations and better financial performance. Nearmap was founded in Australia in 2007 and is one of the largest aerial survey companies in the world.

About Thoma Bravo | thomabravo.com

Thoma Bravo is one of the largest private equity firms in the world, with more than $120 billion in assets under management as of September 30, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 420 companies representing over $235 billion in enterprise value(1) . The firm has offices in Chicago, Miami and San Francisco. For more information, visit thomabravo.com.

(1) Includes control and non-control investments

Read the release on the ASX site here.