UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form CB
TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM
(AMENDMENT NO. 1)
Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:
Biofrontera AG
(Name of Subject Company)
Not applicable
(Translation of Subject Company’s Name into English (if applicable)
Federal Republic of Germany
(Jurisdiction of Subject Company’s Incorporation or Organization)
Deutsche Balaton Biotech AG
DELPHI Unternehmensberatung Aktiengesellschaft
(Name of Person(s) Furnishing Form)
Ordinary Shares
(Title of Class of Subject Securities)
Not applicable
(CUSIP Number of Class of Securities (if applicable))
Rolf Birkert
Wilhelm Konrad Thomas Zours
Ziegelhäuser Landstrasse 1
69120 Heidelberg, Germany
Copies to:
Marc A. Leaf
Drinker Biddle & Reath LLP
1177 Avenue of the Americas
New York, New York 10036
(Name, Address (including zip code) and Telephone Number (including area code)
of Person(s) Authorized to Receive Notices and Communications on Behalf of Subject Company)
June 21, 2019
(Date Tender Offer/Rights Offering Commenced)
PART I – INFORMATION SENT TO SECURITY HOLDERS
Item 1. Home Jurisdiction Documents
(a)
* Previously furnished.
| (b) | Not applicable. |
Item 2. Informational Legends
Not applicable.
PART II – INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS
| (1) | Not applicable. |
| (2) | Not applicable. |
| (3) | Not applicable. |
PART III – CONSENT TO SERVICE OF PROCESS
Deutsche Balaton Biotech AG and DELPHI Unternehmensberatung Aktiengesellschaft have previously filed an irrevocable consent and power of attorney on Form F-X in connection with this Form CB.
1
PART IV – SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Deutsche Balaton Biotech AG | ||
| By: | /s/ Rolf Birkert | |
| Name: | Rolf Birkert | |
| Title: | Board Member | |
| DELPHI Unternehmensberatung Aktiengesellschaft | ||
| By: | /s/ Wilhelm Konrad Thomas Zours | |
| Name: | Wilhelm Konrad Thomas Zours | |
| Title: | Board Member | |
Date: June 28, 2019
2
Exhibit 99.6
Deutsche Balaton Biotech AG (Frankfurt am Main)
DELPHI Unternehmensberatung Aktiengesellschaft (Heidelberg)
Announcement pursuant to section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (“WpÜG”)
Deutsche Balaton Biotech AG (“ DB Biotech ”) with its registered office in Frankfurt am Main, business address in 69120 Heidelberg, Ziegelhäuser Landstraße 1, and DELPHI Unternehmensberatung Aktiengesellschaft (“ DELPHI ”) with its registered office in Heidelberg, business adress ibidem (DB Biotech and DELPHI hereinafter jointly referred to as the “ Bidders ”) have published the offer document for their Voluntary Acquisition Offer (“ Acquisition Offer ”) to the shareholders of Biofrontera AG, Leverkusen, (“ Target Company ”) for the acquisition of up to 500,000 registered shares of Biofrontera AG (ISIN DE0006046113 / WKN 604611) (“ Biofrontera Shares ”) against payment of a cash benefit of EUR 7.20 per share on 21 June 2019. The offer document is available on the Internet at
https://www.deutschebalatonbiotech.de/erwerbsangebot-biofrontera-2019.
The period for acceptance of the Acquisition Offer ends on 19 July 2019, 24:00 hours (local time Frankfurt am Main).
Until 28 June 2019, 11:00 a.m. (local time Frankfurt am Main) (“ Reporting Date ”) the Acquisition Offer was accepted for a total of 0 (in words: zero) Biofrontera Shares. This corresponds to 0.00 % of the share capital and the voting rights of the Target Company.
The Bidders and the persons acting jointly with the Bidders held the following Biofrontera Shares as of the Reporting Date:
| ● | DB Biotech: 1,183,456 Biofrontera Shares, corresponds to 2.65 % of the voting rights of the Target Company; |
| ● | DELPHI: 6,027,784 Biofrontera Shares, corresponds to 13.51 % of the voting rights of the Target Company; |
| ● | Deutsche Balaton Aktiengesellschaft: 1,310,333 Biofrontera Shares, corresponds 2.94 % of the voting rights of the Target Company as well as 9,057 American Depositary Shares, corresponds 0,04 % of the voting rights of the Target Company; |
| ● | ABC Beteiligungen AG: 101,455 Biofrontera Shares, corresponds to 0.23 % of the voting rights of the Target Company; |
| ● | Sparta AG: 3,215,000 Biofrontera Shares, corresponds to 7.20 % of the voting rights of the Target Company; |
| ● | Prisma Equity AG: 180,632 Biofrontera Shares, corresponds to 0.40 % of the voting rights of the Target Company. |
The Bidders and the persons acting jointly with the Bidders thus together hold a total of 12.018.660 Biofrontera Shares and 9,057 American Depositary Shares. This corresponds to approximately 26.97 % of the share capital and voting rights of the Target Company.
