White Elephant S.à r.l.

Nachricht vom 18.09.2017 | 18:53

Takeover Offer; <LU0472835155>



Target company: ; Bidder:

Dissemination of an announcement according to the German Securities
Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a service of
EQS Group AG.
The bidder is solely responsible for the content of this announcement.



Publication of the Decision to Make a Takeover Offer pursuant to Section 10
para. 1 in conjunction with Sections 29 para. 1 and 34 of the German
Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Übernahmegesetz (WpÜG))



Bidder:

White Elephant S.à r.l.
c/o navAXX S.A.
17, rue de Flaxweiler
L-6776 Grevenmacher
Grand Duchy of Luxembourg


Target:

exceet Group SE
115 avenue Gaston Diderich
L-1420 Luxembourg
Grand Duchy of Luxembourg

http://www.exceet.com

registered with the Trade and Companies Register of Luxembourg under B
148525

ISIN: LU0472835155 (WKN: A0YF5P)

Listed (shares): Regulated Market (Regulierter Markt) of the Frankfurt
Stock Exchange (Prime Standard), as well as the regulated unofficial market
(Freiverkehr) of the stock exchanges of Berlin, Munich and Stuttgart

The offer document and further information regarding the offer will be
published on the Internet at:

http://www.elephant-offer.com

Information by the Bidder:

White Elephant S.à r.l. ('Bidder') decided today to offer to the
shareholders of exceet Group SE by way of a voluntary public takeover offer
to acquire their bearer Class A shares in exceet Group SE, each
representing a pro rata amount of the registered share capital of approx.
EUR 0.015 ('exceet Shares'). The Bidder is a company that is indirectly
controlled by the fund Active Ownership Fund SICAV-FIS SCS.

Subject to the remaining provisions of the offer document, the Bidder
intends to offer the shareholders of exceet Group SE a cash consideration
per exceet Share in the amount of the volume weighted average domestic
stock exchange price of the exceet Shares during the past three months
prior to this announcement as determined by the German Federal Financial
Supervisory Authority, but in any case not less than EUR 2.85 per exceet
Share ('Takeover Offer').

The Takeover Offer will likely be made subject to a minimum acceptance
threshold of 51.00% only. Today, the Bidder already acquired exceet Shares
representing approx. 28.26% of the share capital of exceet Group SE.
Furthermore, a major shareholder undertook vis-à-vis the Bidder to accept
within the acceptance period the Takeover Offer with regard to its exceet
Shares representing an additional approx. 27.81% of the share capital of
exceet Group SE.

The Bidder reserves the right, as far as legally permissible, to deviate in
the final terms and conditions of the Takeover Offer from the basic
information described herein.


Important Information:

This announcement is neither an offer to purchase nor a solicitation of an
offer to sell shares of
exceet Group SE. The offer to purchase shares in exceet Group SE will only
be made by the publication of the offer document and solely on the basis of
the provisions contained therein. Investors and shareholders of exceet
Group SE are strongly advised to read the offer document and all other
relevant documents regarding the Takeover Offer as soon as they are
published, since they will contain important information. The Takeover
Offer will be made exclusively under the laws of the Federal Republic of
Germany, the laws of Luxembourg (to the extent applicable) and applicable
provisions of the securities laws of the United States of America.


Grevenmacher (Luxembourg), September 18, 2017


White Elephant S.à r.l.

End of WpÜG announcement

The 18.09.2017 DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de



Listed: Regulierter Markt an der Frankfurter Wertpapierbörse (Prime
Standard) sowie Freiverkehr an den Börsen in Berlin, München und Stuttgart

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