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06/16/2020

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

DGAP-News: 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

DGAP-News: Delivery Hero SE / Key word(s): Miscellaneous
16.06.2020 / 17:15
The issuer is solely responsible for the content of this announcement.

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.
 

Investor Relations Enquiries:
Daniel Fard-Yazdani

Head of Investor Relations

ir@deliveryhero.com
Media Enquiries:
Sigrid Dalberg-Krajewski

Director of 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.



16.06.2020 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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