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    ASL   DE000A2JNWZ9

AKASOL AG

(ASL)
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DGAP-Adhoc : AKASOL AG: Request of the majority shareholder to execute a merger squeeze-out

08/03/2021 | 04:28am EDT
DGAP-Ad-hoc: AKASOL AG / Key word(s): Squeeze Out/Squeeze Out 
AKASOL AG: Request of the majority shareholder to execute a merger squeeze-out 
03-Aug-2021 / 10:26 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. 
=---------------------------------------------------------------------------------------------------------------------- 
Disclosure of insider information pursuant to Article 17 of Regulation (EU) No 596/2014 
AKASOL AG: Request of the majority shareholder to execute a merger squeeze-out 
Darmstadt, August 3, 2021 - Yesterday, the Management Board of AKASOL AG ("AKASOL"; ISIN DE000A2JNWZ9) received the 
formal request of ABBA BidCo AG with its registered office in Frankfurt am Main ("ABBA BidCo") pursuant to section 62 
para. 1 and para. 5 sentence 1 UmwG in conjunction with sections 327a et seq. AktG, to execute the procedure for the 
transfer of the shares of the minority shareholders of AKASOL to ABBA BidCo in their capacity as majority shareholder 
in return for an adequate cash compensation in connection with a merger of AKASOL into ABBA BidCo by absorption 
(so-called "merger squeeze-out") and, for this purpose, to have the general meeting of AKASOL resolve on the transfer 
of the shares of the minority shareholders of AKASOL to ABBA BidCo within three months upon conclusion of the merger 
agreement. The merger agreement will contain a statement pursuant to § 62 para. 5 sentence 2 UmwG, according to which 
an exclusion of the minority shareholders of AKASOL as the transferring legal entity shall take place in connection 
with the merger. The amount of the adequate cash compensation that ABBA BidCo will grant to the remaining shareholders 
of AKASOL for the transfer of the shares will be communicated by ABBA BidCo at a later date. 
According to its own information, ABBA BidCo holds 5,634,459 shares in AKASOL. This corresponds to a stake of 
approximately 92.94 percent of AKASOL's share capital. ABBA BidCo is therefore the main shareholder within the meaning 
of § 62 para. 1 and para. 5 sentence 1 UmwG. 
The effectiveness of the merger squeeze-out is still subject to the approving resolution of the general meeting of 
AKASOL and the registration of the transfer resolution and the merger in the commercial register of the registered 
office of AKASOL respectively ABBA BidCo. 
AKASOL will put the requested transfer resolution on the agenda of the next extraordinary general meeting. 
Contact Investor Relations: 
cometis AG 
Georg Grießmann 
T.: +49 (0) 611 205855 - 61 
Email: griessmann@cometis.de 
Contact Corporate Communications: 
AKASOL AG 
Morvyn Lipinski 
T.: +49 (0) 6151 800500 - 440 
Email: morvyn.lipinski@akasol.com 
About AKASOL: 
AKASOL is a leading German developer and manufacturer of high-energy and high-performance lithium-ion battery systems 
for use in buses, commercial vehicles, rail vehicles and industrial vehicles, as well as in ships and boats. With 30 
years of experience, AKASOL is a pioneer in the development and manufacture of lithium-ion battery systems for 
commercial applications. Shares of AKASOL AG stock have been traded on the Prime Standard segment of the Frankfurt 
Stock Exchange since June 29, 2018. 
 
=---------------------------------------------------------------------------------------------------------------------- 
03-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      AKASOL AG 
              Kleyerstraße 20 
              64295 Darmstadt 
              Germany 
Phone:        +49 6151/800 500 
E-mail:       info@akasol.com 
Internet:     www.akasol.com 
ISIN:         DE000A2JNWZ9 
WKN:          A2JNWZ 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1223579 
 
End of Announcement  DGAP News Service 
=------------ 

1223579 03-Aug-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223579&application_name=news 
 

(END) Dow Jones Newswires

August 03, 2021 04:27 ET (08:27 GMT)

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Financials
Sales 2021 122 M 143 M 143 M
Net income 2021 1,29 M 1,52 M 1,52 M
Net Debt 2021 53,1 M 62,3 M 62,3 M
P/E ratio 2021 1 403x
Yield 2021 -
Capitalization 758 M 889 M 888 M
EV / Sales 2021 6,66x
EV / Sales 2022 3,56x
Nbr of Employees 337
Free-Float 6,11%
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Mean consensus HOLD
Number of Analysts 4
Last Close Price 125,00 €
Average target price 116,83 €
Spread / Average Target -6,53%
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Managers and Directors
Sven Schulz Chief Executive Officer
Carsten Bovenschen Chief Financial Officer
Christoph Reimnitz Chairman-Supervisory Board
Marie-Luise Wolff-Hertwig Vice Chairman-Supervisory Board
Christian Brenneke Member-Supervisory Board
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