EQS-News

Südzucker AG successfully completes delisting tender offer

EQS-News: Südzucker AG / Key word(s): Tender Offer Südzucker AG successfully completes delisting tender offer 28.02.2024 / 19:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

Mannheim, February 28, 2024

 

Südzucker AG successfully completes delisting tender offer

• Stake of Südzucker AG in CropEnergies AG increased to 94.2 percent as of today
• Listing of CropEnergies AG on the Frankfurt Stock Exchange expires at the end of February 28, 2024

Südzucker AG (”Südzucker”) announced on February 21, 2024, the results of the public delisting tender offer in connection with the delisting of CropEnergies AG (“CropEnergies”). During the acceptance period, which ended on February 16, 2024, 9,191,764 CropEnergies shares were tendered into the offer. This corresponds to approximately 10.5 percent of all outstanding CropEnergies shares. Including the CropEnergies shares acquired by Südzucker outside of the delisting tender offer, Südzucker’s shareholding in CropEnergies has increased (from around 69.2 percent) to around 94.2 percent as of today.

The listing of CropEnergies on the regulated market of the Frankfurt Stock Exchange will expire at the end of February 28, 2024, as announced by the Frankfurt Stock Exchange on February 23, 2024.

Dr Niels Pörksen, CEO of Südzucker, comments: “We are delighted that we were able to increase our shareholding in CropEnergies significantly following the successful conclusion of our attractive offer. We consider this to be a strong endorsement of the CropEnergies shareholders’ trust in the Südzucker Group which now presents itself with a clear capital market profile. We will use the freedom gained to implement our growth strategy.”

 

Important notice

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of CropEnergies AG nor an offer or recommendation to purchase shares of Südzucker AG.

The delisting tender offer has been published exclusively under the laws of the Federal Republic of Germany, in particular in accordance with the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, “WpÜG”) and the German Stock Exchange Act (Börsengesetz), as well as certain applicable provisions of the U.S. Securities Exchange Act. The offer document and further documentation relating to the delisting tender offer is available at www.powerofplants-offer.com. Any contract concluded on the basis of the delisting tender offer is exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.