With reference to SimCorp A/S' (SimCorp or the Company) announcements of 25 May 2023 (no. 11/2023), of 7 June 2023 (no. 13/2023), of 7 July 2023 (no. 16/2023), of 28 July 2023 (no. 18/2023), 20 September 2023 (no. 24/2023) and of 22 September 2023 (no. 25/2023) concerning Deutsche Börse AG's (Deutsche Börse) all-cash voluntary takeover offer to acquire all of the issued and outstanding shares (except treasury shares) in SimCorp (the Offer), Deutsche Börse has today announced that on 29 September 2023 it settled and closed the Offer as planned.
In addition, pursuant to sections 70-72 of the Danish Companies Act, Deutsche Börse has today published its notice on compulsory acquisition of the shares held by the remaining minority shareholders in SimCorp. All remaining minority SimCorp shareholders are formally requested by Deutsche Börse to transfer their SimCorp shares to Deutsche Börse within a period of four (4) weeks expiring on 30 October 2023 at 23:59 (CEST) (the Compulsory Acquisition Notice Period).
The compulsory acquisition of the shares in SimCorp will be made at a price of DKK 735 for each share with a nominal value of DKK 1.00 and payment will be made in cash.
The Board of Directors of SimCorp notes that the compulsory acquisition is made at the same price per share (DKK 735) as was offered to the shareholders in the Offer. The Board of Directors refers to its statement on the Offer published on 7 June 2023.
Accepting shareholders must request its account holding institution to transfer their shares to Deutsche Börse. Settlement of the transferred shares will take place after expiry of the Compulsory Acquisition Notice Period.
Reference is made to Deutsche Börse's notice of compulsory acquisition attached to this company announcement.
Deutsche Börse has further informed SimCorp that it will today seek to have the SimCorp shares removed from trading and official listing on Nasdaq Copenhagen A/S.
Information regarding the removal from trading and official listing of the SimCorp shares will follow in separate announcements.
Enquiries regarding this announcement should be addressed to
Michael Bjergby, Chief Financial Officer, SimCorp A/S (+45 3137 4171)
Tobias Brun-Falkencrone, Head of Branding & Communications, SimCorp A/S (+45 2938 1384)
Company announcement no. 26/2023
Notice of compulsory acquisition (Danish version)
Notice of compulsory acquisition (English version)
SimCorp offers an industry-leading front-to-back investment management platform and ecosystem used by 40% of the world’s top 100 asset owners and managers. The Company’s proprietary technology and its ecosystem comprising partners, services, and third-party connectivity empowers SimCorp’s customers to manage over USD 30 trillion of assets with the efficiency and flexibility needed to succeed. With over 25 offices around the world, and more than 2,200 employees, SimCorp is a truly global, collaborative team with a track record of more than 50 years of innovation.