DGAP-WpÜG: Takeover Offer

GREVENMACHER, LUXEMBOURG / ACCESSWIRE / September 18, 2017 / White Elephant S.à r.l. (XETRA: EXC) (‘Bidder’) decided today to offer to the shareholders of exceet Group SE by way of a voluntary public takeover offer to acquire their bearer Class A shares in exceet Group SE, each representing a pro rata amount of the registered share capital of approx. EUR 0.015 (‘exceet Shares’). The Bidder is a company that is indirectly controlled by the fund Active Ownership Fund SICAV-FIS SCS.

Subject to the remaining provisions of the offer document, the Bidder intends to offer the shareholders of exceet Group SE a cash consideration per exceet Share in the amount of the volume weighted average domestic stock exchange price of the exceet Shares during the past three months prior to this announcement as determined by the German Federal Financial Supervisory Authority, but in any case not less than EUR 2.85 per exceet Share (‘Takeover Offer’).

The Takeover Offer will likely be made subject to a minimum acceptance threshold of 51.00% only. Today, the Bidder already acquired exceet Shares representing approx. 28.26% of the share capital of exceet Group SE. Furthermore, a major shareholder undertook vis-à-vis the Bidder to accept within the acceptance period the Takeover Offer with regard to its exceet Shares representing an additional approx. 27.81% of the share capital of exceet Group SE.

The Bidder reserves the right, as far as legally permissible, to deviate in the final terms and conditions of the Takeover Offer from the basic information described herein.

Important Information:

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of exceet Group SE. The offer to purchase shares in exceet Group SE will only be made by the publication of the offer document and solely on the basis of the provisions contained therein. Investors and shareholders of exceet Group SE are strongly advised to read the offer document and all other relevant documents regarding the Takeover Offer as soon as they are published, since they will contain important information. The Takeover Offer will be made exclusively under the laws of the Federal Republic of Germany, the laws of Luxembourg (to the extent applicable) and applicable provisions of the securities laws of the United States of America.

SOURCE: White Elephant S.à r.l.

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