09.08.2018
Grammer AG DE0005895403
DGAP-News: Successful tender offer to the shareholders of GRAMMER AG
DGAP-News: Grammer AG / Key word(s): Miscellaneous
Successful tender offer to the shareholders of GRAMMER AG
09.08.2018 / 15:06
The issuer is solely responsible for the content of this announcement.
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Successful tender offer to the shareholders of GRAMMER AG
- Anchor shareholder Ningbo Jifeng increases its share in Grammer AG to 74
percent
- Grammer welcomes successful tender offer
- Existing strategic partnership to be strengthened based on business
combination agreement (BCA)
Amberg, August 9, 2018 - In a mandatory disclosure issued today in
accordance with Section 23 (1) Sentence 1 Number 2 of the German Securities
Acquisition and Takeover Act (WpÜG), Jiye Auto Parts GmbH, a company
associated with Chinese automotive supplier Ningbo Jifeng and Grammer's
strategic partner, has announced that around 48.45 percent of Grammer's
shareholders accepted the tender offer. Ningbo Jifeng's associated companies
currently hold 25.56 percent of Grammer's shares. Including the shares that
have now been tendered, this stake increased to 74.02 percent.
Grammer AG shareholders who have not yet accepted the offer may do so within
a further 14-day acceptance period, which expires at 24:00 hours on August
23, 2018.
Grammer has had a strategic partnership with Ningbo Jifeng since February
2017. The tender offer is also linked to a far-reaching business combination
agreement guaranteeing jobs, facilities, expertise and brand names of
Grammer Group over the coming years and securing the company's independence
and growth strategy.
The offer is no longer subject to regulatory clearances or other closing
conditions. The transaction is expected to be executed in the course of the
third quarter of 2018.
Company profile
Located in Amberg, Germany, Grammer AG specializes in the development and
production of components and systems for automotive interiors as well as
suspension driver and passenger seats for onroad and offroad vehicles.
In the Automotive Division, we supply headrests, armrests, center console
systems and high-quality interior components and operating systems to
premium automakers and automotive system suppliers. The Commercial Vehicle
Division comprises seats for the truck and offroad seat segments (tractors,
construction machinery, forklifts) as well as train and bus seats.
With over 13,000 employees, Grammer operates in 19 countries around the
world.
Grammer shares are listed in the SDAX and traded on the Frankfurt and Munich
stock exchanges via the electronic trading system Xetra
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
[email protected]
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09.08.2018 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.
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: Grammer AG
Georg-Grammer-Str. 2
92224 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: [email protected]
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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