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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 : specifies its squeeze out request and determines the cash compensation payable in return for the transfer of the minority shareholders' shares to be € 67.93 per no-par-value bearer share

10/08/2020 | 02:10pm EST

Ad hoc-release

8 October 2020

Ad hoc-release

HSBC specifies its squeeze out request and determines the cash compensation payable in return for the transfer of the minority shareholders' shares to be € 67.93 per no-par-value bearer share

Düsseldorf, 8 October 2020 - Today, HSBC Germany Holdings GmbH, having its seat in Düsseldorf, has notified the management board of HSBC Trinkaus & Burkhardt AG that it determined the adequate cash compensation payable in return for transferring the shares of HSBC Trinkaus & Burkhardt AG's minority shareholders to HSBC Germany Holdings GmbH, in its capacity as principal shareholder, in accordance with the procedure under sections 327a et seq. of the German Stock Corporation Act (Aktiengesetz - "AktG") (squeeze-out under stock corporation law) to be € 67.93 per no-par-value bearer share of HSBC Trinkaus & Burkhardt AG. The court- appointed expert auditor confirmed the adequacy of the cash compensation determined. HSBC Germany Holdings GmbH has requested the management board to convene an extraordinary general meeting of HSBC Trinkaus & Burkhardt AG to resolve on the transfer of the minority shareholders' shares.

HSBC Germany Holdings GmbH thereby confirms and specifies its request pursuant to section 327a para. 1 AktG as submitted to the management board of HSBC Trinkaus & Burkhardt AG on 25 May 2020.

HSBC Germany Holdings GmbH holds approx. 99.33% of HSBC Trinkaus & Burkhardt AG's share capital and is thus its principal shareholder within the meaning of section 327a para. 1 sentence 1 AktG. A (virtual) extraordinary general meeting of HSBC Trinkaus & Burkhardt AG yet to be convened for 19 November 2020 is expected to resolve on the transfer of the minority shareholders' shares.

The transfer of the minority shareholders' shares will take effect subject to the approving resolution being passed by HSBC Trinkaus & Burkhardt AG's general meeting and the transfer resolution being registered in the commercial register (Handelsregister) of HSBC Trinkaus & Burkhardt AG.

This version was published on 8 October 2020 at 6.58 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 08 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2020 18:09:06 UTC


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Sales 2019 747 M 901 M 901 M
Net income 2019 97,5 M 118 M 118 M
Net cash 2019 2 234 M 2 697 M 2 697 M
P/E ratio 2019 19,5x
Yield 2019 4,26%
Capitalization 2 437 M 2 947 M 2 943 M
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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