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zooplus AG
ISIN: DE0005111702
WKN: 511170
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zooplus AG · ISIN: DE0005111702 · EQS - adhoc news (29 News)
Country: Germany · Primary market: Germany · EQS NID: 1246219
04 November 2021 10:39AM

Voluntary public takeover offer by Zorro Bidco S.à r.l. reaches minimum acceptance threshold of 50% plus one share; EBITDA guidance reduced for FY 2021 due to one-off transaction costs


DGAP-Ad-hoc: zooplus AG / Key word(s): Offer
Voluntary public takeover offer by Zorro Bidco S.à r.l. reaches minimum acceptance threshold of 50% plus one share; EBITDA guidance reduced for FY 2021 due to one-off transaction costs

04-Nov-2021 / 10:39 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.


zooplus AG - Publication of inside information according to Article 17 of the Regulation (EU) No 596/2014

zooplus AG: Voluntary public takeover offer by Zorro Bidco S.à r.l. reaches minimum acceptance threshold of 50% plus one share; EBITDA guidance reduced for the financial year 2021 due to one-off transaction costs

Munich, November 4, 2021 - Zorro Bidco S.à r.l. has informed zooplus AG (the "Company") today that its voluntary public takeover offer (the "Takeover Offer") to the shareholders of the Company for the acquisition of all shares in the Company (the "zooplus Shares" and each a "zooplus Share") has reached the minimum acceptance threshold of at least 50% of all zooplus Shares plus one zooplus Share. Thus, given that all offer conditions described in Section 12.1 the offer document for the Takeover Offer (the "Offer Document") have been fulfilled as of the expiry of the acceptance period on November 3, 2021 (24:00 hrs. local time Frankfurt am Main / 19:00 hrs. local time New York), the Takeover Offer will be consummated in accordance with the terms and conditions of the Offer Document. The final result of the Takeover Offer at the expiry of the initial acceptance period is expected to be published on November 8, 2021.

As a consequence of the anticipated consummation of the Takeover Offer, the Company will incur one-off transaction costs in a double-digit million Euro amount, which will impact the Company's earnings for the financial year 2021. As a result, the Management Board reduces its earnings guidance and is currently expecting an EBITDA for the full financial year 2021 in the range of EUR 20m and EUR 35m, after previously expecting a range of EUR 40m to EUR 80m. The sales guidance for the full financial year 2021 remains unchanged in the range of EUR 2.04bn to EUR 2.14bn.


Company profile:
zooplus AG is the leading online pet platform in Europe measured by sales. Founded as a German start-up in 1999, the company's business model has been successfully launched internationally, dedicated to the mission of creating moments of happiness between pets and pet parents across now 30 European countries. With a large and relevant product offering in the pet food and pet care & accessories range, zooplus caters to more than 8 million pet parents across Europe of which more than 5 million made more than two orders in 2020. The product range includes renowned international brands, popular local brand names as well as high-quality, exclusive own brand lines for pet food, accessories, care products, toys and much else for dogs, cats, birds, hamsters, horses and many other furry and non-furry friends. In addition, zooplus customers benefit from exclusive loyalty programs, best value for money proposition, fast and reliable delivery as well as a seamless digital shopping experience, combined with a variety of interactive content and community offerings. Sales totaled more than EUR 1.8 bn in the 2020 financial year, capturing roughly 7% of the around EUR 28 bn to EUR 29 bn (net) European pet supplies market, both offline and online combined.

For further information about zooplus, please visit investors.zooplus.com or our international shop site at zooplus.com.


Press / Investor relations contact:
zooplus AG
Diana Apostol
Sonnenstraße 15
80331 Munich
Phone: + 49 (0) 89 95006-210
Fax: + 49 (0) 89 95006-503
Email: ir@zooplus.com | press@zooplus.com
Website: https://investors.zooplus.com

Finsbury Glover Hering
Tanja Dorr
Ludwigstraße 8
80539 Munich
Phone: +49 (0) 89 20 60 465-803
Mobil.: +49 (0) 160 99 27 19 75
Email: tanja.dorr@fgh.com


04-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: zooplus AG
Sonnenstraße 15
80331 München
Germany
Phone: +49 (0)89 95 006 - 100
Fax: +49 (0)89 95 006 - 500
E-mail: contact@zooplus.com
Internet: investors.zooplus.com
ISIN: DE0005111702
WKN: 511170
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1246219

 
End of Announcement DGAP News Service

1246219  04-Nov-2021 CET/CEST

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