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New Work SE
Legal Proceedings Report • May 8, 2025
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Legal Proceedings Report
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Corporate | 8 May 2025 10:57
Burda Digital SE submits specified demand for squeeze-out and determines cash compensation for transfer of the shares of the minority shareholders of New Work SE at EUR 105.65
New Work SE / Key word(s): Squeeze Out
Burda Digital SE submits specified demand for squeeze-out and determines cash compensation for transfer of the shares of the minority shareholders of New Work SE at EUR 105.65
08.05.2025 / 10:57 CET/CEST
The issuer is solely responsible for the content of this announcement.
Hamburg, 8. May 2025
On 7 May 2025, Burda Digital SE has submitted a specific request to the Management Board of New Work SE (“ Company ”) for the transfer of the shares of the Company’s minority shareholders to Burda Digital SE as the main shareholder in exchange for an appropriate cash settlement in accordance with Section 327a para 1 sentence 1 of the Stock Corporation Act (AktG) (squeeze-out under Stock Corporation Act).
In this context, Burda Digital SE has informed the Management Board of the Company that it holds approximately 97.07% of the Company’s share capital and has set the cash compensation for the transfer of the shares of the Company’s minority shareholders to it at EUR 105.65 per share of the Company. On 7 May 2025, the court-appointed expert auditor has confirmed that the cash compensation determined by Burda Digital SE is appropriate.
The transfer of the shares of the minority shareholders of the Company to Burda Digital SE as the main shareholder in exchange for a cash settlement of EUR 105.65 per share of the Company is to be resolved at the Company’s Annual General Meeting, which is expected to take place on 23 June 2025.
The squeeze-out under Stock Corporation Act will only become effective upon entry of the approving resolution of the Company’s Annual General Meeting in the commercial register.
08.05.2025 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.
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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: | 2133334 |
| End of News | EQS News Service |
2133334 08.05.2025 CET/CEST