Ad hoc announcement
Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR
Tele Columbus has today signed an investment agreement with UNA 422. Equity Management GmbH (in the future: Kublai GmbH) and supports the takeover offer announced by Kublai GmbH at a price of EUR 3.25. At the same time, Tele Columbus has invited to an Extraordinary General Meeting in which a capital increase through a Rights Offering in the amount of EUR 475 million is to be resolved.
Berlin, 21 December 2020. Tele Columbus AG (ISIN: DE000TCAG172, WKN: TCAG17, “Tele Columbus”, “the Company” or “the Group”), one of Germany’s leading fiber network operators, has today entered into an investment agreement with UNA 422. Equity Management GmbH (“Bidder”), in which Tele Columbus has committed to support the takeover offer of the Bidder at an offer price of EUR 3.25. At the same time, Tele Columbus has invited to an Extraordinary General Meeting on January 20, 2021, in which a capital increase through a Rights Offering in the amount of EUR 475 million and an authorized capital shall be resolved. The takeover offer and capital increase serve to implement and finance Tele Columbus’ Fiber Champion strategy. The Bidder has committed to participate in the capital increase in the amount of up to EUR 475 million in the event that the takeover offer is successful, subject to the exercise of subscription rights by the remaining shareholders, and to provide further capital of EUR 75 at a later date.
The Bidder is an affiliate of funds managed and advised by Morgan Stanley Infrastructure Inc., which is an indirect subsidiary of Morgan Stanley, Wilmington, Delaware, USA. United Internet AG, which holds an indirect stake of approximately 29.90 percent in Tele Columbus will transfer its stake in Tele Columbus to the Bidder if the takeover offer is successful.
About Tele Columbus
Tele Columbus AG is one of Germany’s leading fibre network operators, which reaches more than three million homes. Through its brand PŸUR, the Company offers high-speed internet including telephony and more than 250 TV channels on a digital entertainment platform that combines linear TV with video on demand entertainment. To its housing association partners the Tele Columbus Group offers tailored models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities, the Company is actively supporting the fibre-based infrastructure and broadband internet expansion in Germany. For its business customers, the Group offers carrier services and corporate solutions on its proprietary fibre network. Besides its headquarter in Berlin, the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring. Since January 2015, Tele Columbus AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock exchange.
This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those ex-pressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.
All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness.
This release does not constitute or form part of, and should not be construed as, and offered to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire, securities of the Company, or an inducement to enter into investment activity in the United States. No part of this release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever.