Branicks - comment

The key dates for the control and profit agreement are the AGMs of VIB (12 February) and Branicks (13 February), but obtaining agreement from the supervisory boards on the relative valuation and annual compensation is another positive step. We expect the agreement to be approved at both AGMs and that Branicks will initiate the Amend and Extend operation for the September 2026 SUNs immediately thereafter.

The valuation on the shares is 4.18 Branicks shares for each VIB share, and the annual compensation agreement is €0.92 gross. Branicks has agreed to issue up to 50.1m shares to facilitate VIB shareholders who choose to exchange into Branicks shares.

https://branicks.com/en/branicks-group-ag-agreement-on-the-conclusion-of-a-control-and-profit-transfer-agreement-between-dic-real-estate-investments-gmbh-co-kgaa-and-vib-vermoegen-ag-and-on-the-exchange-ratio-for-the-co/