{"id":7050,"date":"2020-08-18T09:05:19","date_gmt":"2020-08-18T09:05:19","guid":{"rendered":"https:\/\/www.allgeier.com\/en\/?page_id=7050"},"modified":"2025-05-15T06:56:35","modified_gmt":"2025-05-15T06:56:35","slug":"spin-off","status":"publish","type":"page","link":"https:\/\/www.allgeier.com\/en\/investor-relations\/spin-off\/","title":{"rendered":"Spin-off Nagarro SE"},"content":{"rendered":"<p>&#8220;The Nagarro group has outgrown Allgeier in recent years through its sustained organic growth and various acquisitions as an independent global tech services player. For Nagarro, it is important to be able to gain more attention and visibility with an independent listing and branding in the market, which we believe will also enable more attractive capital market valuations. With its own equity story, Nagarro will be positioned directly in the peer group of global software development and digital transformation companies.&#8221;<\/p>\n<p>(Carl Georg D\u00fcrschmidt, CEO Allgeier SE)<br \/>\n<br class=\"\u201cclear\u201d\" \/><\/p>\n<h3>Milestones Listing<\/h3>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/09\/Listing-Milestones-20-09.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2970\" src=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/09\/Listing-Milestones-20-09.png\" alt=\"Listing Milestones\" width=\"538\" height=\"303\" \/><\/a><br \/>\n(Click on graphic to enlarge.)<br \/>\n<br class=\"\u201cclear\u201d\" \/><div class=\"su-accordion su-u-trim\">\n<h3>Important information and documents<\/h3>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Joint Spin-off Report of Allgeier SE and Nagarro SE<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">Here you will find the <a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Spaltungsbericht-inklusive-Anlagen.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Joint Spin-off Report of the Management Boards of Allgeier SE and Nagarro SE<\/a>.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Spin-off presentation<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">Important information on the spin-off can be found in the <a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Humboldt-Spin-off-Investor-Presentation-21-August-2020-FINAL.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">spin-off presentation<\/a>.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Annual General Meeting of Allgeier SE \/ September 24, 2020<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p>Information on and all documents for the Annual General Meeting of Allgeier SE on September 24, 2020 can be found under the following link:<\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/shareholders-meeting\/\" target=\"_blank\" rel=\"noopener noreferrer\">Allgeier SE Annual General Meeting<\/a>\u00a0<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Allgeier SE Capital Markets Day for the Nagarro SE Spin-off \/ September 28, 2020<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">On September 28, 2020, the Allgeier SE Capital Markets Day (CMD) for the Nagarro SE Spin-off will be held.<\/p>\n<p>The Capital Markets Day will cover both entities and outline each entity\u2019s individual strategies and prospects.<\/p>\n<p>Considering the current environment and travel restrictions, we have decided to host the Capital Markets Day as a <strong>virtual video conference<\/strong>.<\/p>\n<p><strong>Date: Monday, September 28, 2020<\/strong><\/p>\n<p><strong>Tentative time frame: 9.00am \u2013 2.30pm (CEST) | 8.00am \u2013 1.30pm (BST)<\/strong><br \/>\n<strong><br \/>\nContent:<\/strong><\/p>\n<p>Introduction by Members of the Allgeier SE Management Board<\/p>\n<p>Nagarro\u2019s Management Board\u00a0will present a deep dive into the business model, market developments, overall strategy and value creation drivers<\/p>\n<p>Allgeier\u2019s Management Board\u00a0will provide insights on strategy and business prospects for Allgeier going forward<\/p>\n<p><strong>Registration, Participation and Replay of the event:<\/strong><\/p>\n<p><strong>To participate at the virtual Capital Markets Day or watch the replay of the event, please use the following link to register to the event: <\/strong><a href=\"https:\/\/webcast.meetyoo.de\/reg\/jzdl9NAHlZjQ\"><strong>Register here.<\/strong><\/a> After your registration, you can also access the <a href=\"https:\/\/webcast.meetyoo.de\/reg\/jzdl9NAHlZjQ\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Replay of the Capital Markets Day<\/strong><\/a>.<\/p>\n<p>The registration requires a user self-defined password.<br \/>\nAfterwards, you will receive an email with the final steps in completing the registration.<br \/>\nThe registration must be fully completed before you can participate in the webcast.<\/p>\n<p><strong>Documents on the Capital Markets Day:<\/strong><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/09\/20200928_Allgeier-SE_Capital-Markets-Day_AgendaCover.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Agenda<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/10\/20200928_Allgeier-SE_Capital-Markets-Day_Nagarro.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro Capital Markets Day Presentation<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/09\/20200928_Allgeier-SE_Capital-Markets-Day_Allgeier.