EQS-News

HomeToGo Announces Results of Public Share Tender Offer

EQS-News: HomeToGo SE / Key word(s): Share Buyback HomeToGo Announces Results of Public Share Tender Offer 17.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. HomeToGo Announces Results of Public Share Tender Offer

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Luxembourg, 17 April 2024 - HomeToGo SE (Frankfurt Stock Exchange: HTG), the SaaS-enabled marketplace with the world’s largest selection of vacation rentals, today announced that upon expiry of the acceptance period of the previously-published public share tender offer for Class A shares in the Company on 12 April 2024, 24:00 (CEST), a total of 3,744,219 Class A shares were tendered to the Company for buyback within the purchase price range of €2.00 up to €2.40 Based on the maximum volume of up to €2.5 million offered by the Company for the repurchase of Class A shares and the volumes and prices offered by tendering HomeToGo shareholders within the purchase price range, the Company will repurchase 1,249,991 Class A shares at a purchase price of €2.00 per share and an aggregate purchase price of approximately €2.5 million thereby increasing the effectiveness of the ongoing 2023 share buyback program without expanding the overall size of repurchases. At the Final Purchase Price of €2.00 per share, a total of 2,729,251 Class A shares were validly tendered to the Company for buyback.

As the total number of Class A shares validly tendered at the Final Purchase Price exceeds the number of Class A shares that will be repurchased, the HomeToGo Class A shares tendered for sale at the Final Purchase Price by any tendering HomeToGo shareholder will only be acquired on a pro rata basis, i.e. corresponding to the ratio of the number of Class A shares that will be purchased pursuant to this offer to the aggregate number of Class A shares tendered by HomeToGo shareholders at the Final Purchase Price. This leads to an allocation ratio of approximately 0.458 per tendered share. Any fractional amounts are always rounded down.