Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

DLST - HORNBACH Baumarkt AG intends to delist shares; public delisting offer announced by largest shareholder for 47.50 per share; HORNBACH Baumarkt AG to support public delisting offer.

Company: HORNBACH Baumarkt AG Date: 2021-12-20 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.html) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

 News Details

Ad-hoc | 20 December 2021 13:52

#   

HORNBACH Baumarkt AG intends to delist shares; public delisting offer announced by largest shareholder for € 47.50 per share; HORNBACH Baumarkt AG to support public delisting offer.

HORNBACH Baumarkt AG / Key word(s): Delisting  

HORNBACH Baumarkt AG intends to delist shares; public delisting offer announced by largest shareholder for € 47.50 per share; HORNBACH Baumarkt AG to support public delisting offer.  

  

20-Dec-2021 / 13:52 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.  

  

- - -

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION  

  

**HORNBACH Baumarkt AG intends to delist shares; public delisting offer announced by largest shareholder for € 47.50 per share; HORNBACH Baumarkt AG to support public delisting offer.**  

  

**Bornheim (Palatinate), December 20, 2021  

The Management Board of HORNBACH Baumarkt AG (the “Company”) (ISIN DE0006084403 / WKN 608440) today resolved, with the approval of the Supervisory Board, to conduct a delisting in coordination with HORNBACH Holding AG Co. KGaA ( “HORNBACH Holding”), which holds approx. 76.4 % of the shares of the Company. The Company will submit an application for the revocation of the admission of the shares to trading on the regulated market of the Frankfurt Stock Exchange in due course, following the publication of a delisting tender offer by HORNBACH Holding.**  

  

For this purpose, the Company, with the approval of the Supervisory Board, today concluded a delisting agreement with HORNBACH Holding. Under the terms of the delisting agreement, HORNBACH Holding has undertaken to offer to acquire the shares of other shareholders of the Company for a cash consideration of € 47.50 per share.

The Company has undertaken – subject to a review of the offer document and consideration of statutory obligations – to submit an application for revocation of the admission of its shares to trading on the regulated market of the Frankfurt Stock Exchange during the acceptance period for the delisting tender offer and to support the delisting tender offer. The Company will comment on the delisting tender offer within the framework of the legal requirements set out in Section 27 of the German Securities Acquisition and Takeover Act (WpÜG).

The management board of the Frankfurt Stock Exchange will decide on the application for revocation of the admission of the shares. The Company’s Management Board expects that the revocation will take effect in accordance with the provisions of the Exchange Rules of the Frankfurt Stock Exchange three trading days after the publication of the revocation, which should take place immediately following the decision of the Management Board of the Frankfurt Stock Exchange. Once the revocation has taken effect, the shares of the Company will no longer be admitted to trading or traded on a domestic regulated market or a comparable market abroad.

**Important notice**  

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of HORNBACH Baumarkt AG. The definitive terms of the Delisting Offer, as well as further provisions concerning the Delisting Offer, will be set out in an offer document to be published by HORNBACH Holding AG & Co. KGaA following approval by the German Federal Financial Supervisory Authority (BaFin). Investors and holders of shares in HORNBACH Baumarkt AG are strongly advised to read the offer document and all other relevant documents regarding the Delisting Offer, when they become available, since they will contain important information.  

The Delisting Offer will be published exclusively under the laws of the Federal Republic of Germany, in particular in accordance with the German Securities Acquisition and Takeover Act ( *Wertpapiererwerbs- und Übernahmegesetz* ) and the German Stock Exchange Act ( *Börsengesetz* ), as well as certain applicable provisions of the U.S. Securities Exchange Act. The documentation relating to the Delisting Offer will be available at www.pluto-offer.com. Any contract that is concluded on the basis of the Delisting Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.  

To the extent permissible under applicable law or regulation, and in accordance with German market practice, HORNBACH Holding AG & Co. KGaA, its affiliates or its brokers may purchase, or conclude agreements to purchase, shares of HORNBACH Baumarkt AG, directly or indirectly, outside of the scope of the Delisting Offer, before, during or after the period in which the offer remains open for acceptance. This also applies to other securities which are directly convertible into, exchangeable for, or exercisable for shares of HORNBACH Baumarkt AG. These purchases may be completed via the stock exchange at market prices or outside the stock exchange at negotiated conditions. Any information on such purchases will be disclosed as required by law or regulation in Germany or any other relevant jurisdiction and on www.pluto-offer.com.

  

  

  

Contact:  

Antje Kelbert  

Head of Group Communications and Investor Relations  

HORNBACH Holding AG & Co. KGaA  

Phone +49 (0) 6348 602444  

antje.kelbert@hornbach.com  

  

Anne Spies  

Managerin Investor Relations  

HORNBACH Holding AG & Co. KGaA  

Phone+49 (0) 6348 604558  

anne.spies@hornbach.com

- - -

20-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

- - -

|     |     |
| --- | --- |
| Language: | English |
| Company: | HORNBACH Baumarkt AG |
|     | Hornbachstraße |
|     | 76878 Bornheim bei Landau/Pfalz |
|     | Germany |
| Phone: | +49 (0)6348 / 60 00 |
| Fax: | +49 (0)6348 / 60 40 00 |
| E-mail: | info@hornbach.de |
| Internet: | www.hornbach.de |
| ISIN: | DE0006084403 |
| WKN: | 608440 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1260008 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | DGAP News Service |

![show this](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1260008&application_name=news&site_id=news_data)