Gentherm Europe GmbH (formerly: Amerigon Europe GmbH) with its seat in Augsburg, Germany, as of today notified W.E.T. Automotive Systems Aktiengesellschaft that it has determined the amount of the cash consideration for the transfer of the shares of the remaining shareholders of W.E.T. Automotive Systems Aktiengesellschaft (minority shareholders) to Gentherm Europe GmbH as main shareholder pursuant to Sec. 327a ff. German Stock Corporation Act ('AktG') as follows:
The consideration in cash shall be EUR 90.05 (in words: ninety euro and
five cents) per no-par value bearer share of W.E.T. Automotive Systems
Aktiengesellschaft, each with a calculated nominal amount of the registered
share capital of EUR 3.00.
With its letter as of today Gentherm Europe GmbH has confirmed its
squeeze-out request pursuant to Sec. 327a para. 1 sentence 1 AktG and, in
particular, substantiated its request by notification of the determined
cash consideration.
Gentherm Europe GmbH holds more than 95 % of the registered share capital
of W.E.T. Automotive Systems Aktiengesellschaft and is therefore its main
shareholder according to Sec. 327a para. 1 sentence 1 AktG.
The transfer resolution shall be voted upon at the next annual general
meeting of W.E.T. Automotive Systems Aktiengesellschaft, which currently is
scheduled for 28 August 2013.
Odelzhausen, this 12 June 2013
The Management Board
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