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GRAMMER AG (FRA:GMM) GRAMMERAG confirms negotiations to conclude a business combination agreement (BCA) in connection with a potential public takeover offer

Directive transparence : information réglementée

29/05/2018 01:59

DGAP-Ad-hoc: Grammer AG / Key word(s): Offer
GRAMMERAG confirms negotiations to conclude a business combination agreement (BCA) in connection with a potential public takeover offer

29-May-2018 / 01:59 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.


Disclosure of an inside information acc. to Article 17 MAR
GRAMMER AG (WKN 589540, ISIN DE0005895403)

GRAMMERAG confirms negotiations to conclude a business combination agreement (BCA) in connection with a potential public takeover offer

Amberg, May 29, 2018

Following market rumors, Grammer AG confirms to be in advanced negotiations with affiliated companies of Ningo Jifeng to conclude a business combination agreement which could lead to a voluntary public takeover offer to the shareholders of Grammer AG.

The bidder has offered an indicative consideration of EUR 60 plus the proposed dividend of EUR 1.25 resulting in a total consideration of EUR 61.25 per share.

At this stage it is uncertain whether the negotiations will be concluded successfully and a takeover offer will be launched. Grammer AG is assessing strategic options in the best interest of the company and will inform the capital market and the public on the progress of the negotiations in accordance with legal requirements.

Grammer AG
The Executive Board




Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com

29-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Grammer AG
Georg-Grammer-Str. 2
92224 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

690245  29-May-2018 CET/CEST

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