New York/Berlin, October 8, 2025 – Leonardo Art Holdings GmbH (“Main Shareholder”) today confirmed and specified its request to the management board of artnet AG (“Company”) dated August 19, 2025, for the transfer of the shares of the remaining shareholders of the Company (“Minority Shareholders”) to the Main Shareholder against payment of an adequate cash compensation in accordance with Sections 327a et seq. of the German Stock Corporation Act (“Squeeze-Out”).
The Main Shareholder has informed the Company’s management board that it holds approximately 95.42% of the Company’s share capital as of today following the completion of its public takeover and delisting offer and has set the adequate cash compensation for the transfer of the shares of the Minority Shareholders at EUR 11.16 per no-par value registered share of the Company. The court-appointed expert auditor responsible for reviewing the adequacy of the cash compensation has confirmed the adequacy of the cash compensation determined by the Main Shareholder.
The squeeze-out resolution of the Company’s shareholders meeting shall be passed at an extraordinary general meeting of the Company, which is expected to take place on November 20, 2025 in Berlin in the form of a physical shareholders’ meeting.
The Squeeze-Out will take effect once the squeeze-out resolution has been passed by the Company’s shareholders meeting and registered with the commercial register. Upon registration of the squeeze-out resolution with the commercial register, all shares held by Minority Shareholders in the Company will be transferred to the Majority Shareholder.
