DGAP-Adhoc: WESTGRUND Aktiengesellschaft: ADO Properties S.A. announces proposed offer price for its voluntary takeover bid to the WESTGRUND shareholders

WESTGRUND Aktiengesellschaft, Berlin

ISIN: DE000A0HN4T3
WKN: A0HN4T

Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

ADO Properties S.A. announces proposed offer price for its voluntary takeover bid
to the WESTGRUND shareholders

Berlin, 17 April 2020 - ADO Properties S.A., Luxembourg ("Bidder"), today informed us that the value per WESTGRUND Share determined on the basis of a company valuation of WESTGRUND Aktiengesellschaft pursuant to Section 31 (1), (2) and (7) WpÜG in conjunction with Section 5 (4) WpÜG Offer Regulation amounts to EUR 11,71.

Accordingly, the Bidder intends to offer EUR 11,71 in cash per WESTGRUND share as consideration in its voluntary public takeover offer to the shareholders of WESTGRUND Aktiengesellschaft announced on 25 March 2020.

In addition, the Bidder has further stated that it has resolved to implement the Takeover Offer as a compensation offer necessary for the delisting of WESTGRUND Shares from trading on the regulated market of the Düsseldorf Stock Exchange (§ 39 (2) and (3) of the Stock Exchange Act).

Consequently, the Management Board of WESTGRUND Aktiengesellschaft will examine the filing of a corresponding application for delisting with the Düsseldorf Stock Exchange. However, as of yet neither the management board nor the supervisory board of WESTGRUND Aktiengesellschaft have passed corresponding resolutions nor is there an agreement with the Bidder.

WESTGRUND Aktiengesellschaft

The Management Board