OSRAM Licht AG
OSRAM Licht AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
OSRAM Licht AG
Release pursuant to section 40 para. 1 sentence 1 and 43 para. 2 German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) By voting rights notification dated 28 February 2020, ams AG, Premstätten, Austria, notified us that on 26 February 2020 it exceeded the threshold of 20% of the voting rights in OSRAM Licht AG within the meaning of sections 33, 34 WpHG. In this context ams AG informed us on 24 March 2020 pursuant to section 43 paragraph 1 sentences 1, 3 and 4 WpHG as follows: 1. The acquisition of the voting rights in OSRAM Licht AG serves to implement strategic objectives. 2. It is planned to acquire further voting rights in OSRAM Licht AG within the next twelve months. 3. Beyond the move of Mr Ingo Bank to the Management Board of ams AG, which has been communicated on 6 March 2020, ams AG does not intend to effect or initiate a change of the composition of the Management Board of OSRAM Licht AG. Moreover, ams AG intends to be represented in the Supervisory Board of OSRAM Licht AG following the completion of the takeover offer in a manner appropriate to its shareholding in OSRAM Licht AG. 4. No material change in the capital structure of OSRAM Licht AG, in particular as regards the ratio between equity and debt and the dividend policy, is currently intended. The acquisition of the shareholding in OSRAM Licht AG by ams AG, which led to the aforementioned voting rights notification threshold being exceeded, was financed by equity means.
25.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | OSRAM Licht AG |
Marcel-Breuer-Straße 6 | |
80807 München | |
Germany | |
Internet: | www.osram-group.com |
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