Company Announcements

DGAP-Adhoc: comdirect bank AG: Cash compensation for merger squeeze-out determined at EUR 12.75 per share

Source: EQS

DGAP-Ad-hoc: comdirect bank AG / Key word(s): Squeeze Out
comdirect bank AG: Cash compensation for merger squeeze-out determined at EUR 12.75 per share

16-March-2020 / 17:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Quickborn, 16 March 2020 - Today, COMMERZBANK Aktiengesellschaft, Frankfurt/Main, ("Commerzbank") has confirmed its request for transfer of minority shares from 26 February, which comdirect bank Aktiengesellschaft ("comdirect") received on the same day, and has concretised this request by determining the cash compensation at an amount of EUR 12.75 per comdirect share (in conjunction with the transfer of shares of the minority shareholders as part of the merger squeeze-out (pursuant to section 62(1) and (5) of the German Transformation Act (UmwG) in conjunction with sections 327a et seqq. of the German Stock Corporation Act (AktG)).

The conclusion and notarisation of the merger agreement between comdirect and Commerzbank shall take place on 20 March 2020. The annual general meeting on 5 May 2020 shall resolve on the transfer of shares of comdirect's minority shareholders to Commerzbank.

The effectiveness of the cash merger squeeze-out is still subject to the resolution by the comdirect general meeting and the registration of the transfer resolution and the merger in the commercial registers at the seats of Commerzbank and comdirect.

Contact:
Simone Glass,
Head of Investor Relations
+49 4106 704 1966, simone.glass@comdirect.de


16-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: comdirect bank AG
Pascalkehre 15
25451 Quickborn
Germany
Phone: + 49 (0) 4106/704-0
Fax: + 49 (0) 4106/708-2580
E-mail: ir@comdirect.de
Internet: www.comdirect.de
ISIN: DE0005428007
WKN: 542800
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 998377

 
End of Announcement DGAP News Service

998377  16-March-2020 CET/CEST

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