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Allgeier Capital Markets Day Presentation<\/a><\/p>\n<p><strong>Webcast of the Capital Markets Day (Re-live of the event):<\/strong><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/3\/2020\/10\/Allgeier-CMD-webcast-1.mp4\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro (Part 1)<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/3\/2020\/10\/Allgeier-CMD-webcast-2.mp4\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro (Part 2)<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/3\/2020\/10\/Allgeier-CMD-webcast-3.mp4\" target=\"_blank\" rel=\"noopener noreferrer\">Allgeier<\/a><br \/>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Nagarro Investor Presentations<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<div><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/10\/Nagarro_2020-10-05-Equity-Story.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro Roadshow presentation October 05, 2020<\/a><\/div>\n<div style=\"margin-top: 10px;\"><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2020\/11\/Nagarro-DB-EKF-2020_uploaded.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro Investor presentation German Equity Forum 2020<\/a><\/div>\n<div style=\"margin-top: 10px;\"><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/12\/Nagarro-SE_Final-Roadshow_20201207.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro Roadshow presentation December 08, 2020<\/a><\/div>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Nagarro Interim Financial Report for the nine months period ended September 2020 (unaudited) \/ Combined Financial Statements for Nagarro for the fiscal years 2019, 2018 and 2017<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<div><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2020\/11\/Nagarro-Interim-Financial-Report-for-the-nine-months-period-ended-September-2020_EN.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro Interim Financial Report for the nine months period ended September 2020 (unaudited)<\/a><\/div>\n<div style=\"margin-top: 15px;\"><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2020\/11\/Nagarro-SE-Munich-CFS-2017-2019-Auditors-Report_EN.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nagarro SE: Auditor\u2019s Report on the audit of the combined financial statements for the financial years 2019, 2018, 2017 (incl. Combined Financial Statements for Nagarro for the fiscal years 2019, 2018 and 2017)<\/a><\/div>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Nagarro SE Prospectus<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\"><a href=\"https:\/\/www.nagarro.com\/en\/investor-relations\" target=\"_blank\" rel=\"noopener noreferrer\">Here you can find the Nagarro SE Prospectus<\/a><\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Selected ad hoc announcements\/press releases<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">September 25, 2020:<br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/pressroom\/press-releases\/hauptversammlung-stimmt-der-abspaltung-der-nagarro-gruppe-zu-nagarro-vorstand-manas-fuloria-scheidet-planmasig-aus-dem-allgeier-vorstand-aus\/\" target=\"_blank\" rel=\"noopener noreferrer\">Annual General Meeting approves spin-off of Nagarro Group, Nagarro board member Manas Fuloria resigns from Allgeier\u2018s board as planned<\/a><\/p>\n<p>August 21, 2020:<br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/pressroom\/press-releases\/allgeier-se-schlagt-der-hauptversammlung-die-abspaltung-des-in-der-nagarro-gruppe-gebundelten-globalen-technologieberatungs-und-softwareentwicklungsgeschafts-vor\/\" target=\"_blank\" rel=\"noopener noreferrer\">Allgeier SE proposes to the Annual General Meeting to spin off the global technology consulting and software development business bundled in the Nagarro group<\/a><\/p>\n<p>August 14, 2020:<br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/adhoc-announcements\/beschluss-zur-abspaltung-der-nagarro-gruppe-und-zu-dividende\/\" target=\"_blank\" rel=\"noopener noreferrer\">Resolution on the spin-off of the Nagarro Group and dividend<\/a><\/p>\n<p>June 03, 2020:<br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/adhoc-announcements\/allgeier-se-verschiebt-hauptversammlung\/\" target=\"_blank\" rel=\"noopener noreferrer\">Allgeier SE postpones Annual General Meeting<\/a><\/p>\n<p>November 05, 2019:<br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/adhoc-announcements\/allgeier-strebt-abspaltung-und-eigenstandige-borsennotierung-des-globalen-technologie-und-softwareentwicklungsgeschafts-an\/\" target=\"_blank\" rel=\"noopener noreferrer\">Allgeier strives for spin-off and independent listing of its global technology and software development business<\/a><\/p>\n<p>September 12, 2019:<br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/adhoc-announcements\/es-12092019\/\" target=\"_blank\" rel=\"noopener noreferrer\">Strategic orientation of the Allgeier Group<\/a><\/p>\n<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Which investment banks accompany the Spin-off<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">COMMERZBANK and Jefferies take on the role of &#8220;Financial Advisors and Listing Agents&#8221;. We are convinced that we have thus found strong and efficient partners who can support and address a broad spectrum of investors &#8211; both in terms of their regional distribution as well as the types of investors. <\/div><\/div>\n<\/div>\n<h3>FAQ<\/h3>\n<p><strong>Technical information of Allgeier SE for their shareholders on the implementation of the planned Spin-off of Nagarro SE<\/strong><\/p>\n<p>A proposal will be made to the Annual General Meeting of Allgeier SE on September 24, 2020 under agenda item 8 (Resolution on the Spin-off) to resolve on the Spin-off of Nagarro SE.