Brief: Schaltbau Holding Anticipates Level Of Settlement And Compensation In Connection With Loss Transfer Agreement

Schaltbau Holding AG

08/12/2021 13:19

Dec 8 (Reuters) - SCHALTBAU HOLDING AG  SLTG.DE :
    * ANTICIPATED LEVEL OF SETTLEMENT AND COMPENSATION IN
CONNECTION
WITH THE DOMINATION AND PROFIT AND LOSS TRANSFER AGREEMENT
    * VOLTAGE BIDCO PROPOSES AN APPROPRIATE SETTLEMENT PURSUANT
TO §
305 OF STOCK CORPORATION ACT IN AMOUNT OF EUR 50.33 PER
SCHALTBAU SHARE
    * BASED ON CURRENT RATE OF CORPORATION TAX (INCLUSIVE OF
SOLIDARITY SURCHARGE), COMPENSATION WOULD AMOUNT TO EUR 1.90 PER
SHARE
    * IN ADDITION, VOLTAGE BIDCO PROPOSES COMPENSATION PURSUANT
TO §
304 OF STOCK CORPORATION ACT IN AMOUNT OF EUR 2.16 LESS
CORPORATION TAX PAYABLE THEREON BY SCHALTBAU HOLDING AG
    * MANAGEMENT AND SUPERVISORY BOARDS INTEND TO DECIDE
CONCLUSIVELY
ON DECEMBER 17 REGARDING DOMINATION AND PROFIT AND LOSS TRANSFER
AGREEMENT AND LEVEL OF SETTLEMENT AND COMPENSATION SPECIFIED
THEREIN ONCE REPORT BY COURT-APPOINTED AUDITOR IS TO HAND, AND
TO PUBLISH RESULT THEREAFTER
    * ANTICIPATED THAT EXTRAORDINARY GENERAL MEETING WILL BE
HELD ON
FEBRUARY 3, 2022

Source text for Eikon:  ID:nEQ9XCs25a 
Further company coverage:  SLTG.DE 

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