DAB Bank AG
DAB Bank AG: queeze-out of minority shareholders and merger of DAB Bank AG into BNP Paribas Beteiligungsholding AG take effect
DAB Bank AG / Key word(s): Squeeze Out 27.07.2015 12:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, July 27, 2015. The Management Board of DAB Bank AG (ISIN: DE0005072300/WKN: 507230), with its registered head office in Munich, registered in the Commercial Register of the Munich Local Court under entry number HRB 118190, which is listed in the Frankfurt Stock Exchange, learned on today's date that the merger of DAB Bank AG, Munich, into BNP Paribas Beteiligungsholding AG, with its registered head office in Munich, registered in the Commercial Register of the Munich Local Court under entry number HRB 217504, by way of dissolution without liquidation (merger through absorption) pursuant to Sections 2 (1),(4 ff.), (60 ff.) UmwG (German Corporate Reorganization Act), which was resolved in connection with the merger agreement dated April 13, 2015, took effect on July 27, 2015 upon being recorded in the Commercial Register for the registered head office of DAB Bank AG and in the Commercial Register for the registered head office of BNP Paribas Beteiligungsholding AG. Therefore, DAB Bank AG was stricken from the Commercial Register. As of the same date, the resolution adopted by the annual shareholders' meeting of DAB Bank AG on May 29, 2015, under which the shares of the remaining shareholders of DAB Bank AG, Munich (minority shareholders), were to be transferred to BNP Paribas Beteiligungsholding AG, Munich (majority shareholder), against payment of an appropriate cash compensation in the amount of EUR 4.78 per bearer share of DAB Bank AG (squeeze-out under the law of mergers) pursuant to Section 62 Para 1 and 5 UmwG in conjunction with Sections 327a ff. AktG (German Stock Corporations Act), likewise took effect. Therefore, all shares of the minority shareholders of DAB Bank AG were transferred to BNP Paribas Beteiligungsholding AG by operation of law. It is expected that the stock exchange listing of the DAB Bank AG share will be terminated in the near future. Any trading conducted in the stock exchange until the termination of the stock exchange listing will only involve the cash compensation claims of the minority shareholders. After the aforementioned merger was recorded in the Commercial Register, BNP Paribas Beteiligungsholding AG was renamed DAB Bank AG, also on July 27, 2015. For information on the execution of the transfer of the bearer shares of the minority shareholders and on the payment of appropriate cash compensation, please refer to the notice to be published by DAB Bank AG (formerly BNP Paribas Beteiligungsholding AG) in the German Federal Gazette (Bundesanzeiger) in the near future. DAB Bank AG The Management Board Contact: If you have queries, please contact Dr. Jürgen Eikenbusch, DAB Bank AG, +49 89 500 68 1595 or ir@dab.com. 27.07.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DAB Bank AG Landsberger Straße 300 80687 München Germany Phone: +49 (0)89 500 68 1696 Fax: +49 (0)89 500 68 669 E-mail: ir@dab.com Internet: www.dab-bank.de ISIN: DE0005072300 WKN: 507230 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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