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Axel Springer SE: Takeover

Release date: 11 Dec 2019

Axel Springer SE: Takeover

Today, Traviata II S.à.r.l. announced that all conditions for the completion of the Axel Springer SE acquisition have been fulfilled. Accordingly, as described in Corporate Action Info 001-002 and pursuant to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich, number 2.6.10.1 (7) existing positions in the series for the Eurex option contract on shares of Axel Springer SE AG will be settled at theoretical fair value. Basis for the calculation of the fair values is the offer price of 63.00 Euro.

Settlement of the options contract will take place effective 12 December 2019 based on the settlement prices of 10 December 2019.

On 11 December 2019, all participants with open positions will receive an information containing an overview of their respective open positions. Booking of the cash amount will take place on 11 December 2019 with value date 12 December 2019. In the end-of-day batch processing of 13 December 2019, the positions will be booked out effective 16 December 2019.

 

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