123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH on May 12, 2024. The total purchase price, which is subject to certain adjustments, was agreed to be a mid-six-figure amount that can be paid in full in shares of 123fahrschule SE in several tranches at the discern on of 23fahrschule SE by the end of 2026. The new shares are to be issued at an issue price close to the stock exchange price.

If this is not possible under stock corpora>on law, 123fahrschule Holding GmbH is entailed to withdraw from the purchase agreement, in particular if the calculated issue price of the new shares to be issued proves to be unreasonably low. Subject to the occurrence of conditions precedent, the acquisition is planned to be completed on 1 July 2024.