Babylon Says That After A Thorough Exploration Of Strategic Alternatives, The Company Has Selected The Previously Announced Take Private Proposal From AlbaCore Capital And MindMaze Group

The Proposed Transaction will not provide for any payment to the Company’s Class A ordinary shareholders or other equity instrument holders, as AlbaCore will be exercising rights under its debt agreements with the Company, and the Proposed Transaction would transition the go-forward business to private ownership by transferring core operating subsidiaries of the Company to MindMaze. The Company’s Class A ordinary shares will cease trading on the New York Stock Exchange under the ticker symbol “BBLN”.