The voting rights from Biofrontera Shares held by DB Biotech are attributed to Deutsche Balaton AG, VV Beteiligungen Aktiengesellschaft, DELPHI and Mr Wilhelm K. T. Zours pursuant to Section 30 (1) sentence 1 no. 1, sentence 3 WpÜG.
The voting rights from Biofrontera Shares held by DELPHI are attributed to Mr. Wilhelm K. T. Zours pursuant to § 30 para. 1 sentence 1 no. 1, sentence 3 WpÜG.
The voting rights from Biofrontera Shares held by Deutsche Balaton are attributed to VV Beteiligungen Aktiengesellschaft, DELPHI and Mr. Wilhelm K. T. Zours each pursuant to § 30 Para. 1 Clause 1 No. 1, Clause 3 WpÜG.
The voting rights from American Depositary Shares held by Deutsche Balaton are attributed to VV Beteiligungen Aktiengesellschaft, DELPHI and Mr. Wilhelm K. T. Zours each pursuant to § 30 Para. 1 Clause 1 No. 2 WpÜG.
The voting rights from Biofrontera Shares held by ABC Beteiligungen AG are attributed to Deutsche Balaton Aktiengesellschaft, VV Beteiligungen Aktiengesellschaft, DELPHI and Mr. Wilhelm K. T. Zours each pursuant to § 30 Para. 1 Clause 1 No. 1, Clause 3 WpÜG.
The voting rights from Biofrontera Shares held by Sparta AG are attributed to Deutsche Balaton Aktiengesellschaft, VV Beteiligungen Aktiengesellschaft, DELPHI and Mr. Wilhelm K. T. Zours each pursuant to § 30 Para. 1 Clause 1 No. 1, Clause 3 WpÜG.
The voting rights from Biofrontera Shares held by Prisma Equity AG are attributed to Deutsche Balaton Aktiengesellschaft, VV Beteiligungen Aktiengesellschaft, DELPHI and Mr. Wilhelm K. T. Zours each pursuant to § 30 Para. 1 Clause 1 No. 1, Clause 3 WpÜG. The Biofrontera Shares held by Prisma Equity AG are being held on a trust basis for DB Biotech and are used to serve the claim of assignment of Biofrontera Shares to which the owners of the stock purchase warrant issued by DB Biotech in 2018 are entitled. For this reason, the Biofrontera Shares held by Prisma Equity AG are also attributed to DB Biotech pursuant to § 30 para. 1 sentence 1 no. 2 WpÜG. Due to the allocation to DB Biotech described above, the Biofrontera Shares held by Prisma Equity AG are also attributed to Deutsche Balaton Aktiengesellschaft, VV Beteiligungen Aktiengesellschaft, DELPHI Unternehmensberatung Aktiengesellschaft and Mr Wilhelm K. T. Zours pursuant to Section 30 para. 1 sentence 1, no. 2, sentence 2 WpÜG.
Consequently, Mr. Wilhelm K.T. Zours is attributed voting rights from a total of 12,018,660 Biofrontera Shares including the voting rights held by the Bidders and from 9,057 American Depositary Shares with the ISIN US09075G1058 (the latter corresponding to voting rights from 18,114 shares). This corresponds to a share of 26.97 % of the capital stock and voting rights of Biofrontera AG.
The total number of Biofrontera Shares for which the Acquisition Offer has already been accepted as of the Reporting Date, plus the number of Biofrontera Shares directly held by the Bidders and the persons acting in concert with the Bidders as of the Reporting Date, therefore amounts to 12,018,660 Biofrontera Shares and thus, together with the American Depositary Shares held 9,057 by Deutsche Balaton Aktiengesellschaft, corresponds to approximately 26.97 % of the share capital and voting rights of the Target Company.
In addition to the aforementioned shareholdings, neither the Bidders nor any of the persons acting jointly with the Bidders within the meaning of § 2 para. 5 WpÜG or their subsidiaries hold shares of the Target Company and no further voting rights from Biofrontera Shares pursuant to § 30 WpÜG are attributable to them. Instruments within the meaning of Sections 38, 39 of the Securities Trading Act (“WpHG”) are held neither by the Bidders nor by persons acting jointly with the Bidders or their subsidiaries.
This publication is available - at the same time also in a non-binding English translation - as follows:
on the Internet at: https://www.deutschebalatonbiotech.de/erwerbsangebot-biofrontera-2019
on the Internet dated: 28 June 2019
Heidelberg, the 28 June 2019
Deutsche Balaton Biotech AG
DELPHI Unternehmensberatung Aktiengesellschaft