HORNBACH Holding AG & Co. KGaA
/ Key word(s): Miscellaneous
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION One Group - One Listing HORNBACH Holding successfully completes delisting offer
Bornheim (Palatinate), Germany, February 25, 2022. HORNBACH Holding AG & Co. KGaA ("HORNBACH Holding") today announced the results of the public delisting tender offer in the context of the forthcoming delisting of HORNBACH Baumarkt AG ("HORNBACH Baumarkt"). During the acceptance period, which ended on February 22, 2022, 4,011,904 HORNBACH Baumarkt shares were tendered into the offer. This corresponds to around 12.61% of all outstanding HORNBACH Baumarkt shares. Including the HORNBACH Baumarkt shares acquired by HORNBACH Holding in parallel to the delisting tender offer, HORNBACH Holding's shareholding in HORNBACH Baumarkt has increased to 90.86%. Albrecht Hornbach, CEO of HORNBACH Holding, commented: "We are delighted that many HORNBACH Baumarkt shareholders have accepted our offer and that the delisting will enable us to dissolve the complex dual stock market listing. As one of Europe's leading DIY store operators, HORNBACH now also presents itself with a clear capital market profile. This will further drive our successful growth." ***
About HORNBACH Group Important notice The delisting tender offer was published exclusively under the laws of the Federal Republic of Germany, in particular in accordance with the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) and the German Stock Exchange Act (Börsengesetz), as well as certain applicable provisions of the U.S. Securities Exchange Act and in Canada was made pursuant to applicable exemptions from the formal take-over bid requirements under National Instrument 62-104 - Take-over Bids and Issuer Bids. The documentation relating to the delisting tender offer is available at www.pluto-offer.com. Any contract concluded on the basis of the delisting tender offer is exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws. To the extent permissible under applicable law or regulation, and in accordance with German market practice, HORNBACH Holding AG & Co. KGaA, its affiliates or its brokers may have purchased or concluded agreements to purchase shares of HORNBACH Baumarkt AG before or during the acceptance period, or may purchase, or conclude agreements to purchase, shares of HORNBACH Baumarkt AG, directly or indirectly, outside of the scope of the delisting tender offer, after the acceptance period. This also applies to other securities which are directly convertible into, exchangeable for, or exercisable for shares of HORNBACH Baumarkt AG. These purchases may have been or may be completed via the stock exchange at market prices or outside the stock exchange at negotiated conditions. Any information on such purchases has been or will be disclosed as required by law or regulation in Germany or any other relevant jurisdiction and on www.pluto-offer.com.
25.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | HORNBACH Holding AG & Co. KGaA |
Hornbachstraße 11 | |
76879 Bornheim | |
Germany | |
ISIN: | DE0006083405 |
WKN: | 608340 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1288963 |
End of News | DGAP News Service |
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1288963 25.02.2022