CECONOMY AG

Share Issue/Capital Change • Jul 12, 2017

News Details

Ad-hoc | 12 July 2017 10:08

METRO AG: Effectiveness of METRO AG’s demerger

METRO AG / Key word(s): Miscellaneous

12-Jul-2017 / 10:08 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

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

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On 12 July 2017, upon registration in the commercial register of METRO AG, the demerger of METRO AG became legally effective. Accordingly, the wholesale and food retail businesses pursued by the METRO Cash & Carry and Real sales lines and pertaining activities (MWFS Business Division) were transferred legally to METRO Wholesale & Food Specialist AG (future METRO AG) by way of hive-down and spin-off. The consumer electronics business (entertainment and household electronics) as well as the pertaining activities (CE Business Division) remain with METRO AG (future CECONOMY AG).

As consideration for the spun-off assets, METRO Wholesale & Food Specialist AG grants the shareholders of METRO AG, free of charge, new shares in METRO Wholesale & Food Specialist AG in accordance with a share allocation ratio of 1 : 1. Shareholders of METRO AG receive proportionately, according to their respective shareholdings, for each ordinary share in METRO AG one ordinary share in METRO Wholesale & Food Specialist AG and for each non-voting preference share in METRO AG one non-voting preference share in METRO Wholesale & Food Specialist AG.

Technically, the shares in METRO Wholesale & Food Specialist AG will be allotted to the shareholders of METRO AG on this 12 July 2017 after close of trading. The allotment depends on the number of shares in METRO AG held by each shareholder of METRO AG at the time of allotment. Shareholders, who will have sold their shares in METRO AG prior to this point in time, will not receive any shares in METRO Wholesale & Food Specialist AG.

The first day of trading of the shares in METRO Wholesale & Food Specialist AG on the regulated market of the Frankfurt Stock Exchange (Prime Standard) and, additionally, on the Luxembourg Stock Exchange is scheduled for 13 July 2017. On the same day, the shares in METRO AG (future CECONOMY AG) will be listed “ex spin-off”. Until this day, trading in the shares in METRO Wholesale & Food Specialist AG is not yet possible and the shares in METRO AG will still be traded “cum MWFS Business Division”.

Person making the notification:

Bernd Steffes-mies, Vice President Group Corporate Legal, METRO AG

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12-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	METRO AG
	Metro-Straße 1
	40235 Düsseldorf
	Germany
Phone:	+49 (0)211 6886-1050
Fax:	+49 (0)211 6886-5500
E-mail:	sebastian.kauffmann@metro.de
Internet:	www.metrogroup.de
ISIN:	DE0007257503, DE0007257537, Weitere: www.metro.de/investor relations
WKN:	725750, 725753, Weitere: www.metro.de/investor relations
Indices:	MDAX
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of Announcement	DGAP News Service