DGAP-Adhoc 109 0 Kommentare Tuff Group AG: Possible changes in the shareholder base and Group structure

DGAP-Ad-hoc: Tuff Group AG / Key word(s): Strategic Company Decision/Letter of Intent
Tuff Group AG: Possible changes in the shareholder base and Group structure

02-Dec-2021 / 13:30 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.

Possible changes in the shareholder base and Group structure

Frankfurt am Main, 2 December 2021: Tuff Group AG, Frankfurt am Main, announces that it has become aware that the core shareholders of the Company, namely Mr. Ganesh Paulraj and Mr. Natarajan Paulraj, who together hold approximately 95% of the shares of the Company, are currently in concrete discussions with an investor with regards to the off-market sale of the shares held by them. Negotiations with the investor are almost complete and it is believed that it is likely that a signing of the sale and purchase agreements will take place shortly.

In addition, the Company announces that, also in light of the likely implementation of the disposal of its shareholding and the consequent change in its shareholder base, it is seriously considering disposing of the shares in its sole subsidiary, Tuff Offshore Engineering Services Pte. Ltd., Singapore, to the outgoing major shareholder, Mr. Ganesh Paulraj, subject to the prior approval of the Company's Annual General Meeting on such sale and purchase agreement. There has also been a corresponding request for additions to the agenda by the shareholder Mr. Ganesh Paulraj, which has been received in due form and time, and which the Company will therefore publish in accordance with the legal requirements.

Contact:
Natarajan Paulraj
CEO
Marienplatz 2, 80331 Munich
email: ir@tuffgroup.com

02-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Tuff Group AG
	Marienplatz 2
	80331 Munich
	Germany
Phone:	+49 89 13928890
E-mail:	investorrelations@tuffgroup.com
Internet:	www.tuffgroup.com
ISIN:	DE000A161N22
WKN:	A161N2
Listed:	Regulated Market in Frankfurt (General Standard)
EQS News ID:	1253737