Appraisal proceedings regarding the control and profit and loss transfer agreement with Vantage Towers AG

by Attorney-at-law Martin Arendts, M.B.L.-HSG

Several minority shareholders have applied to the Düsseldorf Regional Court for a judicial review of the adequacy of the cash compensation and annual settlement offered under the domination and profit and loss transfer agreement.

The majority shareholder Oak Holdings GmbH has offered a cash compensation of EUR 28.24 per Vantage Towers share and a annual compensation payment of EUR 1.63 gross per share less an amount for corporate income tax and the solidarity surcharge in accordance with the tax rate applicable to these taxes for the respective financial year (currently therefore EUR 1.52 net). The compensation offered is thus significantly lower than the most recent share prices (currently only on the open market of the Hamburg Stock Exchange).

A procedural connection and the appointment of the joint representative have not yet been made.

Düsseldorf Regional Court, Case No. 31 O 14/23 [AktE] et al.