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EQS-News: ADVA Optical Networking SE
/ Key word(s): Miscellaneous
Domination and profit and loss transfer agreement between ADVA Optical Networking SE and ADTRAN Holdings, Inc., has been registered in the commercial register Under the DPLTA, ADTRAN Holdings undertook to acquire, upon request, the shares of any outstanding ADVA shareholder against compensation (Abfindung) in the amount of € 17.21 per ADVA share. The outside shareholders now have the opportunity to tender their shares in ADVA via their custodian bank in return for the corresponding cash compensation. The acceptance period for this Offer ends – subject to an extension of the period due to the initiation of any appraisal proceedings – two months after the date on which the entry of the DPLTA in the commercial register has been published in accordance with Section 10 of the German Commercial Code. Full details of the cash compensation offer and its implementation will be published shortly by ADTRAN Holdings in the German Federal Gazette (Bundesanzeiger). Outside shareholder of ADVA not wishing to accept the offer will remain shareholders of ADVA. They are entitled to receive a fixed annually recurring compensation payment from ADTRAN Holdings for the duration of the DPLTA. This recurring compensation payment amounts to € 0.59 per share and financial year of ADVA less the corporate income tax (including solidarity surcharge) to be paid by ADVA thereon. Based on the currently applicable corporate income tax rate (including solidarity surcharge), this results in a compensation payment of € 0.52 per share and full financial year of ADVA. The compensation payment shall be granted for the first time for the financial year of ADVA in which the DPLTA becomes effective by registration in the commercial register.
About ADVA ADVA is a company founded on innovation and focused on helping our customers succeed. Our technology forms the building blocks of a shared digital future and empowers networks across the globe. We’re continually developing breakthrough hardware and software that leads the networking industry and creates new business opportunities. It’s these open connectivity solutions that enable our customers to deliver the cloud and mobile services that are vital to today’s society and for imagining new tomorrows. Together, we’re building a truly connected and sustainable future. For more information on how we can help you, please visit us at .
Published by: ADVA Optical Networking SE, Munich, Germany
For press: Gareth Spence t 58
For investors: Steven Williams t 9 18
17.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | ADVA Optical Networking SE |
| Märzenquelle 1-3 | |
| 98617 Meiningen-Dreissigacker | |
| Germany | |
| Phone: | 0 |
| Fax: | 199 |
| E-mail: | |
| Internet: | |
| ISIN: | DE0005103006 |
| WKN: | 510300 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1537369 |
| End of News | EQS News Service |
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1537369 17.01.2023 CET/CEST