<\/p>\n<p>The following documents are published on the website of Allgeier SE <a href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/shareholders-meeting\/\" target=\"_blank\" rel=\"noopener noreferrer\">Annual General Meeting<\/a>:<\/p>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Documents Allgeier SE Annual General Meeting (in German)<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE-oHV-2020-Einberufung-inkl.-Abspaltung.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Einladung zur Hauptversammlung 2020<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Satzung-Allgeier-SE.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Aktuelle Satzung der Allgeier SE<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Datenschutzhinweise.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Datenschutzhinweise<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Erl\u00e4uterung-Aktion\u00e4rsrechte.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Erl\u00e4uterung zu Aktion\u00e4rsrechten<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Gewinnverwendungsvorschlag-2019-DE.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Ge\u00e4nderter Vorschlag des Vorstands zur Verwendung des Bilanzgewinns<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Abspaltungs-und-\u00dcbernahmevertrag-inkl-Bezugsurkunde.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Notariell beurkundeter Abspaltungs- und \u00dcbernahmevertrag zwischen der Allgeier SE und der Nagarro SE vom 14. August 2020<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Spaltungsbericht-inklusive-Anlagen.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Gemeinsamer Spaltungsbericht der Vorst\u00e4nde der Allgeier SE und der Nagarro SE vom 14. August 2020 inkl. Anlage<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-HV-2020-Pr\u00fcfbericht-der-Abspaltung.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Pr\u00fcfungsbericht der Warth &amp; Klein Grant Thornton AG Wirtschaftspr\u00fcfungsgesellschaft vom 17. August 2020<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE_Geschaeftsbericht_2019_DE_LOW_DS.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Gesch\u00e4ftsbericht 2019 der Allgeier SE mit Bericht des Aufsichtsrats und erl\u00e4uterndem Bericht zu den Angaben nach \u00a7\u00a7 289a Abs. 1, 315a Abs. 1 HGB<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE_Geschaeftsbericht-2018_DE_LOW_DS-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Gesch\u00e4ftsbericht 2018 der Allgeier SE mit Bericht des Aufsichtsrats und erl\u00e4uterndem Bericht zu den Angaben nach \u00a7\u00a7 289a Abs. 1, 315a Abs. 1 HGB<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE_Gesch\u00e4ftsbericht-2017_DE_LOW_DS.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Gesch\u00e4ftsbericht 2017 der Allgeier SE mit Bericht des Aufsichtsrats und erl\u00e4uterndem Bericht zu den Angaben nach \u00a7\u00a7 289a Abs. 1, 315a Abs. 1 HGB<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE_Halbjahresfinanzbericht-2020_DE_LOW_DS.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Halbjahresfinanzbericht der Allgeier SE zum 30. Juni 2020<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE-Jahresabschluss-2019.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Einzelabschluss und Lagebericht der Allgeier SE f\u00fcr das Gesch\u00e4ftsjahr 2019<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE-Jahresabschluss-2018.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Einzelabschluss und Lagebericht der Allgeier SE f\u00fcr das Gesch\u00e4ftsjahr 2018<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-SE-Jahresabschluss-2017.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Einzelabschluss und Lagebericht der Allgeier SE f\u00fcr das Gesch\u00e4ftsjahr 2017<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Er\u00f6ffnungsbilanz-Nagarro-SE-Ehemals-Blitz.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Er\u00f6ffnungsbilanz der Nagarro SE (vormals Blitz 20-361 SE) vom 29. Januar 2020<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Zwischensbilanz-Juni-2020-Nagarro-SE-Ehemals-Blitz.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Zwischenbilanz der Nagarro SE gem\u00e4\u00df \u00a7 63 Abs. 1 Nr. 3 UmwG zum 30. Juni 2020<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-Auszug-Erm\u00e4chtigungsbeschl\u00fcsse-2010.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Erm\u00e4chtigungsbeschluss der Hauptversammlung der Allgeier SE vom 17. Juni 2010 zur Gew\u00e4hrung von Aktienoptionen<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/08\/Allgeier-Auszug-Erm\u00e4chtigungsbeschl\u00fcsse-2014.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Erm\u00e4chtigungsbeschluss der Hauptversammlung der Allgeier SE vom 17. Juni 2014 zur Gew\u00e4hrung von Aktienoptionen<\/a><\/p>\n<p><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2020\/09\/Allgeier-Abstimmungsergebnisse-\u00dcbersicht-oHV20.