Scout24 AG: Management Board and Supervisory Board of Scout24 AG recommend accepting takeover offer of Pulver BidCo GmbH
Munich/Berlin, 10 April 2019 –
- Joint reasoned statement of Management Board and Supervisory Board published
- Consideration of EUR 46.00 per Scout24 share is adequate
- Management Board and Supervisory Board consider in particular the bidder's intention to form a strategic partnership to be positive
After careful examination of the takeover offer, the Management Board and the Supervisory Board of Scout24 believe that the takeover offer is in the best interest of the company. On this basis, the Management Board and the Supervisory Board recommend that the Scout24 shareholders accept the takeover offer. All members of the Management Board and the Supervisory Board who hold Scout24 shares will accept the takeover offer for all shares held by them.
In the joint reasoned statement, the Management Board and the Supervisory Board state that the two boards, having performed their respective own examination independently of one another, believe that the cash consideration of EUR 46.00 per Scout24 share is adequate: The consideration appropriately reflects the value of Scout24 at the present time – i.e. also taking into account the current overall regulatory, geopolitical and macro-economic situation.
In addition, the Management Board and the Supervisory Board consider the intentions expressed by Pulver BidCo GmbH concerning the future business operations of Scout24 and in particular the intention to form a strategic partnership to be positive.
The joint reasoned statement has been published, together with a non-binding English translation, on the internet under the heading "Investor Relations" | "Takeover Bid" on the website of the Company at www.scout24.com. Copies can also be obtained free of charge at Scout24 AG, Bothestr. 11-15, 81675 Munich, Germany, telephone +49 89 444 56 3278, fax +49 89 444 56 19 3278 (order per e-mail to [email protected], stating full postal address).
The publication and keeping available of copies free of charge will be announced in the Federal Gazette (Bundesanzeiger) on 11 April 2019.
With our leading digital marketplaces ImmobilienScout24 and AutoScout24 in Germany and Europe, we inspire people to make the best decisions when it comes to finding a property or a car. Scout24 bundles individual additional services, such as creditworthiness information, the brokerage of relocation services or construction and car financing, in the Scout24 Consumer Services business unit. More than 1,500 employees work on the success of our products and services. We focus on our users and create a networked offering for housing and mobility. Scout24 AG is a listed stock corporation and is traded on the Frankfurt Stock Exchange (ISIN: DE000A12DM80, Ticker: G24). Further information is available at www.scout24.com, on our Corporate Blog andTech Blog or on Twitter and LinkedIn.
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Investor Relations Contact
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Tel.: +49 89 44456 3278
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