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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  HSBC Trinkaus & Burkhardt AG    TUB   DE0008115106

HSBC TRINKAUS & BURKHARDT AG

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HSBC Trinkaus & Burkhardt : Increase of the squeeze out cash compensation for shares in HSBC Trinkaus & Burkhardt AG from EUR 67.93 to EUR 69.08

11/13/2020 | 05:19pm EST

Ad hoc-release

13 November 2020

Ad hoc-release

Increase of the squeeze out cash compensation for shares in HSBC Trinkaus & Burkhardt AG from EUR 67.93 to EUR 69,08

Düsseldorf, 13 November 2020 - As announced by HSBC Trinkaus & Burkhardt AG in an ad hoc announcement on 8 October 2020, HSBC Germany Holdings GmbH informed HSBC Trinkaus & Burkhardt AG on the same day that it determined the cash compensation for the intended squeeze-out of minority shareholders pursuant to sections 327a et seq. of the German Stock Corporation Act (Aktiengesetz - "AktG") at EUR 67.93 per no-par-value bearer share of HSBC Trinkaus & Burkhardt AG.

Today, HSBC Germany Holdings GmbH has informed the management board that it has decided to increase the cash compensation from EUR 67.93 to EUR 69,08 per no-par-value bearer share of HSBC Trinkaus & Burkhardt AG due to a reduction of the base rate since 5 October 2020. Against this background, the management board of HSBC Trinkaus & Burkhardt AG will amend its resolution proposal to the extraordinary general meeting of HSBC Trinkaus & Burkhardt AG on 19 November 2020 on the transfer of the shares of the minority shareholders to HSBC Germany Holdings GmbH accordingly.

HSBC Trinkaus & Burkhardt AG will publish an update on the transfer report by the main shareholder as well as an interim statement on the audit of the adequacy of the increased cash compensation by the court appointed expert auditor, Mazars GmbH & Co. KG, Wirtschaftsprüfungsgesellschaft, Steuerberatungsgesellschaft, under https://www.hsbc.de/ ("Investor Relations", under the heading "Hauptversammlung").

This version was published on 13 November 2020 at 10.25 p.m.

Contact:

Robert von Heusinger

+49-211-910-1664

robert.heusinger@hsbc.de

HSBC Deutschland

Postfach 10 11 08, 40002 Düsseldorf

Königsallee 21/23, 40212 Düsseldorf

Telefon: +49 211 910-0

Telefax: +49 211 910-616

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

HSBC Trinkaus & Burkhardt AG published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 22:18:03 UTC


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Sales 2019 747 M 907 M 907 M
Net income 2019 97,5 M 118 M 118 M
Net cash 2019 2 234 M 2 713 M 2 713 M
P/E ratio 2019 19,5x
Yield 2019 4,26%
Capitalization 2 420 M 2 946 M 2 939 M
EV / Sales 2018 -0,60x
EV / Sales 2019 -0,85x
Nbr of Employees 3 017
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Managers and Directors
NameTitle
Carola Gräfin von Schmettow Chairman-Management Board
Thomas Runge Chief Operating Officer
Andreas Kamp Chief Financial Officer
Paul Hagen Member-Supervisory Board
Hans-Jörg Vetter Member-Supervisory Board