60327 Frankfurt am Main, de
Brigitte von Haacke
+49 (69) 921874-62
Amount of cash compensation determined for squeeze-out at DOUGLAS HOLDING AGFrankfurt am Main, )
Today, Beauty Holding Two AG notified DOUGLAS HOLDING AG of the specified request for a resolution to be passed at the next general meeting, under which all shares held by minority shareholders are to be transferred by way of a squeeze-out to Beauty Holding Two AG as majority shareholder. The amount of the cash compensation has been determined to equal to EUR 37.64 per no-par-value share. This corresponds to the three-month average price of DOUGLAS HOLDING AG shares before announcement of the request on 15 January 2013. The annual general meeting of DOUGLAS HOLDING AG at which the corresponding resolution shall be passed is expected to be held on 28 May 2013.
Beauty Holding Three AG published a voluntary public tender offer on 31 October 2012 that met with broad acceptance among shareholders. As the 95 percent threshold has been passed, all shareholders who so far have not accepted the tender offer can tender their shares for the price of EUR 38 per share in cash during a final tender period ending at midnight CET on 20 March 2013.
Further information on the public tender offer may be accessed on www.douglas-offer.com.
About DOUGLAS HOLDING AG
With annual sales of more than EUR 3 billion, the DOUGLAS Group ranks amongst the leading European retailers. DOUGLAS Group represents "Excellence in Retailing" - with outstanding service, top quality products, an exciting store ambiance, and caring employees. The Group's five retail divisions - Douglas perfumeries, Thalia bookstores, Christ jewelry stores, AppelrathCüpper fashion stores, and Hussel confectioneries - are among the market leaders and trendsetters in their respective sectors. The more than 24,000 employees provide a high level of service in the 1,900 specialty stores. In its state-of-the-art online shops the DOUGLAS Group also offers outstanding service in the internet.
For further information please go to www.douglas-holding.com.
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