artnet AG / DE000A1K0375
19.08.2025 - 10:42:05artnet AG: Leonardo Art Holdings GmbH submits request for the implementation of a squeeze-out of the minority shareholders of artnet AG pursuant to Sections 327a et seq. of the German Stock Corporatio
EQS-Ad-hoc: artnet AG / Key word(s): Squeeze Out/Miscellaneous 19-Aug-2025 / 10:42 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. Key word(s): Squeeze-Out Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Leonardo Art Holdings GmbH submits request for the implementation of a squeeze-out of the minority shareholders of artnet AG pursuant to Sections 327a et seq. of the German Stock Corporation Act (squeeze-out under stock corporation law) New York/Berlin, August 19, 2025 – Today, Leonardo Art Holdings GmbH has informed artnet AG ("Company") that it will own shares in the Company amounting to at least 97.33% and thus more than 95% of the Company’s share capital within the meaning of Section 327a of the of the German Stock Corporation Act (Aktiengesetz – "AktG") after the settlement of the current voluntary public takeover and delisting offer and the share purchase agreements concluded in connection with the offer. Against this background, Leonardo Art Holdings GmbH has today requested the Company’s management board to initiate a resolution of the Company’s shareholders’ meeting on the transfer of the shares of the Company’s remaining shareholders ("Minority Shareholders") to Leonardo Art Holdings GmbH against payment of an appropriate cash compensation in accordance with Sections 327a et seq. AktG ("Squeeze-Out under Stock Corporation Law"). The amount of the cash compensation to be granted to the Minority Shareholders has not yet been determined. It will be determined by Leonardo Art Holdings GmbH based on the valuation work still to be completed and will be communicated to the Company separately in a second specified transfer request by Leonardo Art Holdings GmbH ("Specified Transfer Request"). The appropriateness of the determined cash compensation will be reviewed by an expert auditor to be selected and appointed by the Berlin Regional Court. Following receipt of the Specified Transfer Request by the Company, the shareholders’ meeting can be convened to adopt the transfer resolution (Übertragungsbeschluss). The Company will provide information on the date of the shareholders’ meeting in accordance with the statutory requirements. The Squeeze-Out under Stock Corporation Law becomes effective upon registration of the transfer resolution with the Company’s commercial register. Upon registration of the transfer resolution with the commercial register, all shares in the Company held by the Minority Shareholders will be transferred to Leonardo Art Holdings GmbH. Contact artnet AG Sophie Neuendorf (Vice President) - Investor Relations - sneuendorf@artnet.com End of Inside Information 19-Aug-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | artnet AG |
Niebuhrstr. 78 | |
10629 Berlin | |
Germany | |
Phone: | +49 (0)30 20 91 78 -0 |
Fax: | +49 (0)30 20 91 78 -29 |
E-mail: | info@artnet.de |
Internet: | www.artnet.de |
ISIN: | DE000A1K0375 |
WKN: | A1K037 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
EQS News ID: | 2185806 |
End of Announcement | EQS News Service |
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