Brief: Deutsche Boerse Initiates SimCorp Squeeze-Out, Requests Delisting

SIMCORP A/S

02/10/2023 12:30

Oct 2 (Reuters) - Deutsche Boerse AG  DB1Gn.DE :
    * TO INITIATE SIMCORP SQUEEZE-OUT - DELISTING REQUESTED
    * DEUTSCHE BÖRSE REQUESTS ALL REMAINING SIMCORP SHAREHOLDERS
TO
TRANSFER THEIR SHARES WITHIN A PERIOD OF FOUR WEEKS EXPIRING ON
30 OCTOBER 2023
    * TODAY EXERCISED ITS RIGHT TO INITIATE A COMPULSORY
ACQUISITION
OF ALL SIMCORP SHARES HELD BY REMAINING MINORITY SHAREHOLDERS
    * SETTLEMENT OF TRANSFERRED SIMCORP SHARES WILL TAKE PLACE
AFTER
EXPIRY OF FOUR-WEEK PERIOD
    * IN ADDITION, SIMCORP HAS TODAY REQUESTED NASDAQ COPENHAGEN
TO
REMOVE ITS SHARES FROM TRADING AND OFFICIAL LISTING
    * COMPULSORY ACQUISITION WILL BE COMPLETED AT A PRICE OF DKK
735
FOR EACH SIMCORP SHARE AND PAYMENT WILL BE MADE IN CASH


Further company coverage:  DB1Gn.DE 

 (Gdansk Newsroom)
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