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January 11, 2024Ad-hoc Announcements

Ad hoc announcement pursuant to Article 17 of the Regulation (EU) No. 596/2014

Disclosure of inside information pursuant to Article 17 MAR of the Regulation (EU) No 596/2014


Tion Renewables AG: Hopper BidCo GmbH sets cash settlement for the transfer of the shares of the minority shareholders of Tion Renewables AG at EUR 29.19 per share


Grünwald, January 11, 2024 – Hopper BidCo GmbH, an acquisition company which is indirectly held by EQT Active Core Infrastructure SCSp, today confirmed to Tion Renewables AG its formal request of 24 October 2023 regarding the transfer of the shares of the minority shareholders of Tion Renewables AG to Hopper BidCo GmbH against payment of an appropriate cash compensation pursuant to Section 327a para. 1 sentence 1 of the German Stock Corporation Act (AktG).

In this context, Hopper BidCo GmbH announced and specified that it has set the cash compensation to be paid to the minority shareholders as consideration for the transfer of their shares at EUR 29.19 per share of Tion Renewables AG.

The effectiveness of the transfer of the shares of the minority shareholders depends on the approval of the general meeting of Tion Renewables AG and the registration of the transfer resolution in the commercial register of Tion Renewables AG. The resolution of the general meeting on the transfer shall be passed at an extraordinary general meeting of Tion Renewables AG, which is expected to take place in February 2024.


Grünwald, January 11, 2024
Tion Renewables AG
The Management Board


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This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of Tion Renewables AG or of any of its subsidiaries.
This announcement may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Tion Renewables AG (“forward-looking statements”). Forward-looking statements can be identified by words such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should” and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the management board of Tion Renewables AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. Tion Renewables AG will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will it reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and the company does not assume any obligation to do so. The company does not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.