EQS-WpÜG: Attainment of Control / Target company: Surteco Group SE; Bidder: Banasino Investments S.a r.l.
EQS-WpÜG: Banasino Investments S.a r.l. / Attainment of Control NON-BINDING ENGLISH TRANSLATION
Publication of the acquisition of control pursuant to Section 35 para. 1 sentence 1 in conjunction with Section 10 para. 3 sentences 1 and 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG)
Bidder: BANASINO INVESTMENTS S.à r.l. 1 Rue Gadderscheier 4984 Soleuvre Luxembourg registered with the Luxembourg trade and companies register (registre de commerce et des sociétés) under registration number B271922
Target: SURTECO GROUP SE Johan-Viktor-Bausch-Straße 2 86647 Buttenwiesen Germany registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Augsburg under HRB 23000 WKN: 517690 / ISIN DE0005176903
On 4 October 2024, BANASINO INVESTMENTS S.à r.l. (the "Bidder") has acquired control within the meaning of Section 35 para. 1 sentence 1 in conjunction with Section 29 para. 2 WpÜG over SURTECO GROUP SE (the "Target Company") by acquiring additional shares of the Target Company. The Bidder directly holds 4,652,218 no-par value bearer shares (auf den Inhaber lautende Stückaktien) in the Target Company with a pro rata amount of the share capital of the Target Company of EUR 1.00 per share (the "SURTECO-Shares"); this corresponds to 30.00% of the voting rights in the Target Company. The Bidder does not hold any further voting rights in the Target Company. No voting rights are attributed to the Bidder pursuant to Section 30 WpÜG. With the aforementioned acquisition of SURTECO-Shares by the Bidder on 4 October 2024, the voting rights from 4,652,218 shares of the Target Company held by the Bidder are also fully attributed to the following persons pursuant to Section 30 para. 1 sentence 1 no. 1, sentence 3 WpÜG, who thus also attained control over the Target Company on 4 October 2024 pursuant to Section 35 para. 1 sentence 1 in conjunction with Sections 29 para. 2, 30 para. 1 sentence 1 no. 1, sentence 3WpÜG:
This publication pursuant to Section 35 para. 1 sentence 1 WpÜG in conjunction with Section 10 para. 3 sentences 1 and 2 WpÜG is, therefore, also made on behalf of BANASINO INVESTMENTS LIMITED, Luda Stiftung and Mr Matthias Kaindl (together the "Bidder Parent Companies"). The Bidder will publish a mandatory offer (the "Mandatory Offer") to all shareholders of the Target Company after the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) has authorised the publication of the offer document pursuant to Section 35 para. 2 WpÜG. In the Mandatory Offer, the Bidder will offer the shareholders of the Target Company to acquire their shares at the statutory minimum price. In all other respects, the Mandatory Offer will be made on the terms and conditions set out in the offer document. The offer document (in German and a non-binding English translation), which contains the detailed terms and conditions of the Mandatory Offer as well as further related information, will be published on the internet at https://www.banasino-angebot.com. With the publication of the Mandatory Offer, the Bidder will also fulfil the obligations of the Bidder Parent Companies resulting from Section 35 para. 2 WpÜG. They will therefore not publish a separate mandatory offer to the shareholders of the Target Company.
Important notice: This announcement is neither an offer to purchase nor a solicitation of an offer to sell SURTECO-Shares. The definite terms and conditions of the Mandatory Offer, as well as further provisions concerning the Mandatory Offer, will be published in the offer document following permission by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) to publish the offer document. Investors and holders of SURTECO-Shares are strongly advised to read the offer document and all other documents regarding the Mandatory Offer when they become available, as they will contain important information. The Mandatory Offer will be published exclusively under the laws of the Federal Republic of Germany and certain applicable provisions of the securities laws of the United States of America. Any contract concluded based on the Mandatory Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws. To the extent permissible under applicable law or regulation, and in accordance with German market practice, the Bidder, its affiliates or its brokers may purchase, or conclude agreements to purchase, SURTECO-Shares, directly or indirectly, outside of the scope of the Mandatory Offer, before, during or after the period in which the offer remains open for acceptance. This applies to other securities which are directly convertible into, exchangeable for, or exercisable for SURTECO-Shares. These purchases may be completed via the stock exchange at market prices or outside the stock exchange on negotiated terms and conditions. Any information on such purchases will be disclosed as required by law or regulation in Germany or any other relevant jurisdiction.
Soleuvre, 4 October 2024
BANASINO INVESTMENTS S.à r.l.
End of WpÜG announcement End of WpÜG announcement
04.10.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Listed: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart, Tradegate Exchange |
End of News | EQS News Service |
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2000953 04.10.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 698,98 | 675,27 | 626,99 | 757,06 | 747,70 | 835,09 | 885,00 | |
EBITDA1,2 | 72,78 | 66,29 | 88,32 | 114,76 | 84,18 | 66,57 | 91,00 | |
EBITDA-Margin3 | 10,41 | 9,82 | 14,09 | 15,16 | 11,26 | 7,97 | 10,28 | |
EBIT1,4 | 32,20 | 21,12 | 46,15 | 72,52 | 40,18 | 8,12 | 38,00 | |
EBIT-Margin5 | 4,61 | 3,13 | 7,36 | 9,58 | 5,37 | 0,97 | 4,29 | |
Net Profit (Loss)1 | 18,93 | 9,76 | 33,77 | 47,81 | 25,23 | -2,42 | 21,00 | |
Net-Margin6 | 2,71 | 1,45 | 5,39 | 6,32 | 3,37 | -0,29 | 2,37 | |
Cashflow1,7 | 60,70 | 84,04 | 82,66 | 43,75 | 69,14 | 100,58 | 84,00 | |
Earnings per share8 | 1,20 | 0,61 | 2,17 | 3,08 | 1,63 | -0,79 | 1,25 | |
Dividend per share8 | 0,55 | 0,00 | 0,80 | 1,00 | 0,70 | 0,00 | 0,40 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
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INVESTOR-INFORMATION | ||||||
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Surteco Group | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
517690 | DE0005176903 | SE | 307,01 Mio € | 02.11.1999 | Halten | 8FWGJP79+24 |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
12,77 | 17,44 | 0,73 | 14,48 | 0,75 | 3,05 | 0,37 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,70 | 0,00 | 0,40 | 2,02% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
11.06.2025 | 29.04.2025 | 31.07.2025 | 31.10.2024 | 29.04.2025 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
+8,42% | +22,21% | +22,22% | +32,89% | +0,00% |
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