DGAP-News: Sixt Leasing SE: Final acceptance rate for voluntary public takeover offer by Hyundai Capital Bank Europe GmbH at more than 92 per cent
DGAP-News: Sixt Leasing SE
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Sixt Leasing SE: Final acceptance rate for voluntary public takeover offer by Hyundai Capital Bank Europe GmbH at more than 92 per cent
26.05.2020 / 12:29
The issuer is solely responsible for the content of this announcement.
Sixt Leasing SE: Final acceptance rate for voluntary public takeover offer by Hyundai Capital Bank Europe GmbH at more than 92 per cent
Pullach, 26 May 2020 - Hyundai Capital Bank Europe GmbH (HCBE), a joint venture of Santander Consumer Bank AG and Hyundai Capital Services Inc., has today announced the final result of its voluntary public takeover offer to the shareholders of Sixt Leasing SE: Taking into account the stake of Sixt SE, the acceptance rate amounted to 92.07 per cent at the end of the additional acceptance period provided for by law on 20 May 2020 at 24:00 hours (CEST). Thus, the acceptance rate has again increased very significantly compared to the end of the regular acceptance period (72.84 per cent). The minimum acceptance threshold was 55 per cent.
Björn Waldow, CFO of Sixt Leasing SE: "We are very pleased with the extraordinarily high acceptance rate. The high level of acceptance creates clear conditions with regard to the ownership structure. With our new anchor shareholder, we can thus continue our corporate strategy and jointly exploit new growth opportunities. We are optimistic that the outstanding offer conditions will be met in the coming months and expect the transaction to be completed in the second half of 2020."
In accordance with § 16 of the German Securities Trading and Takeover Act (WpÜG), shareholders of Sixt Leasing SE who had not tendered their shares by the end of the regular acceptance period on 30 April 2020 at 24:00 hours (CEST) were able to accept the offer from HCBE until the end of the additional period provided for by law. The completion of the takeover offer is still subject to the remaining customary closing conditions set out in the offer document. HCBE and Sixt Leasing expect these conditions to be met in the coming months and expect the transaction to close in the second half of 2020.
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About Sixt Leasing:
Sixt Leasing SE based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.
Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.
Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2019, the Group generated consolidated revenue of EUR 824 million.
Contact:
Sixt Leasing SE
Investor Relations
+49 89 74444 4518
ir@sixt-leasing.com
26.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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