DGAP-Adhoc: RENK AG: Rebecca BidCo AG submits request for exclusion of the minority shareholders of Renk Aktiengesellschaft

2020. október 07., szerda, 12:21





DGAP-Ad-hoc: RENK AG / Key word(s): Squeeze Out/Funds


RENK AG: Rebecca BidCo AG submits request for exclusion of the minority shareholders of Renk Aktiengesellschaft


07-Oct-2020 / 12:21 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.




Augsburg, 7 October 2020. Rebecca BidCo AG (formerly: Rebecca BidCo GmbH) („Rebecca BidCo") today notified Renk Aktiengesellschaft („RENK"), that it holds  RENK shares repre-senting more than 90% of RENK"s registered share capital. At the same time, Rebecca BidCo submitted the request pursuant to Sec. 62 para. 1 und para. 5 of the German Transformation Act (UmwG) in conjunction with Sec. 327a para. 1 sentence 1 of the German Stock Corporation Act (AktG) that RENK"s general shareholders" meeting shall resolve to transfer the shares of the remaining shareholders (minority shareholders) to Rebecca BidCo in exchange for an adequate cash compensation in connection with a merger of RENK into Rebecca BidCo (merger squeeze-out - verschmelzungsrechtlicher Squeeze-out).

The amount of the adequate cash compensation to be determined by Rebecca BidCo will be notified by Rebecca BidCo to RENK separately in due time and will subsequently be published by RENK. The effectiveness of the merger squeeze-out is dependent on the approval by RENK"s general shareholders" meeting and the entry of the squeeze-out resolution and the mer-ger into the commercial registers at the seat of RENK and Rebecca BidCo, respectively.




Contact:

Mr Florian Hofbauer

CEO


Gögginger Straße 73

86159 Augsburg


+49 (0) 821 5700 215








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Language: English
Company: RENK AG

Gögginger Straße 73

86159 Augsburg

Germany
Phone: 0821-5700-266
Fax: 0821-5700-573
E-mail: winfried.vogl@renk.biz
Internet: https://www.renk-ag.com
ISIN: DE0007850000, DE0007850000
WKN: 785000
Listed: Regulated Market in Munich; Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Stuttgart
EQS News ID: 1139383





 
End of Announcement DGAP News Service




1139383  07-Oct-2020 CET/CEST







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