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    WEG1   DE000A0HN4T3

WESTGRUND AG

(WEG1)
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WESTGRUND AG: Additional acceptance period for ADO Properties┤ offer starts today

06/09/2020 | 06:23am EST

Westgrund Aktiengesellschaft

Berlin

Additional acceptance period for ADO Properties´ offer starts today

Berlin, 9 June 2020:
The additional acceptance period for ADO Properties S.A.´ offer to the WESTGRUND shareholders starts today. Up until midnight (CET) on 22 June 2020, remaining WESTGRUND shareholders may still tender their shares into the offer. They will receive a cash compensation of EUR 11.74 per share, as per the original offer. The price is based on an independent valuation assessment of WESTGRUND and is above the EPRA NAV per share of WESTGRUND of EUR 11.59 as of 31 December 2019.
The Supervisory and Management Boards of WESTGRUND had, already in May, published a joint statement on the takeover and delisting offer of ADO Properties in which they came to the conclusion that the offer is fair from a financial point of view.
The number of shares already tendered in the course of the original acceptance period has been published by ADO Properties under: https://www.ado.properties/websites/1045_ma/English/2000/tender-offer.html
The joint statement of the Supervisory and Management Boards of WESTGRUND (German only) can be found under: https://www.westgrund.de/ado_properties/.

Contact:
E-Mail: info@westgrund.de
Telefon: +49 30 39 80 18 160
Fax: +49 30 39 80 18 199

Disclaimer

Westgrund AG published this content on 09 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2020 10:22:02 UTC


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Sales 2020 103 M 115 M 115 M
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Net Debt 2020 357 M 397 M 397 M
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Capitalization 1 146 M 1 312 M 1 277 M
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