Brief: Exceet Group Announces Restructuring, CEO Resignation

H2APEX SCA

19/09/2019 15:54

Sept 19 (Reuters) - exceet Group SE  EXCL.DE :
    * DGAP-ADHOC: EXCEET GROUP SE: SPECIAL DISTRIBUTION / CHANGE
OF
LEGAL FORM / RESTRUCTURING / REDEMPTION OF TREASURY SHARES /
OPPORTUNISTIC INVESTMENT APPROACH / RESIGNATION OF MR.
WOLF-GÜNTER FREESE
    * BOARD OF DIRECTORS OF EXCEET GROUP TODAY RESOLVED TO
PREPARE
CONVERSION OF COMPANY INTO A PARTNERSHIP LIMITED BY SHARES UNDER
LAWS OF LUXEMBOURG (SOCIÉTÉ EN COMMANDITE PAR ACTIONS (SCA))
    * GENERAL PARTNER SHALL BE A LIMITED LIABILITY COMPANY, ALSO
UNDER
LAWS OF LUXEMBOURG
    * SHARES IN WHICH ARE HELD INDIRECTLY BY FOUNDERS OF ACTIVE
OWNERSHIP GROUP (AOC) FLORIAN SCHUHBAUER AND KLAUS RÖHRIG (50%
EACH)
    * ACTIVE OWNERSHIP FUND SICAV-FIS SCS WHICH IS CONTROLLED BY
FLORIAN SCHUHBAUER AND KLAUS RÖHRIG HOLDS, INDIRECTLY VIA WHITE
ELEPHANT S.À R.L., MAJORITY OF SHARES IN COMPANY
    * FURTHER STEPS WILL BE TAKEN REGARDING CONSOLIDATION OF
GROUP
ACTIVITIES IN LUXEMBOURG
    * IN COURSE OF THIS RESTRUCTURING, ONE-OFF EXPENSES IN
AMOUNT OF
APPROXIMATELY EUR 1 MILLION ARE EXPECTED TO ACCRUE
    * RESOLVED TODAY TO PROPOSE TO SHAREHOLDERS A SPECIAL
DISTRIBUTION
IN AMOUNT OF EUR 3.00 PER SHARE
    * MR. WOLF-GÜNTER FREESE RESIGNED FROM HIS OFFICE AS MEMBER
OF
BOARD OF DIRECTORS AND GROUP CEO & CFO WITH EFFECT AS PER 31
MARCH 2020

Source text for Eikon:  ID:nEQ2svyHda 
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