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Why is HanseYachts AG revoking the admission of its shares to trading on the regulated market of the Frankfurt Stock Exchange?

  • The previous admission to trading on the regulated market is associated with considerable financial and personnel burdens for HanseYachts due to the steadily increasing extensive capital market regulation, particularly from the EU.
  • In contrast, the previous admission to trading on the regulated market has no corresponding economic benefit for HanseYachts.
  • The resources freed up at the management level as a result of this can be fully utilised for the core business - yacht building - in the future.

What advantages does the delisting of HanseYachts AG bring in detail?

  • Discontinuation of trading the share on the Frankfurt Stock Exchange enables savings expected to amount to over half a million euros.
  • Reduction in auditing costs due to the elimination of the obligation to publish the half-yearly financial report and a reduction in the scope of the consolidated and annual financial statements
  • Elimination of ad hoc publicity and notification obligations regarding voting rights in accordance with the German Securities Trading Act and director's dealings via EQS
  • Elimination of the obligation to keep and maintain insider lists
  • Reduction in the maintenance of an investor relations website and the associated follow-up obligations
  • Elimination of the ongoing admission fees of the Frankfurt Stock Exchange and the costs for a designated sponsor
  • Elimination of capital market legal advice

What offer is HY Beteiligungs GmbH making to shareholders in connection with the delisting?

  • HY Beteiligungs GmbH, a wholly owned subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA, intends to offer to the shareholders of HanseYachts AG by way of a public delisting tender offer to acquire all no-par value registered shares of HanseYachtsAG (DE000A0KF6M8) not held by Aurelius.
  • The acquisition shall be made for each HanseYachts share against payment of a cash consideration in the amount of the weighted average domestic stock exchange price of the HanseYachts shares during the last six months prior to the publication of the decision to make an offer.
  • This weighted average domestic stock exchange price will be determined by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). HY Beteiligungs GmbH will announce the offer price in a separate publication.
  • The offer document, containing the details of the offer, will be published at after the offer has been authorised by the German Federal Financial Supervisory Authority (BaFin).

What happens if the purchase offer is not accepted?

  • Shareholders who decide against accepting the purchase offer of HY Beteiligungs GmbH will remain shareholders of HanseYachts AG. The percentage of their shareholding corresponds unchanged to the percentage of shares held in the total number of currently 19,066,538 issued shares.
  • Upon completion of the delisting, trading of HanseYachts shares on the regulated market of the Frankfurt Stock Exchange will be discontinued so that HanseYachts shares can no longer be traded on the Frankfurt Stock Exchange.
  • In addition, publicly available financial and other information will be limited in the future, as the extensive financial reporting obligations and the application of numerous other regulations on market information will end with the termination of trading on the regulated market of the Frankfurt Stock Exchange.

How can shares be traded/sold later?

  • The cancellation of the admission of the shares to trading on the regulated market will terminate trading of the shares on the Frankfurt Stock Exchange.
  • The Company will also endeavour to terminate the inclusion of HanseYachts shares in trading in the over-the-counter markets of the stock exchanges in Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart as well as via Tradegate Exchange and gettex and any other trading platform known to the Company. As these trading relationships were established at the request of trading participants without the involvement of the company, it is uncertain whether trading in these over-the-counter markets and trading platforms will also be terminated.

What does the delisting mean for shareholders' rights?

  • The delisting has no influence on the rights of the shareholders regulated in the German Stock Corporation Act (AktG) and in the Statutes of HanseYachts AG.

When is the delisting of HanseYachts shares expected?

  • It is expected that the cancellation of the listing of the HanseYachts shares will take place at the same time as the end of the acceptance period.