Brief: SPARTA: Offer By Deutsche Balaton To Contribute Beta Systems Shares

Deutsche Balaton AG

16/02/2022 11:37

Feb 16 (Reuters) - SPARTA AG:
    * OFFER BY DEUTSCHE BALATON AG TO CONTRIBUTE BETA SYSTEMS
SHARES
BY MEANS OF A MIXED NON-CASH AND CASH CAPITAL INCREASE
    * IN THE EVENT OF A COMPLETE CONTRIBUTION OF ALL BETA SHARES
OFFERED, THE SHARE OF SPARTA'S STAKE IN BETA SYSTEMS SOFTWARE AG
WOULD INCREASE TO JUST UNDER 72 %
    * TODAY RECEIVED AN OFFER BY MAJORITY SHAREHOLDER DEUTSCHE
BALATON
TO ACQUIRE UP TO 2,707,517 SHARES IN BETA SYSTEMS SOFTWARE AG
HELD BY DEUTSCHE BALATON
    * MARKET VALUE OF ALL BETA SHARES OFFERED AS OF YESTERDAY'S
CLOSING ON FRANKFURT STOCK EXCHANGE AMOUNTED TO AROUND 108
MILLION EUROS
    * WITH THE PLANNED CONTRIBUTION, DEUTSCHE BALATON INTENDS TO
SUPPORT SPARTA IN THE INTENDED FURTHER EXPANSION OF ITS
INVESTMENT VOLUME. SUPPORT
    * IN ORDER TO IMPLEMENT TRANSACTION, DEUTSCHE BALATON
PROPOSES TO
CONTRIBUTE THE BETA SHARES TO SPARTA IN THE FORM OF A MIXED
NON-CASH AND CASH CAPITAL INCREASE WHILE MAINTAINING THE
SUBSCRIPTION RIGHTS OF THE OTHER SHAREHOLDERS PROPOSED

Source text for Eikon:  ID:nPexGChr1a 

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