Beowolff Capital's Takeover and Delisting Plan for artnet AG

Beowolff Capital has announced a voluntary public takeover and delisting offer for artnet AG. This agreement, set with artnet, outlines a private ownership strategy. The offer includes a cash price of €11.25 per share, a 97% premium over artnet’s March 3rd price. Beowolff Capital has secured 65% of artnet's shares and aims to establish itself as a key player in the art market.

artnet, a leading platform in the art industry with 67 million annual users, welcomes this offer. Its Management Board and Supervisory Board support the move to private ownership as beneficial for its long-term strategy. With this proposal, Beowolff Capital intends to enhance artnet's market position and operations.

This offer, financed entirely by Beowolff Capital, does not require external funding. It permits shareholders to realize immediate value by tendering shares before the delisting, while also relieving artnet of certain public company obligations.