Rocket Internet Granted Exemption on Mandatory Offer Obligation

Westwing Group SE, headquartered in Munich, announced that Rocket Internet SE has received a precautionary exemption from the German Federal Financial Supervisory Authority. This exemption, granted under Section 37 of the German Securities Acquisition and Takeover Act, pertains to the obligation of Rocket Internet SE to make a mandatory offer if they exceed the 30% control threshold. This situation might arise due to a possible cancellation of treasury shares by Westwing Group SE.

This exemption relieves Rocket Internet from immediate obligations, offering flexibility in shareholding adjustments. Specific conditions of the exemption are outlined in the official German document. Westwing Group continues to maintain transparency on corporate decisions.