Brief: MBB says entities related to founding families intend to sell shares in MBB

MBB SE

12/06/2017 16:49

June 12 (Reuters) - MBB SE  MBBG.DE  
    * ENTITIES RELATED TO FOUNDING FAMILIES ANNOUNCE SALE OF 
SHARES IN MBB SE 
    * ENTITIES RELATED TO FOUNDING FAMILIES FREIMUTH AND 
NESEMEIER HAVE NOTIFIED MBB SE THAT THEY INTEND TO SELL AND 
TRANSFER A TOTAL OF UP TO 400,000 SHARE OF MBB 
    * WE BELIEVE THAT INCREASE IN FREE FLOAT FROM CURRENT 
APPROX. 29% TO UP TO APPROX. 35% WILL SUPPORT AN INCLUSION OF 
MBB INTO S-DAX 
    * IN CASE OF A PLACEMENT IN FULL, SELLING SHAREHOLDERS WOULD 
DECREASE THEIR INDIVIDUAL SHAREHOLDING TO APPROX. 32.5% (OR 
TOGETHER APPROX. 65%) 
    * SELLING SHAREHOLDERS HAVE INFORMED US ABOUT THEIR 
COMMITMENT TO A TWELVE-MONTHS LOCK-UP PERIOD FOR THEIR REMAINING 
SHAREHOLDINGS 
 
Source text for Eikon:  ID:nEQ7Pv3W3a  
Further company coverage:  MBBG.DE  
 
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