Delisting offer successfully settled – Entities connected to XXXLutz Group secure approximately 95.96% of home24 shares

Delisting offer successfully settled – Entities connected to XXXLutz Group secure approximately 95.96% of home24 shares

• Entities connected to XXXLutz have secured a stake of approximately 95.96% in the current share capital of home24
• XXXLutz is looking forward to the cooperation with home24

Wels, 21 September 2023 – RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, three entities connected to XXXLutz Group ("XXXLutz"), have successfully settled the public delisting tender offer ("Offer") for all outstanding shares of home24 SE ("home24" or the "Company") on 20 September. After the completion of the Offer, entities connected to XXXLutz have secured a stake of approximately 95.96% of the current share capital of home24.

The Offer has expired. The Frankfurt Stock Exchange announced on 11 September 2023 that the delisting application by home24 has been accepted. In accordance with the Rules and Regulations of the Frankfurt Stock Exchange, the delisting became effective with expiry of 14 September 2023. Since then, home24 shares cannot be traded anymore on the regulated market of the Frankfurt Stock Exchange.

XXXLutz is looking forward to seizing future growth opportunities together with home24 and, as a strong partner, providing the Company with stability and impetus to pursue its future path.

About XXXLutz
XXXLutz has grown steadily in the 77 years of its existence. The XXXLutz Group operates more than 370 furniture stores in 13 European countries (Austria, Germany, Czech Republic, Hungary, Slovenia, Slovakia, Croatia, Romania, Bulgaria, Switzerland, Sweden, Serbia and Poland) and employs more than 26,300 people. With an annual turnover of EUR 5.75 billion, XXXLutz Group is one of the three largest furniture retail groups in the world.

About home24
home24 is a leading pure-play home & living e-commerce platform in Continental Europe and Brazil. With over 250,000 home & living products in Europe and more than 200,000 articles in Latin America, home24 offers a unique selection of large and small furniture pieces, garden furniture, mattresses and lighting. This curated, broad assortment offers a significant value-for-money value proposition to customers. home24 is headquartered in Berlin and employs around 3,000 people worldwide. The Company is active in seven European markets: Germany, France, Austria, the Netherlands, Switzerland, Belgium and Italy. home24 is also active in Brazil under the Mobly brand. The group also includes the lifestyle brand Butlers with around 100 stores in the DACH region and additional 25 in the rest of Europe. home24’s product range consists of numerous brands, including a large number of private labels. For more information, please visit the Company’s website at www.home24.com.

Media spokesperson on the subject of the transaction:

FTI Consulting Germany
Florian Bamberg
Tel.: +49 170 287 1258
Email: florian.bamberg@fticonsulting.com 

Spokesperson for trade media:

XXXLutz Group
Mag. Thomas Saliger
Company Spokesman of the XXXLutz Group
Römerstrasse 39, 4600 Wels
Email: sal@lutz.at 

Important Notice
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in the Company. The Offer itself as well as its terms and conditions and further provisions concerning the Offer are set out in the offer document, the publication of which has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Shareholders of the Company are strongly advised to thoroughly read the offer document and all other relevant documents regarding the Offer.

The Offer is exclusively subject to the laws of the Federal Republic of Germany and certain applicable provisions of securities laws of the United States of America. Any agreement that is entered into as a result of accepting the Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.