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04/01/2019 | 16:34 CET/CEST

DGAP-News: TOM TAILOR Holding SE / Key word(s): Offer/Offer

01.04.2019 / 16:34
The issuer is solely responsible for the content of this announcement.

Hamburg, 1 April 2019: As announced on 19 February 2019 within the context of the capital increase of TOM TAILOR Holding SE, Fosun International Limited, a limited company according to the law of the People's Republic of China's special administrative region of Hong Kong, published the offer document for the voluntary public takeover bid for the shares of TOM TAILOR Holding SE today. Fosun International is offering the shareholders 2.31 euros per TOM TAILOR share. The offer also includes statements on Fosun International's plans in terms of business activities, locations and the employees of TOM TAILOR Holding SE, according to which Fosun does not intend to make any changes in these areas. The assurances by Fosun International are to be laid down within the framework of an investor agreement.

The Management Board and the Supervisory Board will carefully assess the offer document in line with their legal obligations and evaluate it with regard to the interests of the company and other shareholders and will then issue a reasoned statement on the offer pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG). In February, the Management Board of TOM TAILOR Holding SE welcomed the announcement of a voluntary takeover offer by Fosun International in principle, but did not issue an evaluation of the potential conditions attached to the offer.

Today's publication of the offer document marks the beginning of the acceptance period which is due to end on 6 June 2019. The offer is not subject to any conditions; in particular it is not subject to a minimum acceptance level. In addition, Fosun International has explained that the offer does not aim to hold, directly and indirectly, TOM TAILOR shares to the amount of over 50 percent of the issued share capital and the voting rights to TOM TAILOR. Specifically, Fosun stated that no control and profit transfer agreement or squeeze-out is planned. Fosun stated that it wants to constructively support the work of the Management Board and Supervisory Board of TOM TAILOR as a strong anchor shareholder. Should the acceptance period not be extended once again, another two-week acceptance period, which should start on 13 June 2019 and last until 26 June 2019 according to the offer document, will be added automatically after the end of the acceptance period.

TOM TAILOR Group is an international, vertically integrated fashion company focused on casual wear in the medium price segment. The product portfolio is complemented by an extensive range of fashionable accessories. With its brands, the company covers the various core segments of the fashion market.
The TOM TAILOR brand is marketed through the retail and wholesale segments, and thus through single-label stores as well as wholesale partners. These include 457 TOM TAILOR stores and 187 franchise stores, 2,524 shop-in-shops and 6,892 multi-label points of sale. The brand is present in more than 35 countries.
The BONITA brand, which was sold to Victory & Dreams International Holding B.V. on March 20, 2019, has 754 retail stores and 85 shop-in-shop spaces. The closing of the transaction is subject to the usual approvals from the anti-trust authorities.
The collections of both brands are also available through their respective online shops.

Information is also available at www.tom-tailor-group.com

Media contact
Harriet Weiler
Head of Corporate Communications
Phone: +49 (0) 40 58956-168
E-mail: harriet.weiler@tom-tailor.com

Investor contact
Viona Brandt
Head of Investor Relations
Phone: +49 (0) 40 58956-449
E-mail: viona.brandt@tom-tailor.com


01.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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