DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: HOCHTIEF approves submission of the unconditional and final off-market takeover offer to the outstanding shareholders of CIMIC by HOCHTIEF Australia

EQS

Im Artikel erwähnte Wertpapiere: Hochtief I

DGAP-Ad-hoc: HOCHTIEF Aktiengesellschaft / Key word(s): Offer
HOCHTIEF Aktiengesellschaft: HOCHTIEF approves submission of the unconditional and final off-market takeover offer to the outstanding shareholders of CIMIC by HOCHTIEF Australia

23-Feb-2022 / 09:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


HOCHTIEF approves submission of the unconditional and final off-market takeover offer to the outstanding shareholders of CIMIC by HOCHTIEF Australia

Essen, 23 February 2022 - HOCHTIEF Aktiengesellschaft ("HOCHTIEF"), through its wholly owned Australian subsidiary HOCHTIEF Australia Holdings Limited ("HOCHTIEF Australia"), holds a stake of approx. 78.58 % in Australian company CIMIC Group Limited ("CIMIC"). Today HOCHTIEF has approved the submission by HOCHTIEF Australia of an unconditional and final off-market takeover offer ("Offer") to acquire each CIMIC share held by the free float shareholders of CIMIC other than HOCHTIEF Australia (each a "CIMIC Shareholder") for AU$ 22 cash per CIMIC share ("Offer Price"). Under the Offer terms, if a CIMIC Shareholder accepts the Offer in respect of its CIMIC shares, then HOCHTIEF Australia will be entitled to all of the rights attaching to those CIMIC shares, which includes the amount of any dividends declared or paid by CIMIC after the date of announcement of the Offer. The Offer can lead to HOCHTIEF increasing its indirect shareholding in CIMIC to up to 100 %.

HOCHTIEF has agreed to provide HOCHTIEF Australia with all amounts HOCHTIEF Australia is required to pay under, or in connection with, the Offer under an offer funding agreement. The maximum aggregate amount of cash consideration that HOCHTIEF Australia would be required to pay under the Offer (66,665,467 CIMIC shares multiplied by the Offer Price) is expected to amount, when converted into Euro to approx. EUR 940 million. To finance the payment obligation in respect of the Offer, HOCHTIEF has entered into a transaction facility with a consortium of banks.

Contact:
georg.von-bronk@hochtief.de


23-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: HOCHTIEF Aktiengesellschaft
Alfredstraße 236
45133 Essen
Germany
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
Internet: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1286063

 
End of Announcement DGAP News Service

1286063  23-Feb-2022 CET/CEST

Im Artikel erwähnte Wertpapiere

Hochtief I 47,27 -0,63%
close

Populäre Aktien