WINCOR NIXDORF Aktiengesellschaft / Key word(s): Mergers & Acquisitions
16.08.2016 15:16
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Public disclosure of an inside information according to Article 17 para. 1
of the Regulation (EU) No 596/2014 on market abuse (market abuse regulation
- MAR)
WINCOR NIXDORF Aktiengesellschaft: Domination and profit and loss transfer
agreement with Diebold Holding Germany Inc. & Co. KGaA
Paderborn, 16 August 2016
Following the consummation of the tender offer by Diebold, Incorporated,
North Canton, Ohio, USA, to the shareholders of Wincor Nixdorf
Aktiengesellschaft the management board and supervisory board of Wincor
Nixdorf Nixdorf Aktiengesellschaft each passed the resolution today to
submit a proposal to the extraordinary general meeting scheduled to be held
on 26 September 2016 to approve the conclusion of a domination and profit
and loss transfer agreement between Wincor Nixdorf Aktiengesellschaft as
dominating entity and Diebold Holding Germany Inc. & Co. KGaA, Eschborn, a
100% subsidiary of Diebold, Incorporated, as dominating entity. The
domination and profit and loss transfer agreement will permit the companies
to implement the intended measures for the integration of the business
operations of Wincor Nixdorf Aktiengesellschaft and Diebold, Incorporated.
The draft of the domination and profit and loss transfer agreement provides
that Diebold Holding Germany Inc. & Co. KGaA will grant each outside
shareholder of Wincor Nixdorf Aktiengesellschaft an annual recurring
compensation payment according to Section 304 of the German Stock
Corporation Act (Aktiengesetz) in a gross amount of EUR 3.17 (net: EUR
2.85) for each share of Wincor Nixdorf Aktiengesellschaft and that it will
acquire, upon request of any outside shareholder, shares in Wincor Nixdorf
Aktiengesellschaft against a reasonable exit compensation according to
Section 305 of the German Stock Corporation Act (Aktiengesetz) of EUR 53.34
per share of Wincor Nixdorf Aktiengesellschaft.
Due to potential changes in the base interest rate until the relevant
valuation date, the date of extraordinary general meeting on 26 September
2016, the amount of the recurring compensation and of the exit compensation
may vary.
In the event of a decrease in the base interest rate before personal taxes
from currently 0.7 % to 0.6 % the recurring compensation would be reduced
to a gross amount of EUR 3.15 (net: EUR 2.83) and the amount of exit
compensation would increase to EUR 54.17. A further decrease in the base
interest rate before personal taxes to 0.5 % would reduce the recurring
compensation to a gross amount of EUR 3.13 (net: EUR 2.82) and would
increase the amount of exit compensation to EUR 55.02. In the event of an
increase in the base interest rate before personal taxes to 0.8 % the
recurring compensation would increase to a gross amount of EUR 3.18 (net:
EUR 2.87) and the exit compensation would be reduced to an amount of EUR
52.54.
The draft domination and profit and loss transfer agreement, the expert
opinion regarding the enterprise value of Wincor Nixdorf
Aktiengesellschaft, the joint contract report of Wincor Nixdorf
Aktiengesellschaft and Diebold Holding Germany Inc. & Co. KGaA as well as
the audit report of ADKL AG Wirtschaftsprüfungsgesellschaft, the court
appointed auditor, will be disclosed to the shareholders of Wincor Nixdorf
Aktiengesellschaft in connection with the convocation of the extraordinary
general meeting in accordance with applicable laws.
16.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: WINCOR NIXDORF Aktiengesellschaft
Heinz-Nixdorf-Ring 1
33106 Paderborn
Germany
Phone: +49 (0)5251 693 30
Fax: +49 (0)5251 693 6767
E-mail: info@wincor-nixdorf.com
Internet: www.wincor-nixdorf.com
ISIN: DE000A0CAYB2, DE000A169QN2
WKN: A0CAYB, A169QN
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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DGAP-Adhoc: WINCOR NIXDORF Aktiengesellschaft:
| Source: EQS Group AG