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© andreypopov dreamstime.com Embedded | April 26, 2017

Kontron details planned merger with S&T

Kontron AG and S&T Holding Deutschland AG are in advanced negotiations regarding the conclusion of a merger agreement.
Notarisation of such agreement can be expected presumably on 3 May 2017 subject to the approvals by their respective supervisory boards scheduled for 2 May 2017.

Notification below:

Kontron AG instructed an external neutral valuation company, Dr. Kleeberg und Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, München, which calculated an adequate exchange ratio of 1 (one) S&T Holding AG-share for 1 (one) Kontron AG-share, respectively, and an adequate cash compensation of EUR 3.11 per Kontron AG-share which both was confirmed by Deloitte Wirtschaftsprüfungsgesellschaft GmbH, München, the joint court appointed valuation company.

It is planned that shareholders of Kontron AG, who do not choose the cash compensation but exchange their Kontron AG-shares in S&T Deutschland Holding AG-shares, receive by S&T AG, Linz (Austria), an offer to contribute these shares into S&T AG, Linz (Austria), within the scope of a non-cash capital increase and thus exchange such shares in shares of TecDAX listed S&T AG, Linz (Austria). S&T AG, Linz (Austria), has informed us that it is currently calculating the respective exchange ratio which will be determined in the next days and subsequently published.

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October 16 2017 2:56 PM V8.8.6-1