EQS-Adhoc: SNP: Receipt of a notice of intention to enter into a domination and profit and loss transfer agreement between SNP Schneider-Neureither & Partner SE and Succession German Bidco GmbH

SNP: Receipt of a notice of intention to enter into a domination and profit and loss transfer agreement between SNP Schneider-Neureither & Partner SE and Succession German Bidco GmbH

Heidelberg, Germany, 22 January 2025 – Today, SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705, Prime Standard, Ticker Symbol: SHF) ("SNP" or the "Company") has received a letter from Succession German Bidco GmbH ("Bidder") in which the latter notified the Company of its intention to conclude a domination and profit and loss transfer agreement in accordance with Sec. 291 para. 1 of the German Stock Corporation Act (Aktiengesetz - AktG) between the Company as the controlled and profit-transferring company and the Bidder as the controlling and profit transfer-entitled company.

On 23 December 2024, the Bidder announced its intention to make a voluntary public takeover offer to all outside shareholders of SNP at a price of EUR 61.00 per share in cash (the "Offer"). The publication of the offer document for the Offer will take place promptly within the statutory deadlines.

At the time of the announcement, the Bidder had already secured an aggregate 76.25% of the Company's share capital and 77.33 % of the voting rights (taking into consideration treasury shares held by SNP) by way of a share purchase agreement with the majority shareholder Wolfgang Marguerre and irrevocable undertakings with other shareholders. Against this background, the Bidder confidently assumes that after completion of the Offer it will have the necessary voting weight to resolve on the approval of a domination and profit and loss transfer agreement at a general meeting of the Company to be held within the next 6 months.

Against this background, subject to applicable antitrust regulations, the executive board of the Company will timely enter into negotiations with the management of the Bidder on the conclusion of a domination and profit and loss transfer agreement, in particular since according to the investment agreement entered into by the Company with the Bidder on 23 December 2024, the Bidder is obligated to bear the costs therefor.

SNP contact
Marcel Wiskow
Director lnvestor Relations
Tel.: +49 6221 6425-637
Email: marcel.wiskow@snpgroup.com
presse@snpgroup.com