WESTGRUND Aktiengesellschaft: ADO Properties S.A. announces proposed offer price for its voluntary takeover bid to the WESTGRUND shareholders

DGAP-Ad-hoc: WESTGRUND Aktiengesellschaft / Key word(s): Offer WESTGRUND Aktiengesellschaft: ADO Properties S.A. announces proposed offer price for its voluntary takeover bid to the WESTGRUND shareholders 17-Apr-2020 / 16:57 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. WESTGRUND Aktiengesellschaft, Berlin ISIN: DE000A0HN4T3 WKN: A0HN4T Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014   ADO Properties S.A. announces proposed offer price for its voluntary takeover bid to the WESTGRUND shareholders Berlin, 17 April 2020 - ADO Properties S.A., Luxembourg ("Bidder"), today informed us that the value per WESTGRUND Share determined on the basis of a company valuation of WESTGRUND Aktiengesellschaft pursuant to Section 31 (1), (2) and (7) WpÜG in conjunction with Section 5 (4) WpÜG Offer Regulation amounts to EUR 11,71. Accordingly, the Bidder intends to offer EUR 11,71 in cash per WESTGRUND share as consideration in its voluntary public takeover offer to the shareholders of WESTGRUND Aktiengesellschaft announced on 25 March 2020. In addition, the Bidder has further stated that it has resolved to implement the Takeover Offer as a compensation offer necessary for the delisting of WESTGRUND Shares from trading on the regulated market of the Düsseldorf Stock Exchange (§ 39 (2) and (3) of the Stock Exchange Act). Consequently, the Management Board of WESTGRUND Aktiengesellschaft will examine the filing of a corresponding application for delisting with the Düsseldorf Stock Exchange. However, as of yet neither the management board nor the supervisory board of WESTGRUND Aktiengesellschaft have passed corresponding resolutions nor is there an agreement with the Bidder. WESTGRUND Aktiengesellschaft The Management Board   Contact: Dr. Rolf-Dieter Grass Head of Corporate Communication Tel: [phone] Mail: [e-mail] 17-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	WESTGRUND Aktiengesellschaft
	Joachimsthaler Strasse 34
	10719 Berlin
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.westgrund.de
ISIN:	DE000A0HN4T3, DE000A14KCW5
WKN:	A0HN4T, A14KCW
Listed:	Regulated Market in Dusseldorf; Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID:	1024433

End of Announcement	DGAP News Service

1024433  17-Apr-2020 CET/CEST