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SCHALTBAU HOLDING AG

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PRESS RELEASE : Schaltbau Holding AG: Notice to the holders of the Mandatory Convertible Bond 2021/2022 (ISIN: DE000A3E5FV1)

09/27/2021 | 02:09pm EDT

DGAP-News: Schaltbau Holding AG / Key word(s): Bond/Offer Schaltbau Holding AG: Notice to the holders of the Mandatory Convertible Bond 2021/2022 (ISIN: DE000A3E5FV1) 2021-09-27 / 20:07 The issuer is solely responsible for the content of this announcement.

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Schaltbau Holding AG: Notice to the holders of the Mandatory Convertible Bond 2021/2022 (ISIN: DE000A3E5FV1)

Munich, 27 September 2021 - Schaltbau Holding AG (the "Issuer") hereby announces pursuant to § 11(b)(ii)(D) of the terms and conditions (the "Terms and Conditions") of the Mandatory Convertible Bonds 2021/2022 (ISIN DE000A3E5FV1, the "Bonds") that Voltage BidCo GmbH (the "Bidder") published today an announcement pursuant to Section 23 para. 1 sentence 1 no. 2 WpÜG, according to which (i) the takeover offer made by it to the shareholders of the Issuer (the "Takeover Offer") has been accepted by the end of the acceptance period pursuant to Section 16 para. 1 WpÜG, i.e. by 22 September 2021, 24:00 hours (Frankfurt time), for 8,032,191 shares (this corresponds to approx. 78.49% of the shares issued as of 31 August 2021) and (ii) all offer conditions were satisfied at the end of the acceptance period, except for those conditions which did not have to be satisfied at that time (i.e. the merger and investment control approvals).

Thus, taking into account the 143,457 shares acquired by the Bidder outside of the Takeover Offer, upon completion of the Takeover Offer, the Bidder will hold at least 8,175,648 shares (this corresponds to approx. 79.89% of the shares issued as of 31 August 2021 or 74.86% on a fully diluted basis).

To the extent Bondholders have submitted conditional conversion notices in connection with the Takeover Offer, such notices become effective and unconditional pursuant to § 11(b)(ii)(C) of the Terms and Conditions as a result of the aforementioned publication by the Bidder.

Bondholders who have not yet exercised their conversion right in connection with the Takeover Offer, but who still wish to do so, may convert the Bonds held by them into shares of the Issuer until 16:00 hours (Frankfurt time) on the last day of the additional acceptance period pursuant to Section 16 para. 2 WpÜG (11 October 2021) in accordance with the Terms and Conditions.

About the Schaltbau Group Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard segment of the regulated market of Deutsche Börse AG in Frankfurt am Main. With annual Group revenue in the region of EUR 500 million and around 3,000 employees, Schaltbau is an internationally leading supplier of systems and components in the field of transportation technology and the capital goods industry. With Pintsch, Bode, Schaltbau and SBRS as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific technological solutions for rail infrastructure, rolling stock, passenger and commercial vehicles. As one of the few specialists for smart DC energy concepts, the Schaltbau Group is also a driver of innovation for the fast-growing markets of tomorrow such as New Energy / New Industry and E-Mobility. Further information is available at www.schaltbaugroup.com.

Contact Investor Relations Schaltbau Holding AG Hollerithstraße 5 81829 Munich Germany T +49 89 93005-209 investor@schaltbau.de

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2021-09-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Schaltbau Holding AG 
              Hollerithstraße 5 
              81829 Munich 
              Germany 
Phone:        +49 89 - 93005 - 209 
Fax:          +49 89 - 93005 - 398 
E-mail:       investor@schaltbau.de 
Internet:     www.schaltbaugroup.de 
ISIN:         DE000A2NBTL2 
WKN:          A2NBTL 
Indices:      Prime Standard 
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange 
EQS News ID:  1236312 
 
End of News   DGAP News Service 
=------------ 

1236312 2021-09-27

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236312&application_name=news

(END) Dow Jones Newswires

September 27, 2021 14:08 ET (18:08 GMT)

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Sales 2021 533 M 620 M 620 M
Net income 2021 17,3 M 20,1 M 20,1 M
Net Debt 2021 30,3 M 35,2 M 35,2 M
P/E ratio 2021 32,8x
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Capitalization 599 M 696 M 696 M
EV / Sales 2021 1,18x
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 55,20 €
Average target price 47,16 €
Spread / Average Target -14,6%
EPS Revisions
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Jürgen Brandes Chief Executive Officer
Steffen Munz Chief Financial Officer
Stéphane Michel Rambaud-Measson Chairman-Supervisory Board
Andreas Knitter Member-Supervisory Board
Herbert Treutinger Vice Chairman-Supervisory Board
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