Congratulations and a New Journey of Philocity!
Shares in Phicomm AG
International Securities Identification Number (ISIN) DE000A1A6WB2 and DE000A254V53
Information from the Bidder:
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.
With the aforementioned acquisition of shares by the Bidder, Mr. Nyuk Ming Wan, Petaling Jaya, Selangor, Malaysia, the majority shareholder of the Bidder, also indirectly acquired control within the meaning of section 35 para. 1 in conjunction with section 29 para. 2 WpÜG over the Target Company on 5 March 2020. Voting rights from 844,341 no-par value bearer shares in the Target Company are attributed to Mr. Wan pursuant to section 30 para. 1 sentence 1 no. 1 WpÜG. This corresponds to a voting interest of 67.12% in the target company.
The Philocity Holdings Sdn. Bhd. will, in fulfillment of its obligation and at the same time the obligation of Mr. Wan pursuant to Section 35 para. 2 WpÜG, after approval of the publication of the offer document by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), through its 100 % subsidiary Philocity Global GmbH, Frankfurt am Main make a mandatory offer to the shareholders of the target company to acquire the bearer shares held by them at the legally prescribed minimum price. Mr. Wan will not publish a separate mandatory offer...Click here read more