3U HOLDING AG places one million own shares with institutional investors

Marburg, 18 December 2019 – With the approval of the Supervisory Board, the Management Board of 3U HOLDING AG has just sold one million of its own shares to interested German institutional investors. The purchase price amounted to EUR 1.67 per share. This transaction means that institutional investors have made significant investments in 3U HOLDING AG. The net proceeds of the transaction are to be used to finance the further growth of the subsidiary weclapp SE.

The treasury stock results from a share buyback program resolved by the Annual General Meeting of 3U HOLDING AG on May 30, 2012. The resolution of the Annual General Meeting authorises the Management Board to sell the shares with the approval of the Supervisory Board. The shares may also be sold by means other than via the stock exchange or by means of a public purchase offer to all shareholders, provided that the acquired treasury shares are sold at a price that is not significantly lower than the market price of the Company’s shares of the same class at the time of the sale. The relevant stock exchange price within the meaning of the above provision is the average closing price of the Company’s shares in XETRA trading on the Frankfurt Stock Exchange during the last five trading days prior to the sale of the shares. These conditions have been met. The share price of the transaction did not significantly fall short of the corresponding average closing price of the Company’s shares in XETRA trading of EUR 1.746 After completion of the transaction, 3U HOLDING AG still holds 1,183,640 treasury shares.