Ströer SE & Co. KGaA: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
Aug 26, 2020 7:06 PM
Ströer SE & Co. KGaA
Ströer SE & Co. KGaA received the following notification pursuant to Sec. 43 (1) WpHG ['Wertpapierhandelsgesetz': German Securities Trading Act] from Allianz Global Investors GmbH, Frankfurt am Main, Germany, on August 26, 2020:
We refer to our voting rights notifications pursuant to Secs. 33, 34 WpHG dated 5 August 2020 and 18 August 2020 in relation to Ströer SE & Co. KGaA (the 'Company').
With regard to the objectives pursued in acquiring the voting rights, we hereby notify you in accordance with Sec. 43 (1) Sentence 1 and 3 WpHG that
1. we do not directly hold any voting rights in the Company. All voting rights are attributable in full to funds managed by us (the 'Funds') which hold the voting rights;
2. the Funds' investment in the Company serves to generate trading profit;
3. depending on the share price and the general economic situation of the Company, we intend to obtain, if appropriate, further voting rights for individual or several Funds by way of acquisition or other means within the next 12 months;
4. we are seeking to influence the composition of administrative, management and supervisory bodies of the Company by expressing opinions and through discussions and recommendations. We do not seek to participate in the relevant bodies ourselves or in active management of the Company (including via related third parties), nor do we intend to acquire the legal or constructive right to issue instructions;
5. we do not seek to significantly change the capital structure of the Company, especially with regard to the ratio of internal/external financing and the dividend policy.
Furthermore, with regard to the origin of the funds used to obtain the voting rights, we confirm the following pursuant to Sec. 43 (1) Sentence 1 and 4 WpHG:
The voting rights were obtained using financial means of the Funds that are managed by us. Therefore, we did not raise any equity or debt in order to acquire the voting rights.
26.08.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Ströer SE & Co. KGaA|
|Ströer Allee 1|
|End of News||DGAP News Service|