DATAGROUP IT SERVICES HOLDING AG (FRA:D6H) EQS-Adhoc: DATAGROUP will not pursue the spin-off of its subsidiary Almato AG
Transparency directive : regulatory news
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EQS-Ad-hoc: DATAGROUP SE / Key word(s): Strategic Company Decision DATAGROUP will not pursue the spin-off of its subsidiary Almato AG Pliezhausen, January 9, 2025. DATAGROUP SE (“DATAGROUP”, WKN A0JC8S) has completed the review of the spin-off of its 100 % stake in Almato AG (“Almato”) to a separate company as a new holding company. DATAGROUP has come to the conclusion that the planned advantages of a spin-off in the current market environment cannot be achieved with certainty through a spin-off and a subsequent listing of the shares of this company. Accordingly, this measure will not be proposed to the Annual General Meeting of DATAGROUP SE on March 18, 2025 for resolution. Due to the currently difficult conditions in the small and especially in the micro cap segment, DATAGROUP does not expect that a spin-off of Almato with a subsequent listing on the open market would be able to realize its higher valuation with sufficient certainty and would thus contribute to an increase in shareholder value. DATAGROUP will therefore push the further development of Almato and especially of the semantic data platform Bardioc under its own roof until further notice. However, DATAGROUP is keeping its options open for the future carve-out of the company at a later stage. Contact: DATAGROUP SE Investor Relations Anke Banaschewski Wilhelm-Schickard-Str. 7 D-72124 Pliezhausen Anke.banaschewski@datagroup.de End of Inside Information
09-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DATAGROUP SE |
| Wilhelm-Schickard-Str. 7 | |
| 72124 Pliezhausen | |
| Germany | |
| Phone: | +49 711 4900 500 |
| Fax: | +49 711 41079 220 |
| Internet: | www.datagroup.de |
| ISIN: | DE000A0JC8S7 |
| WKN: | A0JC8S |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange; London |
| EQS News ID: | 2064873 |
| End of Announcement | EQS News Service |
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2064873 09-Jan-2025 CET/CEST
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