Deutsche Börse to provoke SimCorp squeeze-out

Following the profitable closing of the SimCorp public takeover on Friday, 29 September 2023, Deutsche Börse right now exercised its proper to provoke a obligatory acquisition of all SimCorp shares held by the remaining minority shareholders.

Subsequently, Deutsche Börse requests all remaining SimCorp shareholders to switch their shares inside a interval of 4 weeks expiring on 30 October 2023. The obligatory acquisition will likely be accomplished at a value of DKK 735 for every SimCorp share and cost will likely be made in money. Settlement of the transferred SimCorp shares will happen after expiry of the four-week interval.

As well as, SimCorp has right now requested Nasdaq Copenhagen to take away its shares from buying and selling and official itemizing. SimCorp has requested that the final day of buying and selling and official itemizing will likely be 30 October 2023, the final enterprise day throughout the four-week obligatory acquisition discover interval.