18.12.2023 Mosel Bidco SE  DE000A2GS401

EQS-WpÜG: Tender Offer / Target company: Software Aktiengesellschaft; Bidder: Mosel Bidco SE


 

EQS-WpÜG: Mosel Bidco SE / Tender Offer
Tender Offer / Target company: Software Aktiengesellschaft; Bidder: Mosel Bidco SE

18.12.2023 / 08:02 CET/CEST
Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by EQS News - a service of EQS Group AG.
The bidder is solely responsible for the content of this announcement.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

  

Publication of the decision to issue a public delisting tender offer

pursuant to Sec. 10 para. 1 of the German Securities Acquisition and Takeover Act (WpÜG) in conjunction with Sec. 39 para. 2 sent. 3 no. 1 of the German Stock Exchange Act (BörsG)

 

 

Bidder:

Mosel Bidco SE

Bennigsen-Platz 1

c/o Alter Domus Deutschland GmbH

40474 Düsseldorf

Germany

registered with the commercial register of the local court (Amtsgericht) of Munich under 280569

 

Target:

Software Aktiengesellschaft

Uhlandstraße 12

64297 Darmstadt

Germany

registered with the commercial register of the local court (Amtsgericht) of Darmstadt under HRB 1562

 

ISIN: DE000A2GS401 (WKN: A2GS40)

Today, Mosel Bidco SE, a holding company controlled by funds managed or advised by Silver Lake, ("Bidder") has decided to offer to the shareholders of Software Aktiengesellschaft ("SAG") by way of a public delisting tender offer ("Delisting Offer") to acquire all no-par value registered shares in SAG with a proportionate interest in the share capital of EUR 1.00 per share ("SAG Shares"). The Bidder intends to offer a cash consideration in the amount of EUR 32.00 per SAG Share ("Offer Price").

The Delisting Offer will not be subject to completion conditions.

The offer document for the Delisting Offer (in German and a non-binding English translation) and further information on the Delisting Offer will be published and available on the internet at www.offer-2023.com.

Important Information:

This announcement is neither an offer to purchase nor a solicitation of an offer to sell SAG Shares. The final terms of the Delisting Offer as well as other provisions relating to the Delisting Offer will be communicated in the offer document after the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) has permitted the publication of the offer document. The Bidder reserves the right to deviate from the key items presented here in the final terms and conditions of the Delisting Offer to the extent legally permissible. Investors and holders of SAG Shares are strongly advised to read the offer document and all other documents relating to the Delisting Offer as soon as they have been made public, as they will contain important information. The offer document for the Delisting Offer (in German and a non-binding English translation) with the detailed terms and conditions and other information on the Delisting Offer will be published after approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) amongst other information on the internet at www.offer-2023.com.

The Delisting Offer will be implemented exclusively on the basis of the applicable provisions of German law, in particular the German Stock Exchange Act (Börsengesetz – BörsG), the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG), and certain securities law provisions of the United States of America relating to cross-border takeover offers. The Delisting Offer will not be conducted in accordance with the legal requirements of jurisdictions other than the Federal Republic of Germany or the United States of America (as applicable). Accordingly, no notices, filings, approvals or authorizations for the Delisting Offer have been filed, caused to be filed or granted outside the Federal Republic of Germany or the United States of America (as applicable). Investors and holders of SAG Shares cannot rely on being protected by the investor protection laws of any jurisdiction other than the Federal Republic of Germany or the United States of America (as applicable). Subject to the exceptions described in the offer document and, where applicable, any exemptions to be granted by the respective regulatory authorities, no delisting offer will be made, directly or indirectly, in those jurisdictions in which this would constitute a violation of applicable law. This announcement may not be released or otherwise distributed in whole or in part, in any jurisdiction in which the Delisting Offer would be prohibited by applicable law.

