Corporate actions
to be announced

Covestro AG: Takeover (Updated 02 December 2024)

Update as of 02 December 2024

In a release dated 02 December 2024, the company Adnoc International announced the result of the public tender offer to the shareholders of Covestro AG after the first acceptance period. Accordingly, ~70% of the Covestro AG shares and votes are attributable to the bidder. The settlement of the offer is still subject to the entry of further offer conditions.
The shares underlying the affected options and futures contracts are changed to the tendered line
effective 03 December 2024. The tendered line will serve as the underlying of the affected
contracts until further notice.


Accordingly, the ISIN of the above-mentioned contracts will change as specified in the following table:

Product code
old/new

ISIN of the underlying instrument old

ISIN of the underlying instrument new

Product-ISIN old

Product-ISIN new

1COV

DE0006062144

DE000A40KY26

DE0006062144

DE000A40KY26

1COE

DE0006062144

DE000A40KY26

DE000A3EVBT8

DE000A3EVBT8

1COF

DE0006062144

DE000A40KY26

DE000A164GJ2

DE000A164GJ2

1COP

DE0006062144

DE000A40KY26

DE000A30AHQ3

DE000A30AHQ3

T1CO

DE0006062144

DE000A40KY26

DE000A2X1ZW4

DE000A2X1ZW4


Update as of 22 November 2024

On 25 October 2024 , the company ADNOC International Germany Holding AG announced the start of the acceptance period of the voluntary takeover offer to the shareholders of Covestro AG. According to the offer document, the offer period ends on 27 November 2024. Starting 27 November 2024, until the announcement of the offer result, no exercise of Covestro options will be allowed. Further information will follow immediately after publication of the offer result, particularly about the potential re-designation to the tendered line.


On 24 June 2024, the company Covestro AG announced that it would enter into negotiations with Abu Dhabi National Oil Company, ADNOC, regarding a potential cash takeover transaction. Subject of such negotiations would also be a possible offer price of EUR 62.00 per Covestro share.

More information about the takeover negotiations is available on the Covestro AG website.

This information describes the potential effects this transaction will have on the above-mentioned contracts.

 

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