DGAP-Adhoc: Public Offer for SeLoger.com is successful. Before the re-opening of the offer Axel Springer currently holds 74.2% of the shares of SeLoger.com




  • zoom+
  • zoom-

01.03.11

DGAP-Adhoc: Public Offer for SeLoger.com is successful. Before the re-opening of the offer Axel Springer currently holds 74.2% of the shares of SeLoger.com

To press release overview


Axel Springer AG / Key word(s): Acquisition/Offer

01.03.2011 11:19

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Ad-hoc Announcement pursuant to section 15 WpHG

Public Offer for SeLoger.com is successful. Before the re-opening of the
offer Axel Springer currently holds 74.2% of the shares of SeLoger.com.

During the revised public cash tender offer on SeLoger.com closed on
February 23, 2011, the offer was accepted by the shareholders of
SeLoger.com in an amount of 61.8% of the shares of the company.
Accordingly, the designated minimum acceptance threshold of 50.01%
(including Axel Springer's current 12.4% stake of the shares of
SeLoger.com) was reached. Settlement of the offer is expected for March
11, 2011. Afterwards, Axel Springer will hold 74.2% of the shares of
SeLoger.com. In addition, the offer will re-open for at least 10 trading
days. The French Securities Regulator (Autorité des marchés financiers or
AMF) will set the timetable for the re-opening of the offer.

Axel Springer and SeLoger.com had agreed on a friendly revised offer on
January 18, 2011, at a price of EUR 38.05 per share which was approved by
the AMF on February 1, 2011. Axel Springer had already purchased 12.4% of
the share capital of SeLoger.com on September 9, 2010, from the two
founders and other members of SeLoger.com's management and supervisory
board at a purchase price of EUR 34.00 per share in cash followed by a
public offer at the same price to the shareholders of SeLoger.com. The
revised offer price applies to the former sellers.

With the acquisition of the majority of SeLoger.com the leading property
portal in France, Axel Springer moves forward its digitalization strategy.

Berlin, March 1, 2011

Axel Springer Aktiengesellschaft
Axel-Springer-Straße 65
D-10888 Berlin




Investor Relations contact:
Claudia Thomé
+49 (0)30 2591-77421
claudia.thome@axelspringer.de







01.03.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin
Deutschland
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

---------------------------------------------------------------------------

Investor contact: Claudia Thomé
Tel: +49 30 2591 77421