DGAP-Ad-hoc: Allgemeine Gold- und Silberscheideanstalt AG / Keywords: Squeeze-Out
Allgemeine Gold- und Silberscheideanstalt Aktiengesellschaft: the amount of cash compensation for pressure under the merger law has been set at €127.91 per share in the company
09.06.2021 / 17:20 CET / Central Central European
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Pforzheim June 9, 2021
Umicore International AG (“Umicore”) today owns the Board of Directors of Allgemeine Gold- und Silberscheideanstalt Aktiengesellschaft (“Agosi”) its application pursuant to Article 62, Section 1 and 5 UmwG in connection with §§ 327a ff. AktG to hold the Ordinary General Meeting of Agosi’s decision regarding the transfer of minority shares of Agosi shareholders to Umicore in exchange for adequate cash compensation.
Umicore has confirmed that it currently holds 91.21% of the share capital of Agosi and is therefore the major shareholder of Agosi within the meaning of Section 62(5) of UmwG. Umicore has set the cash compensation at €127.91 per Agosi share. The appropriateness of monetary compensation is currently still being investigated by the expert reviewer who has been selected and appointed as judicially.
Agosi’s annual general meeting, which is scheduled to adopt a resolution on the transfer of minority shares of Agosi shareholders to Umicore in exchange for a cash compensation of €127.91 per Agosi share, is expected to be held on July 28, 2021. The entry into force of the merger law remains dependent on approval on the decision of the Ordinary General Meeting of the Agosi Corporation and the entry of the decision of conversion and merger into the commercial register of the headquarters of Umicore or Agosi.
Dr. Bernard Ault, Chief Financial Officer
If you have any questions, please contact:
Allgemeine Gold- und Silberscheideanstalt Aktiengesellschaft
Dr. Bernhard Ault
Tel: +49 (0) 7231 960-331
Email: [email protected]
06/09/2021 CET/CEST DGAP Distribution Services includes legal reports, corporate/financial news and press releases.
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