Ad-hoc Disclosure acc. to Art. 17 MAR: Ralph Dommermuth considers to increase the shareholding controlled by him to approx. 51%; decision to make an offer not yet made
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Montabaur, November 4, 2021. Mr. Ralph Dommermuth has informed us today that he, with view to the investments in our business areas expected in the next years, in particular for the creation of a 5G mobile network, the expansion of the fibre optic network and the cloud infrastructure as well as of data driven business models, considers to strengthen his position as anchor shareholder held by him since the foundation of our company. More specifically, Mr. Dommermuth considers through an existing or newly established company controlled by him a voluntary acquisition offer for 17 million United Internet AG shares for a price of EUR 35 in December 2021. The stake controlled by Ralph Dommermuth in United Internet AG would thereby increase to approx. 51%.
A decision for making an offer to increase the shareholding has not yet been made by Mr. Dommermuth. According to his information, the decision dependends on, inter alia, the facts that the capital market conditions do not significantly change and that the financing is in total secured. Mr. Ralph Dommermuth has informed us that he is in discussions with a major international bank and that he has received today a first financing offer. It is still unclear whether funding will ultimately be forthcoming.
In case that Mr. Ralph Dommermuth decides to issue a voluntary offer to the United Internet AG shareholders, the offer may stand under certain regulatory conditions.
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This announcement does not constitute an offer for the purchase of securities, or a solicitation to make an offer for the purchase of securities, of the Company in the United States of America, Germany or any other jurisdiction.
This announcement contains forward-looking statements. These statements are based on the current views, expectations and assumptions of United Internet AG's management and contain known and unknown risks and uncertainties that could cause the actual results, performance or events to differ materially from those expressed or implied by such forward-looking statements. Actual results, performance or events may differ materially from those described therein due to, among other things, changes in the general economic environment or competitive situation, risks associated with capital markets, foreign exchange rate fluctuations and competition from other companies, changes in a foreign or domestic legal system, particularly with respect to the tax environment, that affect United Internet AG, or other factors. United Internet AG assumes no obligation to update forward-looking statements.