Publication of inside information pursuant to Article 17 of the Regulation (EU)
Frankfurt/Main, 28.05.2020, 10:52am – The major shareholder and CEO of publity AG (Scale, ISIN DE0006972508, “publity”), Thomas Olek, has informed the company that he is in advanced negotiations with international institutional investors regarding the sale of equity stakes of publity. These investors plan to make a long-term commitment to the publity group and would accordingly be willing to subject their shares to a lock-up agreement for 12 to 24 months. The sale could be carried out by means of a direct sale of shares by TO Holding GmbH or TO Holding 2 GmbH, whose sole shareholder is Thomas Olek, or by the sale of one of these two investment companies. Thomas Olek’s indirect stake in publity AG would be reduced to just under 50% of the share capital if the negotiations were successfully concluded. The sales price per share is to be based on the market price of publity shares in the most recent past.
Thomas Olek has also informed the company that he intends to remain associated with publity AG in the long term as a member of the Executive Board and major shareholder. All of his publity shares still held by him after implementation of the planned transactions would therefore be subject to a lock-up agreement with a term of 24 months. Furthermore, he intends to continue to buy shares of publity via the market in the future, depending on the share price.
Financial Press and Investor Relations:
Axel Mühlhaus/ Peggy Kropmanns
Phone: +49 69 905505-52
Ad hoc_publity AG_Major shareholder and CEO intends to sell equity stakes