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BAUER Aktiengesellschaft
ISIN: DE0005168108
WKN: 516810
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BAUER Aktiengesellschaft · ISIN: DE0005168108 · EQS - adhoc news (70 News)
Country: Germany · Primary market: Germany · EQS NID: 1610541
18 April 2023 12:23PM

BAUER Aktiengesellschaft: Executive Board supports the delisting sought by SD Thesaurus GmbH


EQS-Ad-hoc: BAUER Aktiengesellschaft / Key word(s): Delisting
BAUER Aktiengesellschaft: Executive Board supports the delisting sought by SD Thesaurus GmbH

18-Apr-2023 / 12:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Schrobenhausen, Germany – The Executive Board of BAUER Aktiengesellschaft (ISIN DE0005168108) has decided to support the delisting of the shares of BAUER AG from the Regulated Market of the Frankfurt Stock Exchange as sought by SD Thesaurus GmbH and the Supervisory Board of the company has approved this decision today.

For this purpose, BAUER AG and SD Thesaurus GmbH will conclude a corresponding delisting agreement. SD Thesaurus GmbH can now structure the triggered mandatory offer procedure as a delisting offer at the same time and submit an offer to the shareholders in accordance with section 39 para. 2 item 1 of the Stock Exchange Act.

The company is commited to file an application for revocation of the admission of the company's shares to trading on the Regulated Market of the Frankfurt Stock Exchange during the acceptance period of the Delisting Acquisition Offer, so that a delisting should become effective shortly after completion of the Delisting Acquisition Offer at the latest. BAUER AG will not apply for inclusion of its shares in the Open Market of a stock exchange.

The decision to delist was taken because the economic benefit of including the company's shares in the Regulated Market no longer justifies the associated expense. The regulatory framework caused by the capital market listing is increasingly restricting the company and causing significant additional costs to comply with and implement the numerous legal requirements. The withdrawal is associated with a reduction in the company's future administrative and cost expenditure.

After presentation of the offer document by SD Thesaurus GmbH, the Executive Board and the Supervisory Board will comment on this separately.


Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
investor.relations@bauer.de
www.bauer.de


End of Inside Information

18-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Germany
Phone: +49 (0)8252 97 1218
Fax: +49 (0)8252 97 2900
E-mail: investor.relations@bauer.de
Internet: www.bauer.de
ISIN: DE0005168108
WKN: 516810
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1610541

 
End of Announcement EQS News Service

1610541  18-Apr-2023 CET/CEST

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