Lenovo Germany Holding GmbH Requests Squeeze-Out of MEDION AG Minority Shareholders

Lenovo Germany Holding GmbH, an indirect subsidiary of Lenovo Group Limited, has submitted a formal notice to MEDION AG's Management Board, requesting the transfer of all shares held by MEDION AG's minority shareholders. This squeeze-out action, as outlined by German stock corporation law, includes offering appropriate cash compensation for the shares.

According to the notice, Lenovo Germany Holding GmbH, which holds approximately 98.06% of MEDION AG's share capital, fulfills the criteria set by Sec. 327a (1) of the German Stock Corporation Act. The specifics of the cash compensation will be detailed in a subsequent notice once the amount is determined.

The effective date of this squeeze-out depends on the approval from MEDION AG's general shareholders' meeting and the registration of the transfer in the commercial register. MEDION AG will announce the meeting date separately.