German Startups Group GmbH & Co. KGaA

  • WKN: A1MMEV
  • ISIN: DE000A1MMEV4
  • Land: Deutschland

Nachricht vom 22.05.2019 | 11:35

German Startups Group GmbH & Co. KGaA: GSG resolves further public share purchase offer

German Startups Group GmbH & Co. KGaA / Key word(s): Share Buyback
German Startups Group GmbH & Co. KGaA: GSG resolves further public share purchase offer

22-May-2019 / 11:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


+++ ad-hoc announcement +++

Disclosure of an inside information acc. to Art. 17 Sec. 1 of the Regulation
(EU) No. 596/2014 (Market Abuse Regulation - MAR)
 

German Startups Group resolves further public share purchase offer
for up to 300,000 shares
 

Berlin, 22 May 2019 - The managing general partner of German Startups Group GmbH & Co. KGaA (ISIN DE000A1MMEV4 / WKN A1M MEV), a leading venture capital provider in Germany and Berlin-based digital agency with 150 employees, has resolved today, utilizing the authorization of the annual general meeting of 23 March 2016 and its resolution of 15 June 2018, to buy back up to 300,000 shares of the company (corresponding to a maximum of up to 2.5% of the company's registered share capital) through a public share purchase offer against payment of an offer price in the amount of 1.50 euro. The company reserves the right to adjust the offer price if a significant increase in share price occurs before or during the term of acceptance or to extend the term of the offer.

Gerlinger & Partner GmbH, shareholder and private investment company of the managing general partner's managing director, Christoph Gerlinger, will not accept the share purchase offer for the shares held by it.

The offer period is expected to commence on 27 May 2019, 00:00 (CEST) and is expected to end on 24 June 2019, 12:00 (CEST). If more than 300,000 shares are tendered for buyback under this public share purchase offer, the declarations of acceptance will be considered proportionally, i.e. in the ratio of the 300,000 shares to the aggregate number of shares tendered for buyback. Furthermore, the company reserves the right to increase the number of shares to be bought back for that case. Further details on the public share purchase offer are contained in the offer document, which will be published on the company's website (www.german-startups.com) under the heading "For Shareholders" prior to the commencement of the offer period, on 27 May 2019, as well as subsequently in the German Federal Gazette under www.bundesanzeiger.de.

Investor relations contact
German Startups Group

Marcel Doeppes
Mail: ir@german-startups.com

Disclaimer

This release may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This release is not directed to or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

Neither this release nor its content may be published, dispatched, distributed or disseminated within the United States of America, and in each case neither by means of utilization of any postal service nor by any other means or instruments of business communication between single states or foreign trade or any facilities of a national stock exchange of the United States of America. This includes, among others, submission by fax, electronic post, telex, telephone and the internet. Copies of this release or any other documents related to this release may also not be distributed or submitted to or within the United States of America.

These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States, Germany or any other jurisdiction.
This release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of German Startups Group GmbH & Co. KGaA ("German Startups Group") and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. German Startups Group does not assume any obligations to update any forward-looking statements.


22-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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