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Abstimmungsergebnisse<\/a><\/p>\n<\/div><\/div>\n<p>The following information does not replace these documents. Rather, it answers possible additional questions from our shareholders in connection with the technical implementation of the Spin-off.<br \/>\n<br class=\"\u201cclear\u201d\" \/><\/p>\n<h4>I. How will the Spin-off be implemented? What must I do?<\/h4>\n<div class=\"su-accordion su-u-trim\"><div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>What does Spin-off mean?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">On November 5, 2019, the Executive Board of Allgeier SE, with the approval of the Supervisory Board, decided to legally separate the technology and software development business of Allgeier Group and, for this purpose, to execute a Spin-off to an independent listed company, Nagarro SE, in accordance with the German Transformation Act. Upon effectiveness of the Spin-off, the shareholders of Allgeier SE will hold 100% of the share capital of Nagarro SE. Allgeier SE does not intend to remain a shareholder in the future listed Nagarro SE.<br \/>\nThe term Spin-off is the English translation of the German legal term <em>\u201cAbspaltung\u201d<\/em> for separations under the German Transformation Act.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>What do I need to do to receive the new Nagarro shares?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">After the General Meeting of Allgeier SE approved the Spin-off and Transfer Agreement, you do not need to do anything. Once the Spin-off has been entered in the commercial register, your custodian bank will transfer the Nagarro shares into the custody account in which your Allgeier shares are held.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Do I have a way to object to the allotment of Nagarro shares?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">After the General Meeting of Allgeier SE approved the Spin-off and Transfer Agreement, you cannot object to the allotment, as this is a legal consequence of the Spin-off becoming effective. The allotment is made automatically after the Spin-off becomes effective. You are free to sell the Nagarro shares.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>How many Nagarro shares will I receive?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">Upon the Spin-off becoming effective, Allgeier shareholders will receive for each no-par value share (registered share) of Allgeier SE one no-par value share (registered share) of Nagarro SE.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>What is the applicable legal record date to determine how many Nagarro SE shares are allocated to an Allgeier shareholder?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">The determination of who is Allgeier shareholder for the purposes of the allotment will be made on the allotment date (the day on which the Spin-off becomes effective by the entry in the commercial register of Allgeier SE) in the evening, based on the respective securities account holdings in Allgeier shares. Stock exchange transactions which are still open will also be included. Details of the settlement will be announced separately to the shareholders of Allgeier SE immediately after the Spin-off is entered in the commercial registers of Nagarro SE and Allgeier SE (<em>\u201cZuteilungsbekanntmachung\u201d<\/em> \/ &#8220;Notification of Allotment&#8221;). The Notification of Allotment will be published by Allgeier SE in the German Federal Gazette (<em>\u201cBundesanzeiger\u201d<\/em>).<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Why has the allotment ratio been set at 1:1?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">The allotment ratio was mainly determined by the future share capital of Nagarro SE and its number of shares. In the opinion of the boards of the legal entities involved, the amount of the future share capital is in an appropriate relation to the equity and the expected market capitalization of Nagarro SE and adequately reflects the relative sizes of the transferring and the receiving legal entity. In determining the share capital and the number of shares, it was also considered that the future share price of Nagarro SE should be within a range that is attractive from today&#8217;s perspective for private as well as institutional investors. An explanation and justification of the allotment ratio is contained in Chapter C. V. of the Joint Spin-off Report.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Do the Allgeier shares have to be kept in a specific securities account to receive the allocated Nagarro shares?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">No. You will receive Nagarro shares for all your Allgeier shares in a ratio of 1:1 based on the respective deposits on the evening of the date when the Spin-off becomes effective irrespective of the bank where the respective securities account is maintained. In case of securities accounts outside Germany, booking may eventually take longer, depending on the custodian bank.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>What effects will the Spin-off have on the Allgeier share price?