Today, Umicore International AG, a wholly-owned indirect subsidiary of Umicore [NV/SA], submitted to the Management Board of Allgemeine Gold- und Silberscheideanstalt AG (Agosi) a request to convene the general meeting of Agosi to resolve on the transfer of the shares held by the minority shareholders of Agosi to Umicore International AG. Based on its shareholding in Agosi of 91.21%, Umicore International AG is entitled to pursue such transfer against an appropriate cash compensation in the context of a corporate merger (so-called merger squeeze-out). Umicore International AG has determined a compensation of EUR 127.91 per Agosi share. The appropriateness of such compensation is currently being reviewed by a court-appointed auditor.

The general meeting of Agosi, which is to adopt a resolution on the merger squeeze-out, is expected to take place on 28 July 2021.

The effectiveness of the merger squeeze-out is still subject to the resolution by Agosi's general meeting and registration in the commercial registers of Umicore International AG and Agosi.

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Umicore NV published this content on 09 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 16:10:01 UTC.