DGAP-News: msg life ag: Amendment agreement re control agreement with msg systems AG

2020. november 06., péntek, 20:05







DGAP-News: msg life ag


/ Key word(s): Contract






msg life ag: Amendment agreement re control agreement with msg systems AG








06.11.2020 / 20:05




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




msg life ag:



Amendment agreement re control agreement with msg systems AG



(Leinfelden-Echterdingen, 6 November 2020) - Due to the change in the base rate, msg life ag ("msg life") and msg systems AG ("msg systems") have today agreed to increase the consideration to be offered to msg life shareholders pursuant to Section 6 (1) of the control agreement dated 25 September 2020 by EUR 0.04 from EUR 2.44 to EUR 2.48 per msg life share.



The sole reason for this change is the fact that, following conclusion of the control agreement, the base rate upon which msg life"s enterprise valuation was based changed from 0.0% to -0.1%. This resulted in an increase in the consideration to be offered to EUR 2.48 per msg life share. Like the control agreement, the guaranteed dividend is to remain unchanged. The amendment agreement re the control agreement as well as the interim declarations by VALNES Corporate Finance GmbH and Mazars GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft will be made available in the Investor Relations section on the msg life home page.



About msg life



As part of the independent, internationally active msg Group, msg life ag and its subsidiaries are among the leading software and consulting companies for the European insurance sector. The services of msg life range from the development and implementation of standard software and the provision of consultancy services to the handling of full IT operations (cloud solutions). The msg life Group has its head office in Leinfelden-Echterdingen and offices in Munich, Düsseldorf, Hamburg and Cologne, plus subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia, Portugal and the USA. It currently employs a workforce of nearly 1,200.



Contact


Frank Fahrner

Public & Investor Relations

msg life ag

Humboldtstraße 35

70771 Leinfelden-Echterdingen

Germany


Phone: +49 711 94958-9730

Fax: +49 711 94958-9658

E-Mail: frank.fahrner@msg-life.com














06.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: msg life ag

Humboldtstraße 35

70771 Leinfelden-Echterdingen

Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations@msg-life.com
Internet: www.msg-life.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulated Unofficial Market in Hamburg
EQS News ID: 1146328





 
End of News DGAP News Service





1146328  06.11.2020 



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