Delisting tender offer to KATEK shareholders published

Linz, 15.04.2024 – The documents to the shareholders of KATEK SE have been published. The offer price is EUR 15 per KATEK share in cash. As an alternative, 4 KATEK shares can be exchanged for 3 Kontron shares. The offer period runs for four weeks.

Kontron Acquisition GmbH (“Bidder”), an indirect, wholly owned Kontron subsidiary, has today published the offer document for the mandatory offer to the shareholders of KATEK SE. The German Federal Financial Supervisory Authority (“BaFin”) authorised the publication of the offer document in advance. Kontron has structured the delisting process to enable the revocation of the admission of the shares of KATEK SE for trading on the Regulated Market of the Frankfurt Stock Exchange.

The offer price is EUR 15 per KATEK share (cash consideration). Alternatively, it is possible to exchange 4 KATEK shares for 3 Kontron shares (share consideration). The share consideration can be chosen for up to 2,800,000 KATEK shares in total. In the event that the share consideration is oversubscribed, Kontron shares will be allocated on a pro rata basis. The acceptance period for the offer begins today and ends at midnight on 13 May 2024 (CEST).

The offer document is published on the internet at www.katek-angebot.de.

Similar news

Kontron AG with a strong year as a pure IoT player

Revenues: EUR 1,226 million, a 15% increase from EUR 1,064 million in FY2022. Net Profit: EUR 77.7 million, surpassing the ...
Explore

Kontron wins a EUR 34 Mio contract for a GSM-R system in the Czech Republic

Linz, March 13, 2024 –Kontron Transportation, a company of Kontron group won the public procurement for the construction of a ...
Explore

Kontron gains control of Katek SE – mandatory offer follows

Linz, 29 February 2024 –Kontron AG, a world’s leading provider of IoT technology, gained control of the listed company KATEK ...
Explore