ADLER submits formal request to management board of WESTGRUND for transfer of the shares of the minority shareholders of WESTGRUND

Dissemination of an announcement according to Art. 17 para. 1 Market Abuse Regulation, Regulation (EU) No 596/2014 (“MAR”).

Today, ADLER Real Estate Aktiengesellschaft (“ADLER”) submitted the formal request pursuant to Section 327a para. 1 sentence 1 of the German Stock Corporation Act (AktG) to WESTGRUND Aktiengesellschaft (“WESTGRUND”) that the next extraordinary general meeting of WESTGRUND shall resolve to transfer the shares of the remaining shareholders (minority shareholders) of WESTGRUND to ADLER for an appropriate cash compensation (so-called squeeze-out under the German Stock Corporation Act).

In this respect, ADLER announced that it has set the cash compensation to be paid to the minority shareholders in exchange for the transfer of their shares at EUR 13.24 per no-par value bearer share of WESTGRUND.

The resolution on the transfer shall be passed at the extraordinary general meeting of WESTGRUND scheduled for June 9, 2021.

Berlin, 19 April 2021
WESTGRUND Aktiengesellschaft
Der Vorstand