DGAP-Ad-hoc: WESTGRUND Aktiengesellschaft / Key word(s): Offer WESTGRUND Aktiengesellschaft, Berlin
ISIN: DE000A0HN4T3 Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
ADO Properties S.A. announces proposed offer price for its voluntary takeover bid Berlin, 17 April 2020 - ADO Properties S.A., Luxembourg ("Bidder"), today informed us that the value per WESTGRUND Share determined on the basis of a company valuation of WESTGRUND Aktiengesellschaft pursuant to Section 31 (1), (2) and (7) WpÜG in conjunction with Section 5 (4) WpÜG Offer Regulation amounts to EUR 11,71. Accordingly, the Bidder intends to offer EUR 11,71 in cash per WESTGRUND share as consideration in its voluntary public takeover offer to the shareholders of WESTGRUND Aktiengesellschaft announced on 25 March 2020. In addition, the Bidder has further stated that it has resolved to implement the Takeover Offer as a compensation offer necessary for the delisting of WESTGRUND Shares from trading on the regulated market of the Düsseldorf Stock Exchange (§ 39 (2) and (3) of the Stock Exchange Act). Consequently, the Management Board of WESTGRUND Aktiengesellschaft will examine the filing of a corresponding application for delisting with the Düsseldorf Stock Exchange. However, as of yet neither the management board nor the supervisory board of WESTGRUND Aktiengesellschaft have passed corresponding resolutions nor is there an agreement with the Bidder. WESTGRUND Aktiengesellschaft
The Management Board Dr. Rolf-Dieter Grass Head of Corporate Communication Tel: 0172 3862558 Mail: grass@westgrund.de
17-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | WESTGRUND Aktiengesellschaft |
Joachimsthaler Strasse 34 | |
10719 Berlin | |
Germany | |
Phone: | +49 30 2000 914 20 |
Fax: | +49 30 639 619 228 |
E-mail: | grass@westgrund.de |
Internet: | www.westgrund.de |
ISIN: | DE000A0HN4T3, DE000A14KCW5 |
WKN: | A0HN4T, A14KCW |
Listed: | Regulated Market in Dusseldorf; Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 1024433 |
End of Announcement | DGAP News Service |
1024433 17-Apr-2020 CET/CEST