Zalando secures more than 90% of the shares in ABOUT YOU Holding SE and intends to carry out a squeeze-out of the minority shareholders
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EQS-Ad-hoc: ABOUT YOU Holding SE / Key word(s): Squeeze Out Hamburg, 7 March 2025 – ABOUT YOU Holding SE (ISIN DE000A3CNK42) (the “Company”) announces, that Zalando SE (“Zalando”) has informed the Company’s Management Board today of its firm intention to carry out a squeeze-out under stock corporation law or by way of a merger of the remaining minority shareholders of the Company against an adequate cash compensation following settlement of the takeover offer and the agreements concluded with the major shareholders of the Company.
According to Zalando, it will hold at least 159,448,689 shares in the Company following settlement of the takeover offer and the agreements concluded with the major shareholders of the Company. This corresponds to more than 90% of the share capital of the Company, excluding treasury shares held by the Company. The additional acceptance period for the takeover offer ended on 6 March 2025 at 24:00 hours (CET). The final results of the takeover offer are expected to be published on 11 March 2025. Therefore, according to Zalando, the requirements for a merger squeeze-out in accordance with Section 62 para. 1 and 5 of the German Transformation Act (Umwandlungsgesetz) will be met. In the event of a merger squeeze-out, Zalando intends to carry out the squeeze-out by way of a merger of the Company as transferring company with Zalando or a wholly-owned subsidiary of Zalando as the acquiring entity. Zalando’s shareholding in the Company may also amount to at least 95% of the share capital (excluding treasury shares held by the Company) based on the final acceptance ratio of the takeover offer and/or as a result of further share purchases upon or after settlement. In this event, according to Zalando, the conditions for a squeeze-out under stock corporation law in accordance with Section 327a para. 1 sentence 1 of the German Stock Corporation Act would be met. Zalando has also stated that it will submit a formal merger squeeze-out or squeeze-out under stock corporation law request to the Company in due course. The amount of the cash compensation will be determined at a later date. Contact for investors and analysts: End of Inside Information
07-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ABOUT YOU Holding SE |
| Domstraße 10 | |
| 20095 Hamburg | |
| Germany | |
| Phone: | +49 40 638 569 – 0 |
| E-mail: | info@aboutyou.de |
| Internet: | https://corporate.aboutyou.de |
| ISIN: | DE000A3CNK42 |
| WKN: | A3CNK4 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2096952 |
| End of Announcement | EQS News Service |
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2096952 07-March-2025 CET/CEST
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