08.06.2018
German Startups Group GmbH & Co. KGaA DE000A1MMEV4
DGAP-Adhoc: German Startups Group GmbH & Co. KGaA: GSG resolves on public share purchase offer to buy back up to 200,000 shares
DGAP-Ad-hoc: German Startups Group GmbH & Co. KGaA / Key word(s): Share
Buyback
German Startups Group GmbH & Co. KGaA: GSG resolves on public share purchase
offer to buy back up to 200,000 shares
08-Jun-2018 / 10:44 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.
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APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE AD-HOC
RELEASE.
+++ ad-hoc announcement +++
Disclosure of an inside information acc. to Art. 17 Sec. 1 of the Regulation
(EU) No. 596/2014 (Market Abuse Regulation - MAR)
German Startups Group resolves on public share purchase offer
to buy back up to 200,000 shares
Berlin, 8 June 2018 - The managing general partner of German Startups Group
GmbH & Co. KGaA (ISIN DE000A1MMEV4 / WKN A1M MEV), a leading venture capital
provider in Germany and Berlin-based digital agency with 140 employees, has
resolved today, utilizing the authorization of the annual general meeting of
23 March 2016, to buy back up to 200,000 shares of the company
(corresponding to a maximum of up to 1.7% of the company's registered share
capital) through a public share purchase offer against payment of an offer
price in the amount of 1.85 euro. The company reserves the right to adjust
the offer price if a significant increase in share price occurs before or
during the term of acceptance.
Gerlinger & Partner GmbH, shareholder and private investment company of the
managing general partner's managing director, Christoph Gerlinger, will not
accept the share purchase offer for the shares held by it.
The offer period will commence on 15 June 2018, 00:00 (CEST) and is expected
to end on 15 July 2018, 12:00 (CEST). If more than 200,000 shares are
tendered for buyback under this public share purchase offer, the
declarations of acceptance will be considered proportionally, i.e. in the
ratio of the 200,000 shares to the aggregate number of shares tendered for
buyback. Further details on the public share purchase offer are contained in
the offer document, which will be published on the company's website
(www.german-startups.com) under the heading "For Shareholders" prior to the
commencement of the offer period, on 15 June 2018, as well as subsequently
in the German Federal Gazette under www.bundesanzeiger.de.
Additionally, the managing general partner has resolved today, with the
approval of the supervisory board, to terminate the share buy-back program
for own shares, which commenced on 1 May 2018 and was expected to end on 15
June 2018, early. Under this share buy-back program, which was also resolved
based on the authorization to acquire own shares by the annual general
meeting of 23 March 2016, the company has until today acquired 30,367 own
shares (corresponding to a portion of 0.25% of the company's registered
share capital).
Investor relations contact
German Startups Group
Marcel Doeppes
Mail: [email protected]
Disclaimer
This release may not be published, distributed or transmitted in the United
States, Canada, Australia or Japan. This release is not directed to or
intended for distribution to or use by, any person or entity that is a
citizen or resident or located in any locality, state, country or other
jurisdiction where such distribution, publication, availability or use would
be contrary to law or regulation or which would require any registration or
licensing within such jurisdiction.
Neither this release nor its content may be published, dispatched,
distributed or disseminated within the United States of America, and in each
case neither by means of utilization of any postal service nor by any other
means or instruments of business communication between single states or
foreign trade or any facilities of a national stock exchange of the United
States of America. This includes, among others, submission by fax,
electronic post, telex, telephone and the internet. Copies of this release
or any other documents related to this release may also not be distributed
or submitted to or within the United States of America.
These materials do not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities of the Company in the United
States, Germany or any other jurisdiction.
This release contains forward-looking statements. These statements are based
on the current views, expectations and assumptions of the management of
German Startups Group GmbH & Co. KGaA ("German Startups Group") and involve
known and unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or implied
in such statements. Actual results, performance or events may differ
materially from those described in such statements due to, among other
things, changes in the general economic and competitive environment, risks
associated with capital markets, currency exchange rate fluctuations and
competition from other companies, changes in international and national laws
and regulations, in particular with respect to tax laws and regulations, and
other factors. German Startups Group does not assume any obligations to
update any forward-looking statements.
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08-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: German Startups Group GmbH & Co. KGaA
Platz der Luftbrücke 4-6
12101 Berlin
Germany
Phone: +49.30.6098890.80
Fax: +49.30.6098890.89
E-mail: [email protected]
Internet: www.german-startups.com
ISIN: DE000A1MMEV4
WKN: A1MMEV
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Tradegate Exchange
End of Announcement DGAP News Service
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693731 08-Jun-2018 CET/CEST
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