News Detail

Sixt Leasing SE: Offer for Sixt Leasing Shares of EUR 18.00 ends in 14 hours, Thursday, 30 April 2020, 24:00 hrs CEST

• Acceptance Period ends on Thursday, 30 April 2020, 24:00 hrs CEST.
• Acceptance Rate as published by the Bidder as of 29 April, 14:00 hrs CEST, was around 46% (including the shares acquired from Sixt SE).
• As outlined in the Reasoned Statement published on 6 April 2020 (https://ir.sixt-leasing.com/takeoveroffer), the Sixt Leasing Managing Board and Supervisory Board recommend the Acceptance of the Voluntary Public Takeover Offer by Hyundai Capital Bank Europe GmbH.

Pullach, 30 April 2020 - Sixt Leasing SE informs its Shareholders that the Acceptance Period ends today, on Thursday, 30 April 2020, at 24:00 hrs CEST. By this time, the Minimum Acceptance Threshold of 55% has to be reached in order for the Offer to be successful.

The Bidder has made the completion of the Offer subject to, inter alia, reaching a Minimum Acceptance Threshold equivalent to 55% of all Sixt Leasing Shares issued at the end of the Acceptance Period (including the 8,644,638 Sixt Leasing Shares to be acquired from Sixt SE under the SPA), and thus 11,336,377 Sixt Leasing Shares. The Acceptance rate as published by the Bidder as of 29 April 2020, 14:00 hrs CEST, by means of its ongoing Mandatory Acceptance Rate Announcements is around 46%.

The offer price of EUR 18.00 includes a premium of 25% over the XETRA closing price one day prior to the publication of the ad-hoc notifications by Sixt SE and Sixt Leasing SE on 19 February 2020 in response to market rumors. Since then, there were significant price declines across national and international capital markets caused by the increasingly deteriorating Covid-19 situation. Over this period, the SDAX and MDAX have lost 18.15% and 19.45% respectively.

The Sixt Leasing Managing Board and Supervisory Board recommended the Acceptance of the Voluntary Public Takeover Offer by Hyundai Capital Bank Europe GmbH in its Reasoned Statement on 6 April 2020 and recommend that Shareholders wishing to accept the Offer do so prior to the end of the Acceptance Period.

For further information please refer to the Takeover Offer Section on the Sixt Leasing website (https://ir.sixt-leasing.com/takeoveroffer).