Gentherm GmbH
W.E.T. Automotive Systems AG: Squeeze-out-Procedure under German Stock Corporation Law by Gentherm Europe GmbH: Determination of cash compensation and substantiation of the squeeze-out-request
W.E.T. Automotive Systems AG / Key word(s): Squeeze Out 12.06.2013 12:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Gentherm Europe GmbH (formerly: Amerigon Europe GmbH) with its seat in Augsburg, Germany, as of today notified W.E.T. Automotive Systems Aktiengesellschaft that it has determined the amount of the cash consideration for the transfer of the shares of the remaining shareholders of W.E.T. Automotive Systems Aktiengesellschaft (minority shareholders) to Gentherm Europe GmbH as main shareholder pursuant to Sec. 327a ff. German Stock Corporation Act ('AktG') as follows: The consideration in cash shall be EUR 90.05 (in words: ninety euro and five cents) per no-par value bearer share of W.E.T. Automotive Systems Aktiengesellschaft, each with a calculated nominal amount of the registered share capital of EUR 3.00. With its letter as of today Gentherm Europe GmbH has confirmed its squeeze-out request pursuant to Sec. 327a para. 1 sentence 1 AktG and, in particular, substantiated its request by notification of the determined cash consideration. Gentherm Europe GmbH holds more than 95 % of the registered share capital of W.E.T. Automotive Systems Aktiengesellschaft and is therefore its main shareholder according to Sec. 327a para. 1 sentence 1 AktG. The transfer resolution shall be voted upon at the next annual general meeting of W.E.T. Automotive Systems Aktiengesellschaft, which currently is scheduled for 28 August 2013. Odelzhausen, this 12 June 2013 The Management Board 12.06.2013 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: W.E.T. Automotive Systems AG Rudolf-Diesel-Str. 12 85235 Odelzhausen Germany Phone: +49 (0)8134 933-933 Fax: +49 (0)8134 933-401 E-mail: shareholder.office@wet-group.com Internet: www.wet-group.com ISIN: DE0005081608 WKN: 508160 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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