Carl Zeiss Meditec AG

  • WKN: 531370
  • ISIN: DE0005313704
  • Land: Deutschland

Nachricht vom 17.12.2020 | 13:30

Carl Zeiss Meditec AG: Release according to Article 111c (4) of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

Carl Zeiss Meditec AG / Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act]
17.12.2020 / 13:30
Dissemination of a Related Party Transactions announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Carl Zeiss Meditec, Inc., Dublin, CA, USA, a 100% subsidiary of Carl Zeiss Meditec AG (ISIN: DE0005313704), today has signed a long-term lease agreement for a new site at the Dublin, California, location as tenant with Carl Zeiss , Inc., White Plains, NY, USA, a 100% subsidiary of Carl Zeiss, AG, which holds a total direct and indirect stake of approximately 59% in Carl Zeiss Meditec AG shares, as landlord.

The duration of the lease agreement is 10 years, starting on 1 January 2021. The annual base rent is approx. USD 5.7 million. The total value of the lease is approx. USD 62 million for the duration of 10 years and including a dynamic annual rent increase. The rented facilities will have a usable area of about 11,800 square meters.

In the opinion of the Management Board of Carl Zeiss Meditec AG, the terms of the new lease agreement are in line with standard market conditions on the basis of comparable local rents for commercial properties of a similar type, size, condition, development and location. The Management Board has evaluated standard market conditions on the basis of comprehensive documentation, in which rental conditions at the current location are compared with rental or leasing offers from third-party providers in the region, taking into account also planned expansion and development costs. Carl Zeiss Meditec, Inc. currently employs more than 700 people at its Dublin site. A further increase in the number of employees is expected in the coming years and the new premises are designed to accommodate the company's strong growth.

17.12.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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