SURTECO GROUP SE Responds to BANASINO's Mandatory Offer

On November 19, 2024, SURTECO GROUP SE released a statement regarding the mandatory offer made by BANASINO INVESTMENTS S.à r.l. The management and supervisory boards jointly issued this announcement, in compliance with the German Securities Acquisition and Takeover Act.

SURTECO's majority shareholders, controlling 56.87% of the voting rights, have declared they will not accept BANASINO's offer of EUR 16.96 per share. Similarly, members of the management and supervisory boards have stated they have no intention of selling their shares under this offer.

The leadership of SURTECO also sees no grounds to recommend the offer to its shareholders, emphasizing their position in a detailed statement accessible on their website. It's noted that only the joint statement from the boards holds authoritative value regarding this matter.