DGAP-News

United Internet AG: Voluntary tender offer for Drillisch - Acceptance rate amounts to 1.24 percent

DGAP-News: United Internet AG / Key word(s): Offer United Internet AG: Voluntary tender offer for Drillisch - Acceptance rate amounts to 1.24 percent 28.06.2017 / 12:30 The issuer is solely responsible for the content of this announcement.

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Montabaur, June 28, 2017. As part of the step-by-step acquisition of 1&1 Telecommunication SE by Drillisch AG under the umbrella of United Internet AG, United Internet today announced the preliminary results of the voluntary public tender offer. As at the expiry of the acceptance period on June 23, 2017, the tender offer has been accepted for a total of 839,170 Drillisch shares. This corresponds to approximately 1.24 percent of the total number of Drillisch shares issued, i.e. approximately 67.7 million (as of June 7, 2017). Together with its existing shareholding, United Internet holds a total stake of approximately 30.91 percent directly and indirectly in this total number of shares. Pursuant to the German Securities Acquisition and Takeover Act, shareholders who have not yet accepted the offer have two further weeks to accept the tender offer. This additional acceptance period commences today and expires on July 12, 2017, midnight (Frankfurt am Main local time).

The voluntary public tender offer is part of an overall transaction that United Internet and Drillisch agreed upon in a business combination agreement signed May 12, 2017. It is planned that Drillisch acquires the mobile and fixed-network business with retail customers bundled in 1&1 Telecommunication SE in a step-by-step transaction from United Internet. In return, United Internet receives new Drillisch shares from two capital increases by way of contribution-in-kind. The first capital increase by way of contribution-in-kind already became effective on May 16, 2017, and the corresponding new Drillisch shares have been issued to United Internet. An extraordinary general meeting of Drillisch on July 25, 2017, will decide on the second capital increase by way of contribution-in-kind. If Drillisch's shareholders approve the second capital increase by way of contribution-in-kind, United Internet's interest in Drillisch will then increase to at least 72.89 percent, including the shares already tendered into the tender offer.