EANS-Adhoc: D+S europe AG
Squeeze-out of minority shareholders implemented
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
25.06.2010
Hamburg, June 25, 2010. The resolution taken at the Annual General Meeting of D+S europe AG of August 27, 2009 on transfer of shares held by the Company´s minority shareholders to Pyramus S.à r.l., based in Luxemburg, Grand Duchy Luxemburg, as principal shareholder (so-called squeeze-out) has been registered in the Commercial Register of the Company and taken effect today.
On registration of the squeeze-out, the shares of minority shareholders are transferred by act of law to Pyramus S.à r.l. which is now the Company´s sole shareholder. Details on payment of compensation in cash to the minority shareholders agreed in the squeeze-out resolution in the amount of EUR 9.87 per no-par share will soon be announced separately by Pyramus S.à r.l. The corresponding announcement will be released in the electronic federal gazette (elektronischer Bundesanzeiger) as well as in the Börsenzeitung.
The shares of D+S europe AG will probably cease to be listed in the next few days. Until then stock exchange trading will only concern handling the cash compensations of minority shareholders, because from the time of registration of the squeeze-out in the Commercial Register the shares of the Company still recorded in the custody accounts will only certify the mentioned compensations in cash.
The registration of the squeeze-out in the Commercial Register was preceded by actions for rescission and for nullification filed against the squeeze out resolution by several shareholders after last year´s Annual General Meeting. After the cases were dismissed in the first instance by judgment of the District Court of Hamburg on May 7, 2010 the claimants abandoned their actions in the course of a recently concluded settlement in court.
end of announcement euro adhoc
Further inquiry note:
Investor Relations
Tel.: +49 (0)40 4114-3338
E-Mail: investor-relations@ds-ag.com
Branche: Advertising
ISIN: DE0005336804
WKN: 533680
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade