DGAP-Adhoc: W.E.T. Automotive Systems AG: Squeeze-out-Procedure under German Stock Corporation Law by Gentherm Europe GmbH: Determination of cash compensation and substantiation of the squeeze-out-request

| Source: EQS Group AG EQS Group AG 

W.E.T. Automotive Systems AG  / Key word(s): Squeeze Out

12.06.2013 12:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Gentherm Europe GmbH (formerly: Amerigon Europe GmbH) with its seat in
Augsburg, Germany, as of today notified W.E.T. Automotive Systems
Aktiengesellschaft that it has determined the amount of the cash
consideration for the transfer of the shares of the remaining shareholders
of W.E.T. Automotive Systems Aktiengesellschaft (minority shareholders) to
Gentherm Europe GmbH as main shareholder pursuant to Sec. 327a ff. German
Stock Corporation Act ('AktG') as follows:

The consideration in cash shall be EUR 90.05 (in words: ninety euro and
five cents) per no-par value bearer share of W.E.T. Automotive Systems
Aktiengesellschaft, each with a calculated nominal amount of the registered
share capital of EUR 3.00.

With its letter as of today Gentherm Europe GmbH has confirmed its
squeeze-out request pursuant to Sec. 327a para. 1 sentence 1 AktG and, in
particular, substantiated its request by notification of the determined
cash consideration.

Gentherm Europe GmbH holds more than 95 % of the registered share capital
of W.E.T. Automotive Systems Aktiengesellschaft and is therefore its main
shareholder according to Sec. 327a para. 1 sentence 1 AktG.

The transfer resolution shall be voted upon at the next annual general
meeting of W.E.T. Automotive Systems Aktiengesellschaft, which currently is
scheduled for 28 August 2013.

Odelzhausen, this 12 June 2013

The Management Board


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Language:     English
Company:      W.E.T. Automotive Systems AG
              Rudolf-Diesel-Str. 12
              85235 Odelzhausen
              Germany
Phone:        +49 (0)8134  933-933
Fax:          +49 (0)8134  933-401
E-mail:       shareholder.office@wet-group.com
Internet:     www.wet-group.com
ISIN:         DE0005081608
WKN:          508160
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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