November 1, 2018
new88 Public Limited Company: Execution of merger agreement regarding new88 Aktiengesellschaft and squeeze-out of minority shareholders against adequate cash compensation in the amount of EUR 188.24 per new88 AG shareGuildford, UK (1 November 2018) - Today, new88 Intermediate Holding AG, an indirect 100% subsidiary of new88 Public Limited Company, (“new88 Intermediate”) submitted a request to the Executive Board of new88 Aktiengesellschaft (“new88 AG”) pursuant to section 62(1) and (5) of the German Transformation Act (Umwandlungsgesetz - UmwG) in conjunction with sections 327a et seqq. of the German Stock Corporation Act (Aktiengesetz - AktG). The request is to convene an extraordinary shareholders’ meeting of new88 AG to resolve on the transfer of the shares held by the minority shareholders of new88 AG to new88 Intermediate against adequate cash compensation.
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