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EQS-News: CropEnergies AG / Key word(s): Tender Offer
Supervisory Board and Executive Board recommend acceptance of delisting tender offer of Südzucker AG
2024-01-26 / 14:40 CET/CEST
The issuer is solely responsible for the content of this announcement.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO
SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION
Press release
Supervisory Board and Executive Board recommend acceptance of delisting tender offer of Südzucker AG
Offer price of EUR 11.50 reflects the fair value of the share
Mannheim, 26 January 2024 - The Executive Board and Supervisory Board of CropEnergies AG ("CropEnergies") have today
issued their joint reasoned opinion on the public delisting tender offer of Südzucker AG ("Südzucker") to the
shareholders of CropEnergies and recommend the acceptance of the offer.
The Executive Board and Supervisory Board of CropEnergies consider the delisting to be in the best interest of
CropEnergies. Following a thorough and independent review of the offer document published on 17 January 2024, they
support Südzucker's public delisting tender offer. Both Boards consider that the offer price of EUR 11.50 in cash per
CropEnergies share adequately reflects the value of the share.
"We support Südzucker's public delisting tender offer and recommend that all shareholders accept the offer and tender
their shares to Südzucker in good time. The price offered is attractive and is 69.4 percent above the closing price on
18 December 2023, the last trading day prior to the publication of the decision to launch the public delisting tender
offer," says Dr Stephan Meeder, CEO & CFO of CropEnergies.
The acceptance period for the public delisting tender offer of CropEnergies has started with the publication of the
offer document on 17 January 2024, and expires on 16 February 2024, at midnight CET. Against this background,
CropEnergies will apply for the revocation of the admission of the CropEnergies shares to trading on the regulated
market of the Frankfurt Stock Exchange in due course.
It is expressly pointed out that only the joint reasoned opinion of the Executive Board and Supervisory Board of
CropEnergies is authoritative. The information in this press release does not constitute explanations or additions to
the statements in the joint reasoned opinion.
The joint reasoned opinion of the Executive Board and Supervisory Board of CropEnergies is available on the company's
Investor Relations website at https://www.cropenergies.com/de/delisting-erwerbsangebot. Printed copies are also
available free of charge at CropEnergies, Investor Relations, Maximilianstrasse 10, 68165 Mannheim, Germany,
ir@cropenergies.de.

Important notice
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of CropEnergies AG nor
an offer or recommendation to purchase shares of Südzucker AG. The definitive terms of the delisting tender offer, as
well as further provisions concerning the delisting tender offer, are set out in the offer document by Südzucker AG the
publication of which has been approved by the German Federal Financial Supervisory Authority (BaFin). Investors and
holders of shares in CropEnergies AG are strongly advised to read the offer document and all other relevant documents
regarding the delisting tender offer, when they become available, since they contain important information.
The delisting tender offer has been published exclusively under the laws of the Federal Republic of Germany, in
particular in accordance with the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Übernahmegesetz, "WpÜG") and the German Stock Exchange Act (Börsengesetz), as well as certain applicable provisions of
the U.S. Securities Exchange Act. The offer document and further documentation relating to the delisting tender offer
is available at www.powerofplants-offer.com. Any contract that is concluded on the basis of the delisting tender offer
will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with
such laws.
To the extent permissible under applicable law or regulation, and in accordance with German market practice, Südzucker
AG, its affiliates or its brokers may purchase, on the stock exchange or over the counter, or conclude agreements to
purchase, shares of CropEnergies AG, directly or indirectly, outside of the scope of the delisting tender offer, during
or after the period in which the offer remains open for acceptance. This also applies to other securities which are
directly convertible into, exchangeable for, or exercisable for shares of CropEnergies AG. These purchases may be
completed via the stock exchange at market prices or outside the stock exchange at negotiated conditions provided that
such purchases or purchase agreements are not made or concluded within the United States, are in accordance with
applicable German law, in particular the WpÜG, and the offer price is adjusted to any higher acquisition price paid
outside the delisting tender offer during such term. Information on such purchases or purchase agreements, stating the
number of CropEnergies shares acquired or to be acquired and the consideration granted or agreed, will be published in
accordance with the applicable statutory provisions, in particular section 23(2) WpÜG, in the German Federal Gazette
and, if required by foreign legal systems, in English via an electronic dissemination system. Corresponding information
is also available in the form of an English translation on the internet at www.powerofplants-offer.com.

About CropEnergies AG
Sustainable, renewable products made from biomass - that is what CropEnergies stands for. Our products contribute to a
climate-friendly world and ensure that fossil carbons remain in the ground permanently and do not continue to drive
climate change.
Founded in Mannheim in 2006, the member of the Südzucker-Group is the leading European producer of renewable ethanol.
With a production capacity of 1.3 million m3 of ethanol per year, CropEnergies produces neutral alcohol as well as
technical alcohol (ethanol) for a wide range of applications at locations in Germany, Belgium, the UK, and France:
Sustainably produced ethanol as a petrol substitute is an answer to the future challenges of climate-friendly energy
supply in the transport sector. Thanks to highly efficient production plants, our ethanol reduces CO2 emissions by an
average of more than 70 percent across the entire value chain compared to fossil fuel. Our high-quality alcohol is also
used in beverage production, cosmetics, pharmaceutical applications, for example as a basis for disinfectants, or as a
raw material for innovative biochemicals.
Equally important are the resulting protein food and animal feed products as a sustainable regional alternative to
emission-intensive protein imports from overseas, as well as biogenic carbon dioxide. It is used in beverage
production, among other things, and will be a valuable raw material for a wide range of applications in transport and
industry in the future. Thus, all raw material components are utilised in our circular economy.
CropEnergies AG (ISIN DE000A0LAUP1) is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.

Contact
Nadine Dejung-Custance
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-05
presse@cropenergies.de

Heike Baumbach
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de

2024-01-26 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      CropEnergies AG 

Maximilianstr. 10
68165 Mannheim
Germany

Phone:        +49 (0)621-71 41 90 00 
Fax:          +49 (0)621-71 41 90 04 
E-mail:       info@cropenergies.de 
Internet:     www.cropenergies.com 
ISIN:         DE000A0LAUP1 
WKN:          A0LAUP 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1824217

End of News EQS News Service
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1824217 2024-01-26 CET/CEST

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END) Dow Jones Newswires

January 26, 2024 08:40 ET (13:40 GMT)