The Bidder reserves the right, to the extent permitted by law, to directly or indirectly acquire additional SAG Shares outside the Delisting Offer on or off the stock exchange, provided that such acquisitions or arrangements to acquire are not made in the United States, will comply with the applicable German statutory provisions, in particular the BörsG, the WpÜG, and the Offer Price is increased in accordance with the WpÜG, to match any consideration paid outside of the Delisting Offer if higher than the Offer Price. If such acquisitions take place, information on such acquisitions, including the number of SAG Shares acquired or to be acquired and the consideration paid or agreed, will be published without undue delay if and to the extent required under the laws of the Federal Republic of Germany, the United States or any other relevant jurisdiction. The Delisting Offer announced in this announcement will relate to shares in a German company admitted to trading on the Frankfurt Stock Exchange and will be subject to the disclosure requirements, rules and practices applicable to companies listed in the Federal Republic of Germany, which differ from those of the United States and other jurisdictions in certain material respects. This announcement has been prepared in accordance with German style and practice for the purposes of complying with the laws of the Federal Republic of Germany. The financial information relating to the Bidder and SAG included elsewhere, including in the offer document, will be prepared in accordance with provisions applicable in the Federal Republic of Germany and will not be prepared in accordance with generally accepted accounting principles in the United States; therefore, it may not be comparable to financial information relating to United States companies or companies from other jurisdictions outside the Federal Republic of Germany. The Delisting Offer will be made in the United States pursuant to Section 14(e) of, and Regulation 14E under, the Exchange Act, and otherwise in accordance with the requirements of the laws of the Federal Republic of Germany. Shareholders from the United States should note that SAG is not listed on a United States securities exchange, is not subject to the periodic requirements of the Exchange Act and is not required to, and does not, file any reports with the United States Securities and Exchange Commission.

Any contract entered into with the Bidder as a result of the acceptance of the planned Delisting Offer will be governed exclusively by and construed in accordance with the laws of the Federal Republic of Germany. It may be difficult for shareholders from the United States (or from elsewhere outside of Germany) to enforce certain rights and claims arising in connection with the Delisting Offer under United States federal securities laws (or other laws they are acquainted with) since the Bidder and SAG are located outside the United States (or the jurisdiction where the shareholder resides), and their respective officers and directors reside outside the United States (or the jurisdiction where the shareholder resides). It may not be possible to sue a non-United States company or its officers or directors in a non-United States court for violations of United States securities laws. It also may not be possible to compel a non-United States company or its subsidiaries to submit themselves to a United States court’s judgment.

To the extent that this document contains forward-looking statements, they are not statements of fact and are identified by the words "intend", "will" and similar expressions. These statements express the intentions, beliefs or current expectations and assumptions of the Bidder and the persons acting in concert with it. Such forward-looking statements are based on current plans, estimates and projections made by the Bidder and the persons acting in concert with it to the best of their knowledge, but are not guarantees of future accuracy (this applies in particular to circumstances beyond the control of the Bidder or the persons acting in concert with it). Forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and are usually beyond the Bidder's control or the control of the persons acting in concert with it. It should be taken into account that actual results or consequences in the future may differ materially from those indicated or contained in the forward-looking statements. It cannot be ruled out that the Bidder and the persons acting in concert with it will change their intentions and estimates stated in documents or notifications or in the offer document yet to be published after publication of the documents, notifications or the offer document.

Munich, 18 December 2023


Mosel Bidco SE



End of WpÜG announcement

18.12.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Listed: Regulierter Markt in Frankfurt (Prime Standard), Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart, Tradegate Exchange

 
End of News EQS News Service

1798433  18.12.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1798433&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 878,98 865,71 890,61 834,85 833,84 958,18 1.000,30
EBITDA1,2 259,61 256,62 255,49 170,37 156,94 158,86 196,30
EBITDA-Marge3 29,54 29,64 28,69 20,41 18,82 16,58
EBIT1,4 218,41 224,55 208,04 130,45 116,78 75,64 74,80
EBIT-Marge5 24,85 25,94 23,36 15,63 14,01 7,89 7,48
Jahresüberschuss1 140,60 165,20 155,32 130,45 84,34 19,25 -26,40
Netto-Marge6 16,00 19,08 17,44 15,63 10,12 2,01 -2,64
Cashflow1,7 189,39 195,06 172,04 112,45 116,24 18,40 -1,40
Ergebnis je Aktie8 1,88 2,23 2,09 1,29 1,13 0,26 -0,36
Dividende8 0,65 0,71 0,76 0,76 0,76 0,05 0,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Software AG
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2GS40 35,550 2.630,70
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,20 20,83 0,97 25,87
KBV KCV KUV EV/EBITDA
1,74 - 2,63 14,90
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,05 0,00 0,00 24.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
27.04.2023 27.07.2023 26.10.2023 28.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,69% 1,77% 0,14% 10,20%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Mosel Bidco SE  ISIN: DE000A2GS401 können Sie bei EQS abrufen


Software , A2GS40 , SOW , XETR:SOW