Derogation Takeover Law: SMG Technology Acceleration SE (renamed BigRep SE) – ISIN: LU2859870326

In the context of the business combination between SMG Technology Acceleration SE (“SMG SPAC”) and BigRep GmbH (“BigRep GmbH”), the CSSF granted, on 22 August 2024, pursuant to Article 4 (5) of the law of 19 May 2006 on takeover bids (“Takeover Law“), a derogation regarding the requirement of Article 5 (1) of the Takeover Law to launch a takeover bid for the shares of SMG SPAC. This derogation was granted to the persons listed here below as persons who were acting in concert in the context of the business combination and acquired temporarily the control of SMG SPAC as a result of their subscription of newly issued shares as at 29 July 2024 in the context of the consummation of the business combination between SMG SPAC and BigRep GmbH.

Taking into account the transparency in relation to the business combination transaction between SMG SPAC and BigRep GmbH  and the related undertakings, the possibility for the shareholders of SMG SPAC to make an informed decision as regards the business combination, in particular in the context of the extraordinary general meeting of shareholders of SMG SPAC to which the business combination was submitted for approval, the possibility of an unlimited exit for the shareholders, and the temporary nature of the acting in concert between the parties identified here below, the CSSF considers that the interests of the minority shareholders of SMG SPAC were sufficiently protected in the context of the aforementioned business combination without the application of the provisions of Article 5 (1) of the Takeover Law.

Persons to whom the derogation was granted:

1. SMG Technology Holding S.à r.l.; Stefan Petrikovics;
2. de Krassny GmbH; Alain Francois Marcel de Krassny;
3. Apollo Beteiligungs Gesellschaft mbH; Alexander Schröter; Fabian Franzin;
4. KLK Holdings Limited; Karl Arco; Isabella de Krassny;
5. Koehler Invest GmbH; Kai Michael Furler; Stefan Karrer; Frank Lendowski;
6. BASF Venture Capital GmbH; Roland Nunheim;
7. KfW – Niederlassung Bonn;
8. Körber AG; Stephan Seifert; Erich Hoch; Rami Johan Jokela; Stefan Georg Kirschke;
9. b-to-v Partners S.à r.l.; Charles Christian Schütz; Florian Schweitzer;
10. kloeckner.v GmbH; Friedhelm Karl Georg Loh;
11. Christian Reitberger;
12. Schneider Smeets BigRep Vermögensverwaltung GbR; Schneider Capital AG; Hannes Schneider; SMEETS VENTURES GmbH; Peter Smeets;
13. Companisto Trust Service XVII GmbH; David Rhotert; Tamo Zwinge;
14. Companisto Trust Service V GmbH; David Rhotert; Tamo Zwinge;
15. VICI II Ventures GmbH; Matthias Folkers;
16. Dorle Sandkühler-Gurka;
17. Wolfgang Schmidt;
18. Preußische Stiftungsdirektion Berlin GmbH; Steffen Branding;
19. Oliver Diezmann;
20. Jan Arne Tegtmeier;
21. OS Online Solution GmbH; Andreas Rabuser;
22. Ronald Stefan Hoppmann;
23. Hans-Peter Fried;
24. Stephan Peter Burgholte;
25. Steffen Alexander Martin Sola;
26. Lutz Kettner;
27. Melanie Junglas-Mummert;
28. Lexpeya Beteiligungsgesellschaft mbH; Alexandre Fiebig;
29. Thomas Belkacem;
30. Ralf Eilert;
31. Gerrit Jörg Arends;
32. c23 ventures GmbH; Nikolai A. Behr;
33. Christian Martin Maria Schwarz;
34. Janet Ponzel;
35. Pierre Andre Claude Gérard Cardonne;
36. Investico GmbH; Petra Hecker;
37. Alexander Baumgartner;
38. Christian Orsinger;
39. Alfred Heinrich Georg Spieker;
40. Udo Peter Nink;
41. Jens Braeuker;
42. Bernd Georg Greiner;
43. Margit Irmgard Eschenbach;
44. eastWest Venture Capital GmbH; Merten Thurmann;
45. Matthias Urlichs;
46. Michael Kröner;
47. Stephan Beyer;
48. Martin Back;
49. Bavarian Capital Management GmbH; Nikola Dimitrov;
50. Hardy Koch;
51. Ralf Lohmann;
52. Viktor Jürgen Deifel;
53. Björn Barenthien;
54. Sixt Georg v. Kapff;
55. Martin Hecker;
56. Herwig Ortwin Feddersen;
57. Theano GmbH; Rainer Typke;
58. MK Invest GmbH; Matthias Kleih;
59. Wolfgang Lohmann;
60. HAGE Holding GmbH; Stefan Hampel; Florian Hampel; and
61. BSL BigRep Service GmbH; Edouard Lange; Johannes Bruski; Peter Smeets.

Luxembourg, 23 August 2024