artnet AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
In a voting rights announcement dated December 20, 2019, Mr. Rüdiger K. Weng, Germany, informed artnet AG that the attributed share of voting rights from shares in artnet AG exceeded the threshold of 10%, and was 10.21% on that day. According to the voting rights announcement, 10.03% of the corresponding shares are held directly by Weng Fine Art AG, which are attributed to Rüdiger K. Weng A + A GmbH and Mr. Rüdiger K. Weng.
With reference to the voting rights notification dated December 20, 2019, Mr. Rüdiger K. Weng on January 14, 2020, acting for himself and as CEO of Weng Fine Art AG and as managing director for Rüdiger K. Weng A + A GmbH, informed the CEO of artnet AG of the following in accordance with section 43 WpHG (German Securities Trading Act): 1. Depending on the share price and the position of artnet AG, the investment can serve to implement strategic goals and / or to achieve trading profits.
2. The signatories do not currently intend to obtain more voting rights through acquisitions or other means of more than 3% in the next twelve months. However, it cannot be ruled out that the signatories will acquire additional voting rights if the market price is low or the purchase opportunities are favorable outside the stock exchange.
3. The signatories do not seek to influence the composition of the Board of Directors or the Supervisory Board of artnet AG.
4. The signatories do not intend to make any significant changes to the capital structure of artnet AG, particularly with regard to the relationship between equity and debt financing and the dividend policy.
Regarding the origin of the funds used, the signatories state that the funds came from the cash flow of Weng Fine Art AG.
Berlin, January 14, 2020
artnet AG Oranienstr. 164 10969 Berlin Deutschland
14.01.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: artnet AG Oranienstraße 164 10969 Berlin
Germany Internet: www.artnet.de End of News DGAP News Service