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WESTGRUND Aktiengesellschaft: ADLER submits formal request to management board of WESTGRUND for transfer of the shares of the minority shareholders of WESTGRUND

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WESTGRUND Aktiengesellschaft / Key word(s): Squeeze Out
WESTGRUND Aktiengesellschaft: ADLER submits formal request to management board of WESTGRUND for transfer of the shares of the minority shareholders of WESTGRUND

19-Apr-2021 / 18:52 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.

ADLER submits formal request to management board of WESTGRUND for transfer of the shares of the minority shareholders of WESTGRUND

Dissemination of an announcement according to Art. 17 para. 1 Market Abuse Regulation, Regulation (EU) No 596/2014 ("MAR").

--------------------------------------------------------------------

Today, ADLER Real Estate Aktiengesellschaft ("ADLER") submitted the formal request pursuant to Section 327a para. 1 sentence 1 of the German Stock Corporation Act (AktG) to WESTGRUND Aktiengesellschaft ("WESTGRUND") that the next extraordinary general meeting of WESTGRUND shall resolve to transfer the shares of the remaining shareholders (minority shareholders) of WESTGRUND to ADLER for an appropriate cash compensation (so-called squeeze-out under the German Stock Corporation Act).

In this respect, ADLER announced that it has set the cash compensation to be paid to the minority shareholders in exchange for the transfer of their shares at EUR 13.24 per no-par value bearer share of WESTGRUND.

The resolution on the transfer shall be passed at the extraordinary general meeting of WESTGRUND scheduled for June 9, 2021.

Berlin, 19 April 2021

WESTGRUND Aktiengesellschaft
Management Board




Contact:
Dr. Rolf-Dieter Grass
Tel: 0172 3862558
Mail: grass@westgrund.de

19-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

WESTGRUND Aktiengesellschaft

Am Karlsbad 11

10785 Berlin

Germany

Phone:

+49 30 39 80 18 10

Fax:

+49 30 39 80 18 199

E-mail:

info@westgrund.de

Internet:

www.westgrund.de

ISIN:

DE000A0HN4T3, DE000A14KCW5

WKN:

A0HN4T, A14KCW

Listed:

Regulated Market in Dusseldorf; Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Stuttgart, Tradegate Exchange

EQS News ID:

1186374


 

End of Announcement

DGAP News Service

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