DGAP-PVR: Scout24 AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Published on 01/11/2018

Scout24 AG

11.01.2018 / 11:34
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Referring to the voting right notification dated 28 December 2017 (date on which threshold was crossed or reached: 20 December.2017) Morgan Stanley, Wilmington, Delaware, USA, notified us pursuant to Sec. 43 para. 1 German Securities Trading Act (WpHG) (corresponding to Sec. 27a WpHG old version) on 10 January 2018 as follows:

1. The acquisition of voting rights resulting in Morgan Stanley exceeding the notification threshold of 10% of the voting rights in Scout24 AG did not serve the purpose of strategic goals; rather it was made in the context of client facilitation.

2. Morgan Stanley may in the next 12 months acquire further voting rights in Scout24 AG, in particular in the context of client facilitation.

3. Morgan Stanley does not intend to influence the composition of the management board, supervisory board or any other administrative body of Scout24 AG.

4. Morgan Stanley does not intend to cause a significant change in the capital structure of Scout24 AG, in particular not of the ration between equity and debt financing and the dividend policy.

5. The acquisition of voting rights resulting in Morgan Stanley exceeding the notification threshold of 10% of the voting rights in Scout24 AG resulted from and/or was made in the context of client facilitation. The acquisition was financed by a combination of external and Morgan Stanley own funds.


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