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Inside Information (AD-HOC Release): SURTECO GROUP SE: Decision to submit a takeover offer by PKG Schürfeld GmbH at the statutory minimum price - pool agreement concluded to exercise 56.51% of the voting rights

SURTECO GROUP SE / Key word(s): Miscellaneous
SURTECO GROUP SE: Decision to submit a takeover offer by PKG Schürfeld GmbH at the statutory minimum price - pool agreement concluded to exercise 56.51% of the voting rights

01-March-2021 / 16:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


SURTECO GROUP SE: Decision to submit a takeover offer by PKG Schürfeld GmbH at the statutory minimum price - pool agreement concluded to exercise 56.51% of the voting rights

Buttenwiesen, 1 March 2021

PKG Schürfeld GmbH (the Bidder) has informed us of its decision to make a voluntary public takeover offer to the shareholders of SURTECO GROUP SE in accordance with § 29 (1) German Securities Acquisition and Takeover Act (WpÜG) against payment of a cash consideration in euros in the amount of the statutory minimum price in accordance with § 31 WpÜG and §§ 3 ff. WpÜG-Offer-Ordinance (the takeover offer). For details, we refer to the publication by PKG Schürfeld GmbH at https://www.schuerfeld-angebot.de.
PKG Schürfeld GmbH announces that the takeover offer will be made in accordance with the provisions to be determined in the offer document for the takeover offer. The offer will be subject to certain merger control approvals and likely other conditions.
PKG Schürfeld GmbH also informs that the offer document for the takeover offer with the detailed conditions and other information on the takeover offer (in German as well as a non-binding translation into English) and other information related to the takeover offer in the Internet under https://www.schuerfeld-angebot.de to be published.
The offer document for the takeover offer will also be published by means of a notice in the Federal Gazette (Bundesanzeiger) and be available on the website of the Federal Financial Supervisory Authority (BaFin).

Furthermore, PKG Schürfeld GmbH has informed us that the Bidder has concluded a pool agreement with the other members of the Schürfeld Group and other parties with regard to their respective voting rights from SURTECO Shares (SURTECO Pool). The number of pool-linked SURTECO shares (from the time the SURTECO pool came into effect) is 8,762,068 (approx. 56.51% of the share capital of SURTECO GROUP SE). The entry into force of the SURTECO pool (including with regard to the coordinated exercise of voting rights at SURTECO GROUP SE) is subject to the conditions precedent

- the granting of certain merger control approvals that have not yet been applied for or issued; and

- the full completion of the takeover offer.

Once the SURTECO Pool comes into force, the Bidder, the other members of the Schürfeld Group and the other SURTECO Pool members as well as their respective directly or indirectly controlling shareholders would have direct or indirect control over SURTECO GROUP SE within the meaning of § 35 Paragraph 1 WpÜG (mutual attribution of voting rights pursuant to § 30 (1) and (2) WpÜG).

The management board and the supervisory board of SURTECO GROUP SE will comment separately on the announced takeover offer and in particular on the consideration offered to the shareholders of SURTECO GROUP SE in such an offer after the offer document is available.




Contact:
Martin Miller
Investor Relations
ir@surteco-group.com
+49 (0)8274 9988-508

01-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: SURTECO GROUP SE
Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen
Germany
Phone: +49 (0)8274 99 88-0
Fax: +49 (0)8274 99 88-5 05
E-mail: ir@surteco-group.com
Internet: www.surteco-group.com
ISIN: DE0005176903
WKN: 517 690
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1172003

 
End of Announcement DGAP News Service

1172003  01-March-2021 CET/CEST

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