USU Software AG Announces Intent to Delist and Plans Negotiated Agreement

USU Software AG, bearing ISIN DE000A0BVU28, unveiled plans to withdraw its shares from public trading through a formal delisting process. The company has entered into a delisting agreement with AUSUM GmbH and its wholly-owned subsidiary, NUNUS GmbH. AUSUM GmbH is a majority shareholder, possessing about 53.68% of USU's voting rights, while NUNUS GmbH does not hold any company shares.

As per the announced strategy, USU will apply to revoke its shares’ admission to trading on various regulated markets, in conjunction with NUNUS GmbH’s public delisting purchase offer. This buyout will be executed via a cash transaction, aiming to acquire all outstanding USU shares. The offer price is reportedly set at EUR 18.50, aligned with statutory minimum guidelines.

The initiative is driven by the Management Board’s belief that the financial and strategic benefits of maintaining a stock exchange listing have been minimal and do not justify the ongoing regulatory costs. Furthermore, a detailed review and approval of the offer document by Germany's Federal Financial Supervisory Authority (BaFin) will precede its publication. The boards of USU are in agreement that the delisting would serve the company’s best interests, streamlining operations and cutting unnecessary expenditures.