Delivery Hero enters into share purchase and equity collar transaction for an additional c. 0.8 million shares of Just Eat Takeaway.com to restore its exposure after dilutive events
 

Berlin, Germany, June 16, 2020 - Today, Delivery Hero SE ("Delivery Hero") has entered into a share purchase and equity collar agreement to restore its exposure in Just Eat Takeaway.com N.V. ("Just Eat Takeaway.com") to approximately 10.6%. This follows recent capital increases by Just Eat Takeaway.com that had caused Delivery Hero's exposure to reduce to approximately 10.2%.

Delivery Hero will purchase Just Eat Takeaway.com shares by entering into a purchase agreement with a financial institution that will be financed by a multi-year equity collar transaction. The collar will allow Delivery Hero to protect its balance sheet position and limit the equity downside exposure to the additional shares purchased.

In April 2019 and February 2020, Delivery Hero entered into similar multi-year equity collar transactions with respect to its shareholding in Just Eat Takeaway.com. All three collar transactions provide Delivery Hero with downside protection on, and some limited upside exposure to, the value of the underlying Just Eat Takeaway.com shares.
 

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