New Work SE Announces Delisting Agreement and Tender Offer

New Work SE has announced the conclusion of a delisting agreement with its majority shareholder, Burda Digital SE, which holds approximately 74.22% of New Work SE shares. The company will submit an application for the revocation of its share admission on the Frankfurt Stock Exchange's regulated market. Additionally, it aims to terminate its inclusion in the open market.

As part of this agreement, Burda Digital SE has decided to make an unconditional public delisting tender offer at EUR 66.25 per New Work SE share. This offer is targeted at shareholders who do not already hold shares directly with Burda Digital SE. The offer price meets the statutory minimum required by German stock exchange law.

The Executive Board and Delisting Committee of New Work SE will carefully review the offer document and issue a joint reasoned statement. The delisting agreement also includes Burda Media SE's support for New Work SE's business strategy as published in January.

Once the revocation of stock exchange admission is effective, New Work SE shares will no longer be traded on any domestic or comparable international markets.