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02/12/2020

Delivery Hero enters into a forward share purchase and equity collar transaction to restore its exposure to Just Eat Takeaway.com following the dilution caused by the merger between Takeaway.com and Just Eat

DGAP-News: Delivery Hero enters into a forward share purchase and equity collar transaction to restore its exposure to Just Eat Takeaway.com following the dilution caused by the merger between Takeaway.com and Just Eat

DGAP-News: Delivery Hero SE / Key word(s): Miscellaneous
12.02.2020 / 23:16
The issuer is solely responsible for the content of this announcement.

Delivery Hero enters into a forward share purchase and equity collar transaction to restore its exposure to Just Eat Takeaway.com following the dilution caused by the merger between Takeaway.com and Just Eat

Berlin, Germany, February 12, 2020 - Today, Delivery Hero SE ("Delivery Hero") has decided to enter into a forward share purchase and multi-year equity collar agreement to restore its exposure in Just Eat Takeaway.com N.V. ("Just Eat Takeaway.com") to approximately 10.6% following the dilution that had been caused by the merger between Takeaway.com and Just Eat plc.
Delivery Hero will purchase 8.4 million additional Just Eat Takeaway.com shares by entering into a forward purchase agreement with a financial institution, which will be entirely financed by a multi-year equity collar transaction over approximately 8.8 million Just Eat Takeaway.com shares that also includes approximately 0.4 million shares that Delivery Hero had received in connection with the sale of its German food delivery businesses to Takeaway.com on April 1, 2019. As such, there will be no negative impact on Delivery Hero's cash balance.
On April 4, 2019, Delivery Hero entered into a similar multi-year equity collar transaction for 3.2 million of its shares in Takeaway.com.
Both 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.
 
Investor Relations Enquiries:
Julia Stoetzel
Director Investor Relations

ir@deliveryhero.com
Media Enquiries:
Vincent Pfeifer
Spokesperson & Senior Manager
Global Corporate Communications

press@deliveryhero.com
 

Disclaimer

This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.


12.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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