EANS-Adhoc: AIRE GmbH & Co. KGaA: Substantiation of the request for the exclusion of minority shareholders and determination of cash compensation

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07.11.2012

AIG Century GmbH & Co. KGaA with seat in Frankfurt am Main, which holds approx. 93.79% of the shares in AIRE GmbH & Co. KGaA, has informed AIRE GmbH & Co. KGaA on 17 September 2012 that it requests in connection with an intended merger under the German Transformation Act (Umwandlungsgesetz) of AIRE GmbH & Co. KGaA as transferring entity into AIG Century GmbH & Co. KGaA as surviving entity that the shareholders' meeting of AIRE GmbH & Co. KGaA shall resolve upon the transfer of shares of the minority shareholders against adequate cash compensation. The merger agreement between AIG Century GmbH & Co. KGaA and AIRE GmbH & Co. KGaA shall be concluded in notarized form on 9 November 2012.

AIG Century GmbH & Co. KGaA substantiated and confirmed this request today. With letter as of today's date it addressed the request to AIRE GmbH & Co. KGaA that in connection with an intended merger under the German Transformation Act (Umwandlungsgesetz) of AIRE GmbH & Co. KGaA as transferring entity into AIG Century GmbH & Co. KGaA as surviving entity the shareholders' meeting of AIRE GmbH & Co. KGaA shall resolve upon the transfer of shares of the minority shareholders to AIG Century GmbH & Co. KGaA against cash compensation in the amount of EUR 19.75 for each no-par-value share of AIRE GmbH & Co. KGaA.

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(END) Dow Jones Newswires

   November 07, 2012 16:23 ET (21:23 GMT)- - 04 23 PM EST 11-07-12