KUKA Aktiengesellschaft

WKN: 620440
ISIN: DE0006204407
Land: Deutschland

Nachricht vom 24.03.2022 | 15:54

KUKA Aktiengesellschaft: Guangdong Midea Electric Co., Ltd. specifies transfer request of 23 November 2021

KUKA Aktiengesellschaft / Key word(s): Squeeze Out
KUKA Aktiengesellschaft: Guangdong Midea Electric Co., Ltd. specifies transfer request of 23 November 2021

24-March-2022 / 15:54 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.

KUKA Aktiengesellschaft
Zugspitzstrasse 140, 86165 Augsburg

- ISIN DE0006204407 -

Admitted on the following German stock exchanges:
Frankfurt am Main and Munich

Market Segment: Prime Standard

Publication of insider information in accordance with Article 17 MAR

Guangdong Midea Electric Co., Ltd. specifies transfer request of 23 November 2021 and determines the cash compensation for the envisaged Squeeze-Out of the minority shareholders of KUKA Aktien-gesellschaft at EUR 80.77 per no-par-value bearer share.

The main shareholder of KUKA Aktiengesellschaft, Guangdong Midea Electric Co., Ltd., has informed the management board of KUKA Aktiengesellschaft today that it has determined the appropriate cash compensation for the transfer of the shares of the other shareholders of KUKA Aktiengesellschaft (minority shareholders) to Guangdong Midea Electric Co., Ltd. as main shareholder at EUR 80.77 per no-par-value bearer share of KUKA Aktiengesellschaft. The amount of the cash compensation has been determined by the main shareholder based on a valuation of the enterprise value. The appropriateness of the cash compensation is currently being audited by the auditor appointed by the court, Baker Tilly.

The main shareholder thus confirms and specifies its request in accordance with section 327a para. 1 German Stock Corporation Act, which was submitted to the management board of KUKA Aktiengesellschaft on 23 November 2021.

The resolution required for the transfer of the shares is to be passed in the Annual General Meeting of KUKA Aktiengesellschaft scheduled for 17 May 2022. Guangdong Midea Electric Co., Ltd., a wholly owned subsidiary of Midea Group Co., Ltd., holds via its wholly owned subsidiaries Midea Electric Netherlands (I) B.V. and Midea Electric Netherlands (II) B.V. more than 95% of the shares of KUKA Aktiengesellschaft. Guangdong Midea Electric Co., Ltd. thus is main shareholder in the meaning of section 327a para. 1 sentence 1 German Stock Corporation Act.

The effectiveness of the transfer of the shares of the minority shareholders depends on the approval of the general meeting of KUKA Aktiengesellschaft and the registration of the transfer resolution in the commercial register of KUKA Aktiengesellschaft.

Augsburg, 24 March 2022

KUKA Aktiengesellschaft
The Management Board

Contact:
Kerstin Heinrich
phone: +49 821 7975-481
fax: +49 821 7975-213
e-mail: kerstin.heinrich@kuka.com

24-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	KUKA Aktiengesellschaft
	Postfach 43 12 69
	86072 Augsburg
	Germany
Phone:	+49 (0)821 797 - 0
Fax:	+49 (0)821 7975 - 333
E-mail:	IR@kuka.com
Internet:	www.kuka.com
ISIN:	DE0006204407
WKN:	620440
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich
EQS News ID:	1311439


End of Announcement	DGAP News Service

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