Degussa Share

Degussa AG: Delisted from the stock market on September 15, 2006

The Annual Shareholders’ Meeting of Degussa AG on May 29, 2006 resolved, inter alia, that the shares held by minority shareholders should be transferred to the majority shareholder, RAG Projektgesellschaft mbH, Essen, whose direct and indirect shareholding exceeded more than 95% percent of Degussa shares on that date, in return for an appropriate compensation payment, as provided for in § 327a of the German Stock Corporation Act (AktG).

This resolution was entered in the Commercial Register on September 14, 2006.  

Accordingly, trading in the 205,623,590 shares in Degussa AG (ISIN DE0005421903; WKN 542190) ceased at the end of trading on September 15, 2006 on the stock exchanges in Frankfurt (Official Market) and Berlin-Bremen, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart (Open Market).

Degussa AG: Squeeze-out of minority shareholders of Degussa AG by RAG Projektgesellschaft mbH

An announcement published by RAG Projektgesellschaft mbH in the Börsenzeitung newspaper in Germany on September 19, 2006 contains the following details on the procedure for the compensation payment and transfer of the shares:

Dresdner Bank AG, Frankfurt am Main, has been appointed as the central agent to handle transfer of the compensation payment, supplementary payment and additional premium. Shareholders whose Degussa shares are held at a bank do not need to take any action to receive the compensation payment, including the supplementary payment and additional premium. Payment of these amounts to shareholders in return for withdrawal of their shares was initiated as soon as the squeeze-out resolution was entered in the Commercial Register.

Ownership Structure

When the squeeze-out resolution was entered in the Commercial Register on September 14, 2006, all shares in Degussa AG held by minority shareholders legally became the property of RAG Projektgesellschaft mbH. Since then all shares in Degussa have been held by direct and indirect subsidiaries of Evonik Industries AG.  

Effective January 2, 2007, Degussa’s legal status was altered from a joint stock company (Degussa AG) to a limited liability company (Degussa GmbH) in compliance with the provisions of the German Companies Reorganization Act (UmwG). The change of status was entered in the Commercial Register at Düsseldorf District Court on this date and Degussa has officially operated as “Degussa GmbH" since then.  

The change of status had no impact on the issued capital. The company's present equity (€205,623,590.00) is identical to its capital stock before the change of legal status. The entire equity of Degussa GmbH is held by direct and indirect subsidiaries of Evonik Industries AG.