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">Technically, the price of Allgeier shares will be quoted &#8220;ex spin-off&#8221; from the first trading day after the Spin-off becomes effective. Similar to dividends, Allgeier shares will then be traded without the value of Nagarro shares.<br \/>\nThe extent of this effect or the price from parallel trading of the Nagarro share cannot be predicted sufficiently at present.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Are there any costs for me?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">The share allotment is generally free of commission and expenses for Allgeier shareholders who hold their shares in securities accounts in Germany. Allgeier SE remunerates the services provided by the custodian banks of the custodian banks located in Germany with a payment of EUR 2.50 per custodian account. Allgeier SE also does not charge any fees to its shareholders. However, it cannot be excluded that the respective custodian bank may charge the respective Allgeier shareholder additional costs. Commissions and expenses may be incurred for securities accounts outside Germany. Please ask your custodian bank for more information.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Does the Spin-off have tax implications for my Allgeier shares?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">If a shareholder is resident in Germany, the Allgeier shares are held as private assets and the shareholder has at no time within the last five years held a stake of at least 1% in Allgeier SE (section 17 EStG), the Spin-off should &#8211; with the exception of the sale of fractional rights &#8211; be tax neutral. In other words, there would be no taxable capital gains in this respect, provided that the laws of the Federal Republic of Germany with respect to the taxation of the gain from the sale of Nagarro shares will not be amended respectively. Consequently, no capital gains tax would have to be withheld and paid in this respect. Please understand that we are not allowed to provide individual information on the tax consequences of the Spin-off for shareholders. However, a general explanation of the tax consequences of the Spin-off for shareholders can be found in Chapter D. II. 2.b) of the Joint Spin-off Report.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Which financial institution was commissioned to handle the allotment?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">Allgeier SE will appoint COMMERZBANK Aktiengesellschaft, Frankfurt am Main, as central settlement agent to handle the allotment. In addition, the respective custodian bank is obliged to implement the allotment for their respective custodian account holders.<\/div><\/div><\/div>\n<h4>II. What do I need to know about Nagarro stock?<\/h4>\n<div class=\"su-accordion su-u-trim\"><div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>How is the Nagarro share valued or how is the price determined?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">No separate valuation of Nagarro SE is made in the context of the Spin-off.<br \/>\nThe price of Nagarro shares will be determined from the first day of trading in ordinary stock exchange trading and will depend on the supply and demand for Nagarro shares. In the Xetra trading system of the Frankfurt Stock Exchange, the first price fixing of a trading day is usually made in an opening auction.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>On which stock exchange and in which market segment are Nagarro shares traded?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">All shares in Nagarro SE are to be admitted and traded immediately after the Spin-off takes effect on the Regulated Market of the Frankfurt Stock Exchange and additionally in the sub-segment of the Regulated Market with additional admission requirements (Prime Standard) of the Frankfurt Stock Exchange.<\/div><\/div>\n<div class=\"su-spoiler su-spoiler-style-default su-spoiler-icon-plus su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>How will Nagarro shares be treated for tax purposes?<\/div><div class=\"su-spoiler-content su-u-clearfix su-u-trim\">Shareholders of Nagarro SE are subject to taxation with their income from future profit distributions under general rules.<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The Nagarro group has outgrown Allgeier in recent years through its sustained organic growth and various acquisitions as an independent global tech services player. For Nagarro, it is important to be able to gain more attention and visibility with an independent listing and branding in the market, which we believe will also enable more attractive &hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7050","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spin-off Nagarro SE - Allgeier SE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.allgeier.com\/en\/investor-relations\/spin-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spin-off Nagarro SE - Allgeier SE\" \/>\n<meta property=\"og:description\" content=\"&#8220;The Nagarro group has outgrown Allgeier in recent years through its sustained organic growth and various acquisitions as an independent global tech services player. 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