Kontron Announces Delisting Tender Offer for KATEK SE Shares

Kontron AG, through its subsidiary Kontron Acquisition GmbH, has initiated a delisting tender offer for the shares of KATEK SE, with the offer documentation officially published today. The German Federal Financial Supervisory Authority (BaFin) has approved the documentation for this mandatory share acquisition, setting the stage for KATEK's shares to be potentially removed from trading on the Frankfurt Stock Exchange.

The offer includes a cash consideration of EUR 15 per KATEK SE share. Alternatively, shareholders have the option to exchange every four KATEK shares for three shares of Kontron. This share exchange option is limited to a total of 2,800,000 KATEK shares. Should this option be oversubscribed, Kontron shares will be distributed among the shareholders on a pro rata basis. The acceptance period for this offer begins today and will conclude at midnight on May 13, 2024.