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New Work SE
Legal Proceedings Report • Feb 19, 2025
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Legal Proceedings Report
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Corporate | 19 February 2025 17:33
Burda Digital SE submits demand for squeeze-out
New Work SE / Key word(s): Squeeze Out
Burda Digital SE submits demand for squeeze-out
19.02.2025 / 17:33 CET/CEST
The issuer is solely responsible for the content of this announcement.
Hamburg, 19 February 2025 – Burda Digital SE (“ Burda ”) has on 18 February 2025 informed the management board of New Work SE (“ New Work ” or “ Company ”) that it directly holds 97.07% of New Work shares and has, as the Company’s principal shareholder, submitted a demand for the general meeting of New Work to pass a resolution on the transfer of the shares of the remaining minority shareholders of New Work to Burda against an appropriate cash settlement according to section 327a para. 1 sentence 1 Stock Corporation Act (squeeze-out under Stock Corporation Act).
Burda has announced that it will notify New Work of the amount of the cash settlement with an additional notice, a so-called specified demand, as soon as the amount has been determined.
19.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | New Work SE |
| Am Strandkai 1 | |
| 20457 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 419 131-793 |
| Fax: | +49 (0)40 419 131-44 |
| E-mail: | [email protected] |
| Internet: | https://www.new-work.se |
| ISIN: | DE000NWRK013 |
| WKN: | NWRK01 |
| Listed: | Regulated Unofficial Market in Hamburg |
| EQS News ID: | 2088779 |
| End of News | EQS News Service |
2088779 19.02.2025 CET/CEST