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SCOUT24 AG (FRA:DE000A12) Scout24 AG: AutoScout24 Nederland B.V. acquires European AutoTrader B.V. from Sanoma Media Netherlands B.V.

Directive transparence : information réglementée

01/02/2016 12:50
Scout24 AG / Key word(s): Takeover 01.02.2016 12:50 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc Release AutoScout24 Nederland B.V. acquires European AutoTrader B.V. from Sanoma Media Netherlands B.V. - Extension of leading market position in the Netherlands - More than 150,000 listings - One million unique visitors per month Berlin / Munich, 1 February 2016 - AutoScout24 Nederland B.V., the operator of the leading Dutch digital automotive classifieds platform AutoScout24.nl and a subsidiary of Scout24 AG, signed an agreement today to acquire all shares of the Dutch digital automotive classifieds portal European AutoTrader B.V. from Sanoma Media Netherlands B.V. with an effective date as of 1 January 2016. Closing took place immediately after signing. The agreed purchase price amounts to 27.7 million Euro and is fully paid in cash. Scout24 expects the leverage ratio of ordinary EBITDA to net debt to remain below 4.0:1 after completion of the transaction. The transaction is expected to be neutral with regards to the ordinary operating EBITDA margin of the segment AutoScout24 in 2016. European AutoTrader B.V. operates the digital automotive classifieds website AutoTrader.nl in the Netherlands. With yearly revenues of more than 6 million Euros, over 4,000 professional car dealer customers, 150,000 listings and 1 million unique visitors per month, AutoTrader.nl has a strong position in the Dutch market. With AutoScout24.nl, Scout24 already operates the leading digital automotive classifieds website in the Netherlands. Following the acquisition, Scout24 will extend its leading market position even further. About Scout24 Scout24 operates leading digital classifieds platforms in Germany and other selected European countries. The main operations under the umbrella brand Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24. ImmobilienScout24 is the leading digital real estate classifieds platform in Germany, based on consumer traffic and time spent as well as customer numbers and listings. AutoScout24 is a leading automotive digital classifieds platform in Europe, in terms of unique monthly visitors and listings. Scout24's digital marketplaces are empowering people to realise their property and car-owning dreams simply, efficiently and stress-free. Further information is available at www.scout24.com. Investor Relations contact Britta Schmidt Vice President Investor Relations & Treasury Tel.: +49 89 44456 3278 Email: ir@scout24.com Press contact Svenja Lahrmann Instinctif Partners Tel.: +49 221 42075 23 Email: svenja.lahrmann@instinctif.com Disclaimer: This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. Neither Scout24 nor any of its shareholders intends to register any securities referred to herein in the United States. Any offer will be made exclusively through and on the basis of a prospectus that must be published in Germany as supplemented by additional information related to the offer outside of Germany. No money, securities, or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted. This document does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of the Company. Cautionary note regarding forward-looking statements: This press release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Scout24 AG. Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Scout24 AG, and other factors. The Company does not assume any obligations to update any forward-looking statements. 01.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Scout24 AG Dingolfinger Str. 1 - 15 81673 Munich Germany Phone: +49 89 44456 - 0 Fax: E-mail: ir@scout24.com Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------