Marburg, 9 September 2019 - With the approval of the Supervisory Board, the Management Board of 3U HOLDING AG has just sold 1,183,640 of its own shares to Lupus Alpha Asset Management GmbH. The purchase price amounted to EUR 1.747 per share. The net proceeds of the transaction are to be used to finance the further growth of the subsidiary weclapp SE. After completion of the transaction, 3U HOLDING AG holds no treasury shares.
The treasury stock results from a share buyback program resolved by the Annual General Meeting of 3U HOLDING AG on May 30, 2012. The resolution of the Annual General Meeting authorises the Management Board to sell the shares with the approval of the Supervisory Board. The shares may also be sold by means other than via the stock exchange or by means of a public purchase offer to all shareholders, provided that the acquired treasury shares are sold at a price that is not significantly lower than the market price of the Company's shares of the same class at the time of the sale. The relevant stock exchange price within the meaning of the above provision is the average closing price of the Company's shares in Xetra trading on the Frankfurt Stock Exchange during the last five trading days prior to the sale of the shares. These conditions have been met. The share price of the transaction did not significantly fall short of the corresponding average closing price of the Company's shares in Xetra trading of EUR 1.838.
Dr. Joachim Fleïng
Head of Investor Relations
Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
3U HOLDING AG
Registered: Marburg District Court HRB 4680
Frankfurt, Berlin, Hamburg/Hannover, Düsseldorf, München, Stuttgart
3U HOLDING AG (www.3U.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of Information and Telecommunications Technology (ITC), Renewable Energies (RE) and Sanitary, Heating and Air Conditioning Technology (SHAC). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.
3U HOLDING AG's shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).
3U Holding AG published this content on 09 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2020 09:29:06 UTC