Intershop Communications AG: Management Board welcomes the sustained confidence of its anchor shareholders expressed in the takeover bid

  • Existing major shareholders Shareholder Value Beteiligungen AG and Shareholder Value Management AG intend to make joint voluntary takeover offer to the remaining shareholders
  • Bidders assure Management Board of their continued support of the strategic course of cloud transformation
  • Statement of the Management Board on the Takeover Bid only after publication of the Offer Document on the Voluntary Takeover Offer

Jena, Germany, February 18, 2019 – Shareholder Value Management AG and Shareholder Value Beteiligungen AG, long-standing anchor shareholders of the Company, published their decision on February 15 to make a joint voluntary takeover offer for their shares to the remaining shareholders of Intershop Communications AG (ISIN: DE000A0EPUH1).

The Management Board has taken note of the offer decision and welcomes the confidence expressed by the bidders in the strategic course of the cloud transformation and their commitment to continued engagement with Intershop.

In accordance with the provisions of the German Securities Acquisition and Takeover Act (WpÜG), the Management Board and Supervisory Board of Intershop Communications AG will thoroughly review the Offer Document and comment on its contents after it has been published as permitted by BaFin. The deadline for submitting the Offer Document to BaFin is 4 weeks (possibly extended by up to 8 weeks); the review by BaFin generally requires a further 10 working days. The minimum four-week acceptance period for shareholders begins with the publication of the Offer Document.

Intershop will keep its shareholders informed of further developments and publish its preliminary figures for fiscal year 2018 as planned on Wednesday, February 20, 2019.

About Intershop

Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With 30 years experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.

Intershop is built to boost your business. Learn more at www.intershop.com.

 

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

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Mercedes Zaremba
Mercedes Celine Zaremba Corporate Communications Manager Phone