|
EQS-Ad-hoc: SMT Scharf AG / Key word(s): Mergers & Acquisitions SMT Scharf AG gains new strategic core shareholder/ Admission of the shares to the Regulated Market planned Hamm, March 01, 2024 – SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2) announces that its core shareholders, Shareholder Value Beteiligungen AG, Share Value Stiftung as well as Shareholder Value Management AG, have informed it, that the core shareholders and other shareholders entered into binding agreements with Yankuang Energy Group Company Limited based in the province of Shandong, China, on 01 March 2024 for the acquisition of a total interest of approx. 52.66% in SMT Scharf AG by Yankuang Energy Group Company Limited at a price of EUR 11.10 per share. This price per share is still subject to a fixed adjustment mechanism depending on certain variables until the closing of the transaction, which may lead to a deduction of the price per share. The completion of the transaction is still subject to the occurrence of customary closing conditions, in particular the completion of investment control proceedings under public law in Germany and government regulatory approvals in other jurisdictions of subsidiaries of SMT Scharf AG as well as the approval by the competent Chinese authorities. Yankuang Energy Group Company Limited takes mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics as pillar industries. It is a mega-sized energy enterprise in China that enjoys four major listing platforms in China and beyond (Shanghai, Hong Kong, New York, Australia). Furthermore, SMT Scharf AG announces, that it intends to apply for admission of the shares of SMT Scharf AG to the Regulated Market of the Frankfurt Stock Exchange and to the sub-segment of the Regulated Market with additional post-admission obligations (Prime Standard) after completion of the transaction.
Contact Investor Relations
-End of the ad-hoc announcement- End of Inside Information
01-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | SMT Scharf AG |
| Römerstrasse 104 | |
| 59075 Hamm | |
| Germany | |
| Phone: | +49 2381 960-01 |
| Fax: | +49 2381 960-311 |
| E-mail: | info@smtscharf.com |
| Internet: | www.smtscharf.com |
| ISIN: | DE000A3DRAE2 |
| WKN: | A3DRAE |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1849061 |
| End of Announcement | EQS News Service |
|
|
1849061 01-March-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
