DGAP-News: Delivery Hero enters into a forward share purchase and equity collar transaction to restore its exposure to Just Eat Takeaway.com following the dilution caused by the merger between Takeaway.com and Just Eat
DGAP-News: Delivery Hero SE
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Delivery Hero enters into a forward share purchase and equity collar transaction to restore its exposure to Just Eat Takeaway.com following the dilution caused by the merger between Takeaway.com and Just Eat
Berlin, Germany, February 12, 2020 - Today, Delivery Hero SE ("Delivery Hero") has decided to enter into a forward share purchase and multi-year equity collar agreement to restore its exposure in Just Eat Takeaway.com N.V. ("Just Eat Takeaway.com") to approximately 10.6% following the dilution that had been caused by the merger between Takeaway.com and Just Eat plc. Delivery Hero will purchase 8.4 million additional Just Eat Takeaway.com shares by entering into a forward purchase agreement with a financial institution, which will be entirely financed by a multi-year equity collar transaction over approximately 8.8 million Just Eat Takeaway.com shares that also includes approximately 0.4 million shares that Delivery Hero had received in connection with the sale of its German food delivery businesses to Takeaway.com on April 1, 2019. As such, there will be no negative impact on Delivery Hero's cash balance. On April 4, 2019, Delivery Hero entered into a similar multi-year equity collar transaction for 3.2 million of its shares in Takeaway.com. Both collar transactions provide Delivery Hero with downside protection on, and some limited upside exposure to, the value of the underlying Just Eat Takeaway.com shares.
12.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Delivery Hero SE |
Oranienburger Straße 70 | |
10117 Berlin | |
Germany | |
Fax: | +49 (0)30 5444 59 024 |
E-mail: | [email protected] |
Internet: | www.deliveryhero.com |
ISIN: | DE000A2E4K43 |
WKN: | A2E4K4 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange |
EQS News ID: | 974297 |
End of News | DGAP News Service |
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974297 12.02.2020
Delivery Hero SE Stock
Currently there is a rather positive sentiment for Delivery Hero SE with 5 Buy predictions and 1 Sell predictions.
With a target price of 34 € there is a positive potential of 20.06% for Delivery Hero SE compared to the current price of 28.32 €.