DGAP-WpÜG
Takeover Offer;
Target company: Sky Deutschland AG; Bidder: Kronen tausend985 GmbH
Dissemination of an announcement according to the German Securities
Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a company of
EQS Group AG.
The bidder is solely responsible for the content of this announcement.
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Sky Deutschland AG Announcement: Decision to Make an Offer for Sky
Deutschland AG
Art. 10 WpÜG announcement:
NON-BINDING ENGLISH CONVENIENCE TRANSLATION
Announcement of the decision to make a voluntary public takeover offer
(freiwilliges öffentliches Übernahmeangebot) pursuant to section 10 para. 1
in conjunction with sections 29 para. 1, 34 of the German Securities
Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG)
Offeror:
Kronen tausend985 GmbH
Denninger Straße 84
81925 München
Deutschland
registered with the commercial register of the local court (Amtsgericht) of
Munich under HRB 211181
Target Company:
Sky Deutschland AG
Medienallee 26
85774 Unterföhring
Germany
registered with the commercial register of the local court (Amtsgericht) of
Munich under HRB 154549
ISIN: DE000SKYD000
WKN: SKYD00
The shares of the target company are listed in the regulated market (Prime
Standard) of Frankfurt Stock Exchange and are traded in the over the
counter market (Freiverkehr) in Berlin, Düsseldorf, Hamburg, Hannover,
Munich and Stuttgart.
Kronen tausend985 GmbH ('Bidder') decided today to make a voluntary public
takeover offer to the shareholders of Sky Deutschland AG ('SkyD') (the
'Offer') for the purchase of their ordinary registered shares with no par
value in SkyD (the 'SkyD-Shares') against payment of a cash consideration
of EUR 6.75 per SkyD-Share.
The Bidder has also entered today into a share purchase agreement with 21st
Century Fox Adelaide Holdings B.V. ('21CF') for the acquisition of 21CF's
57.4% stake in SkyD on a fully diluted basis (after exercise of the
convertible bond held by 21CF).
The Bidder is an indirect wholly-owned subsidiary of British Sky
Broadcasting Group plc, a public limited company incorporated in the United
Kingdom.
The Offer will be subject to conditions to be set out in the offer
document, including regulatory clearances. The Offer will not be subject to
a minimum acceptance condition.
The offer document (in German and a non-binding English translation)
containing the detailed terms and conditions of, and other information
relating to, the Offer will be published on the internet at:
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