Berlin, 4 November 2021:
The resolution of the extraordinary general meeting of WESTGRUND Aktiengesellschaft ("WESTGRUND") held on June 9, 2021 regarding the transfer of the shares of the minority shareholders of WESTGRUND to ADLER Real Estate Aktiengesellschaft ("ADLER") as the majority shareholder for an appropriate cash compensation in the amount of EUR 13.24 per no-par-value bearer WESTGRUND share was registered with the commercial register of the local court in Charlottenburg on 3 November 2021 and announced today.
Upon registration of resolution on the transfer with the commercial register, all shares held by minority shareholders of WESTGRUND are transferred by law to ADLER.
The listing of the WESTGRUND shares will be discontinued shortly.
The details of the payment of the cash compensation will be disclosed separately in the German Federal Gazette (Bundesanzeiger) in a timely manner.
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