exceet Group SE: Expiration of the public warrants as well as the conversion of Class B and Class C shares on 26 July 2016

Montag, 25.07.2016 18:55

DGAP-Media / 25.07.2016 / 18:52
 
 exceet Group SE
 LU0472835155, WKN AOYF5P
 
 Luxembourg, 25 July 2016 - 06:30 p.m. - exceet Group SE (the "Company")
 hereby announces that the Public Warrants, none of which have to date been
 exercised or redeemed, will expire on 26 July 2016 and will automatically
 and immediately be cancelled on 27 July 2016 and that the Warrantholders
 will then have no further rights in respect of the Public Warrants, all in
 accordance with clause 9.2 of their terms and conditions.
 
 Furthermore the Company announces that on 26 July 2016 the conversion right
 for holders of Class B and Class C shares contained in the articles of
 association of the Company will also expire. In due time the Company
 intends to call an extraordinary general meeting (the "EGM") to be held
 later this year to resolve on the decrease of the Company's share capital
 by an amount of EUR 216,000.00 from EUR 527,960.16 to EUR 311,960.16
 through the cancellation of all (i) 5,210,526 redeemable Class B shares and
 (ii) 9,000,000 redeemable Class C shares from their holders at their
 accounting par value; the date of the intended EGM and the related
 convening notice will be published soon as they are fixed. Upon the
 intended cancellation of the Class B and Class C shares, the total amount
 of shares and voting rights in issue will be reduced and will amount to
 20,523,695 shares and voting rights. Persons who will be major shareholders
 or otherwise fall under the relevant stipulations of the amended Luxembourg
 law of 11 January 2008 on transparency requirements in relation to
 information about issuers whose securities are admitted to trading on a
 regulated market at the time the cancellation of the Class B and Class C
 will become effective are reminded of their potential notification
 obligations under that law.
 Please contact for further information:
 
 Wolf-Günter Freese, acting CEO & CFO - Email: Investor.relations@exceet.lu
 exceet Group SE
 115, avenue Gaston Diderich
 L-1420 Luxembourg
 Phone +352 26 29 91 22
 
 ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard,
 Frankfurt/Main
 
 exceet will announce half year results for 2016 on 8 August 2016 (after
 closing of the market)
 
 About exceet
 exceet is an international technology group, which is specialized in the
 development and production of intelligent, complex and secure electronics.
 End of Media Release
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Issuer: exceet Group SE Key word(s): Enterprise 25.07.2016 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: exceet Group SE 115, avenue Gaston Diderich L-1420 Luxemburg Grand Duchy of Luxembourg Phone: +352 2629 9122 Fax: +352 2629 9150 E-mail: info@exceet.ch Internet: www.exceet.ch ISIN: LU0472835155, LU0472839819 WKN: A0YF5P, A1BFHT Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange End of News DGAP Media
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