DGAP-News: Evotec AG / Key word(s): Squeeze Out Evotec completes squeeze-out process for DeveloGen

24.01.2012 / 07:27

Hamburg, Germany - 24 January 2012: Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX) today announced the completion of the squeeze-out process to acquire all of the remaining shares of DeveloGen AG from its minority shareholders. Evotec now is owner of 100% of the shares in DeveloGen. The former minority shareholders of DeveloGen will receive a payment of EUR12.75 per share, summing up to approximately EUR180,000.

Evotec had acquired 99.4% of the shares in DeveloGen in 2010. Following this, Evotec initiated a squeeze-out process regarding the remaining 0.6% of shares, which were held by about 250 minority shareholders. A General Meeting of the DeveloGen shareholders on 8 November 2011 voted in favour of the squeeze-out. The price per DeveloGen share of EUR12.75 was approved by an expert appointed by the Hannover district court.

With the registration of the squeeze-out in the commercial register Evotec became the sole owner of DeveloGen AG which has been renamed to Evotec (Göttingen) AG.

Contact Evotec AG: Dr Werner Lanthaler, Chief Executive Officer, Phone: +49.(0)40.56081-242, werner.lanthaler@evotec.com

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Language: English
Company: Evotec AG
Manfred Eigen Campus / Essener Bogen 7
22419 Hamburg
Germany
Phone: +49 (0)40 560 81-0
Fax: +49 (0)40 560 81-222
E-mail: info@evotec.com
Internet: www.evotec.com
ISIN: DE0005664809
WKN: 566480
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart


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