EQS Group's General Meeting Approves Squeeze-Out and Board Changes

Munich - July 30, 2024 - The Annual General Meeting of EQS Group resolved upon a squeeze-out under stock corporation law. Following the takeover by Thoma Bravo and the delisting, the meeting decided the transfer of minority shareholders' shares to Pineapple German Bidco GmbH, Thoma Bravo's holding company. Minority shareholders will receive EUR 40.00 per share. Trading on the Frankfurt Stock Exchange ceased on May 6, 2024.

CEO Achim Weick expressed gratitude to shareholders, marking 18 years since their IPO. The company aims to grow as a private entity with Thoma Bravo.

The meeting, held virtually for the fifth year, elected a new five-member Supervisory Board. Irina Hemmers succeeds Robert Wirth as Chairwoman. Other new members include William Downing, David Tse, Eugene Austin, and Anthony Palladino, all from Thoma Bravo.