17.03.2016
freenet AG DE000A0Z2ZZ5
DGAP-Adhoc: freenet AG: freenet AG acquires 23.83 per cent of Sunrise Communications Group AG
freenet AG / Key word(s): Investment
17.03.2016 22:50
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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freenet AG acquires 23.83 per cent of Sunrise Communications Group AG
Büdelsdorf, 17 March 2016 - Today, freenet AG [ISIN DE000A0Z2ZZ5] signed a
contract for the acquisition of 10,721,395 ordinary shares in Sunrise
Communications Group AG, Zurich, Switzerland. This constitutes a stake of
23.83 per cent in Sunrise Communications Group AG. Next month, in addition
to this, freenet AG is going to acquire a further stake of up to 330,183
shares, or 0.73 per cent of the share capital, in Sunrise Communications
Group AG under the same conditions.
The price of acquiring this 23.83% participating interest is around 714
million euros or 72.95 CHF per share in Sunrise Communications Group AG.
The dividend for the financial year 2015 will be due to freenet AG. The
dividend of 3.00 CHF per no-par-value share with entitlement to dividends
that was proposed by the company's board of directors will be the subject
of a resolution at Sunrise Communications Group AG's annual general meeting
on 15 April 2016.
The investment is cash accretive for freenet. The mobile communications
provider is confident that the transaction will have a positive impact on
its EBITDA and free cash flow. It is intended that freenet AG's CEO,
Christoph Vilanek, as well as the company's CFO, Joachim Preisig, are to be
represented on Sunrise Communications Group AG's board of directors. The
transaction is expected to be completed soon.
Sunrise is the largest private telecommunications provider in Switzerland
and has more than 3 million customers.
Investor Relations:
freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Phone: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
Email: [email protected]
17.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: freenet AG
Hollerstraße 126
24782 Büdelsdorf
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: [email protected]
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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