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DGAP-News: German Startups Group GmbH & Co. KGaA: German Startups Group completes buyback of 900,115 own shares

DGAP-News: German Startups Group GmbH & Co. KGaA / Key word(s): Share Buyback


German Startups Group GmbH & Co. KGaA: German Startups Group completes buyback of 900,115 own shares


11.07.2019 / 11:41



The issuer is solely responsible for the content of this announcement.


+++ Presse release +++

 

German Startups Group completes buyback of

900,115 own shares



Berlin, 11 July 2019 - German Startups Group, a leading venture capital provider in Germany and Berlin-based digital agency with 150 employees, closes its share buyback. As part of the public share buyback offer published 29 May 2019 on the Company's website and in the German Federal Gazette, a total of 1.138.342 shares have been tendered to German Startups Group GmbH & Co. KGaA until the end of the extended acceptance period on 8 July 2019 (12:00 pm MEZ).

The repurchase offer related to the acquisition of up to 900,115 registered no-par-value shares of German Startups Group GmbH & Co. KGaA in exchange for a cash payment of EUR 1.50 per share. As the total number of shares tendered in the offer exceeds 900,115, all acceptance declarations for up to 100 shares will be considered fully while declarations above will be considered pro rata in accordance with section 3.5 of the offer document of the share buyback, for every 100 tendered shares on average 79 shares at a price of 1.50 Euro are acquired.

The tendered shares, for which the received acceptance declarations could be taken into account are expected to be transferred on 16 July 2019 from the customers' depository accounts against payment of the offered price. Shares for which the declaration of acceptance could not be taken into account due to the pro rata consideration, remain in the customer depository accounts and are reversed to the original security identification number (WKN) A1MMEV4 or ISIN DE000A1MMEV4 which is listed in the scale segment of the open market at Frankfurt Stock Exchange.
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