Mandatory offer to the shareholders of Phicomm AG
International Securities Identification Number (ISIN) DE000A1A6WB2 and DE000A254V53
On 23 April 2020, the German Federal Financial Supervisory Authority (BaFin) approved the offer document of Philocity Holdings Sdn Bhd for the mandatory offer to the shareholders of Phicomm AG.
The offer period runs from 24 April 2020 to 22 May 2020
The offer document can be found here [Mandatory Offer]
On 5 March 2020, Philocity Holdings Sdn Bhd ("Bidder"), by way of purchase of shares in Phicomm AG ("Target Company"), directly acquired control within the meaning of section 35 para. 1 in conjunction with section 29 para. 2 WpÜG over the Target Company.
Since then, the Bidder directly holds 844,341 of a total of 1,257,873 no-par value bearer shares with voting rights in the Target Company. This corresponds to 67.12% of the voting rights in the Target Company.
Maximilian Fischer, Investor relations
Phone: +49 89 1392889-0
Nic Lim, Executive Director