KKR & Co Ltd.
Acceptance rate of the voluntary public tender offerfor Axel Springer SE amounts to 42.5 percent
Acceptance rate of the voluntary public tender offer 26 August 2019 – Traviata II S.à r.l., a holding company owned by funds advised by KKR, today announced the result of the voluntary public tender offer for the shares (ISIN: DE0005501357, DE0005754238) of Axel Springer SE (“Axel Springer”) at the end of the additional acceptance period. As at midnight (CEST) on 21 August 2019, the tender offer has been accepted for 45,859,688 Axel Springer shares. This corresponds to approximately 42.5 percent of the outstanding shares. Therefore, as already announced on 5 August 2019, the minimum acceptance threshold of 20 percent has been exceeded. In addition, as of the end of the additional acceptance period, agreements have been entered into acquiring Axel Springer shares outside the public tender offer corresponding to approximately 1.04 percent of the share capital and the voting rights of Axel Springer. The tender offer remains subject to the completion of the regulatory conditions outlined in section 12.1.7 of the offer document. Closing of the transaction is expected to take place in the fourth quarter of 2019 or the first quarter of 2020. Additional information is available at www.traviata-angebot.de/en.
About KKR KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
About Axel Springer Axel Springer is a media and technology company and active in more than 40 countries. By providing information across its diverse media brands (among others BILD, WELT, BUSINESS INSIDER, POLITICO Europe) and classifieds portals (StepStone Group and AVIV Group) Axel Springer SE empowers people to make free decisions for their lives. Today, the transformation from a traditional print media company to Europe’s leading digital publisher has been successfully accomplished. The next goal has been identified: Axel Springer wants to become global market leader in digital content and digital classifieds through accelerated growth. The company is headquartered in Berlin and employs more than 16,300 people worldwide. In the fiscal year 2018, Axel Springer generated 71 percent of revenues with its digital activities which also contributed 84 percent to earnings (adj. EBITDA).
Disclaimer and forward looking statements This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Axel Springer SE. The terms and conditions of the public tender offer, as well as further provisions concerning the public tender offer are published in the offer document, the publication of which has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) to. Investors and holders of shares in Axel Springer SE are strongly advised to read the offer document and all other documents regarding the public tender offer when they become available, as they contain important information.
End of Media Release Issuer: KKR & Co. Inc. Key word(s): Internet and Multimedia
26.08.2019 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |