029 Group SE

M&A Activity • Feb 13, 2020

News Details

Takeover Bids | 13 February 2020 18:00

Takeover Offer;

Target company: Godewind Immobilien AG; Bidder: Covivio X-Tend AG

Dissemination of an announcement according to the German Securities

Acquisition and Takeover Act (WpÜG), transmitted by DGAP – a service of

EQS Group AG.

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

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NOT A RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO

OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE

RELEVANT LAWS OF SUCH JURISDICTION

Publication pursuant to Sec. 10 para. 1 in conjunction with Sec. 29 para. 1

and Sec. 34 of the German Securities Acquisition and Takeover Act

(Wertpapiererwerbs- und Übernahmegesetz, WpÜG)

Bidder:

Covivio X-Tend AG

Knesebeckstraße 3

10623 Berlin, Germany

registered in the commercial register of the local court (Amtsgericht)

Berlin-Charlottenburg under HRB 214597 B

Target company:

Godewind Immobilien AG

Taunusanlage 8

60329 Frankfurt am Main, Germany

registered in the commercial register of the local court Frankfurt am Main

under HRB 111649

ISIN: DE000A2G8XX3

On February 13, 2020, Covivio X-Tend AG (the ‘Bidder’), a wholly owned

subsidiary of Covivio S.A., decided to make a voluntary public takeover

offer to shareholders of Godewind Immobilien AG (‘Godewind’) to acquire

their registered shares in Godewind Immobilien AG, each share representing

a pro rata amount of the registered share capital of EUR 1.00 (the

‘Godewind-Shares’), against payment of a cash consideration of EUR 6.40 per

Godewind-Share (the ‘Takeover Offer’).

The Bidder, Covivio S.A. and Godewind entered into a business combination

agreement, which addresses the key terms of the Takeover Offer as well as

the mutual intentions and common understandings of the parties with respect

to the Takeover Offer. On the basis of the business combination agreement,

the management board and supervisory board of Godewind will support the

Takeover Offer.

In order to secure the transaction, the Bidder entered into share purchase

agreements with various shareholders of Godewind, in which these

shareholders committed themselves to transfer their Godewind-Shares against

payment of a purchase price of EUR 6.40 per Godewind-Share. The share

purchase agreements, together with secured treasury shares and exercised

options, cover up to approximately 35% of Godewind’s fully diluted share

capital and are subject to certain closing conditions (in particular merger

clearance by the German Federal Cartel Office (Bundeskartellamt)), but

cannot be terminated unilaterally by either party.

The Bidder intends to conduct the Takeover Offer in the form of a

compensation offer (Sec. 39 para. 2 and 3 German Stock Exchange Act

(Börsengesetz, BörsG)) required for a delisting of the Godewind-Shares from

the regulated market of the Frankfurt Stock Exchange and has therefore

concluded corresponding agreements with Godewind.

The final terms and conditions of the Takeover Offer will be set forth in

the offer document and may, to the extent legally permissible, deviate from

the conditions and other key parameters described herein.

The offer document as well as further announcements relating to the

Takeover Offer will be published on the internet under www.x-tend-

angebot.de .

Important notice

This announcement is for information purposes only and constitutes neither

an invitation to sell, nor an offer to purchase, securities of Godewind

Immobilien AG (the ‘Company’). The final terms and further provisions

regarding the public takeover offer will be disclosed in the offer document

after its publication has been approved by the German Federal Financial

Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). To

the extent legally permissible, Covivio X-Tend AG (the ‘Bidder’) reserves

the right to deviate in the final terms of the public takeover offer from

the basic information described herein. Investors and holders of securities

of the Company are strongly recommended to read the offer document and all

announcements in connection with the public takeover offer as soon as they

are published, since they contain or will contain important information.

The public takeover offer will be made exclusively under the laws of the

Federal Republic of Germany, in particular under the German Securities

Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz –

WpÜG), and certain provisions of the securities laws of the United States

of America applicable to cross-border tender offers with a limited U.S.

shareholder base. The public takeover offer will not be executed according

to the provisions of jurisdictions other than those of the Federal Republic

of Germany or the United States of America (to the extent applicable).

Thus, no other announcements, registrations, admissions or approvals of the

public takeover offer outside of the Federal Republic of Germany have been

filed, arranged for or granted. Investors in, and holders of, securities in

the Company cannot rely on having recourse to provisions for the protection

of investors in any jurisdiction other than the provisions of the Federal

Republic of Germany or the United States of America (to the extent

applicable). Subject to the exceptions described in the offer document, as

well as any exemptions that may be granted by the relevant regulators, a

public takeover offer will not be made, neither directly nor indirectly, in

jurisdictions where to do so would constitute a violation of the laws of

such jurisdiction.

To the extent permissible under applicable law or regulation, and in

accordance with German market practice, the Bidder or its brokers may

purchase, or conclude agreements to purchase, shares in the Company,

directly or indirectly, outside of the scope of the public takeover offer,

before, during or after the period in which the offer remains open for

acceptance. This applies to other securities which are directly convertible

into, exchangeable for, or exercisable for shares in the Company. These

purchases may be completed via the stock exchange at market prices or

outside the stock exchange in negotiated transactions. Any information

about such purchases will be disclosed as required by law or regulation in

Germany or any other relevant jurisdiction.

To the extent any announcements in this document contain forward-looking

statements, such statements do not represent facts and are characterized by

the words ‘will’, ‘expect’, ‘believe’, ‘estimate’, ‘intend’, ‘aim’,

‘assume’ or similar expressions. Such statements express the intentions,

opinions or current expectations and assumptions of the Bidder and the

persons acting together with the Bidder. Such forward-looking statements

are based on current plans, estimates and forecasts, which the Bidder and

the persons acting together with the Bidder have made to the best of their

knowledge, but which they do not claim to be correct in the future.

Forward-looking statements are subject to risks and uncertainties that are

difficult to predict and usually cannot be influenced by the Bidder or the

persons acting together with the Bidder. These expectations and forward-

looking statements can turn out to be incorrect and the actual events or

consequences may differ materially from those contained in or expressed by

such forward-looking statements. The Bidder and the persons acting together

with the Bidder do not assume an obligation to update the forward-looking

statements with respect to the actual development or incidents, basic

conditions, assumptions or other factors.

Berlin, February 13, 2020

Covivio X-Tend AG

End of WpÜG announcement

End of WpÜG announcement

The 13.02.2020 DGAP Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Archive at www.dgap.de

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Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in

Berlin, Düsseldorf, Hamburg, München, Tradegate Excahnge