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24.03.2025 15:56:38
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EQS-Adhoc: Vectron Systems AG: Agreement on Severance and Compensation Payment between Vectron and Shift4 Group under the domination and profit and loss transfer agreement
EQS-Ad-hoc: Vectron Systems AG / Key word(s): Miscellaneous Münster, 24 March 2025. Following the completion of the work of the jointly commissioned valuation expert, Vectron Systems AG ("Vectron") and the Shift4 Group ("Shift4") today reached an agreement on the amount of severance payment and fixed compensation payment under the domination and profit and loss transfer agreement between Vectron as a dependent company and its majority shareholder announced on September 26, 2024.
The Supervisory Board of Vectron Systems AG today agreed to offer the outside shareholders a compensation of EUR 10.93 per Vectron share in the domination and profit and loss transfer agreement. Furthermore, Vectron and Shift4 have agreed, with the approval of the Supervisory Board, that an annual fixed compensation payment of EUR 0.47 gross (or EUR 0.40 net after deduction of current corporation tax and solidarity surcharge) per share will be paid to the outside Vectron shareholders for each full financial year. In order to be effective, the domination and profit and loss transfer agreement requires the approval of Vectron's Annual General Meetings, which will be convened for April 25, 2025, and its entry in Vectron's commercial register. The convocation will be published today. The shareholders' meeting of the main shareholder has already given its approval. IR contact: Meister Consulting GmbH Tobias Meister Im Schling 3 59955 Winterberg Phone: +49 (0) 2983 908121 Mob.: +49 (0) 170 2939080 E-Mail: meister@meisterconsult.com End of Inside Information
24-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Vectron Systems AG |
Willy-Brandt-Weg 41 | |
48155 Münster | |
Germany | |
Phone: | 0251/ 28 56 - 0 |
Fax: | 0251/ 28 56 - 564 |
E-mail: | info@vectron.de |
Internet: | www.vectron.de |
ISIN: | DE000A0KEXC7 |
WKN: | A0KEXC |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart |
EQS News ID: | 2105330 |
End of Announcement | EQS News Service |
|
2105330 24-March-2025 CET/CEST
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