PIERER Mobility AG

M&A Activity • Sep 30, 2014

publication: 30.09.2014 18:20 source: http://adhoc.pressetext.com/news/1412094000835 keywords: BRAIN FORCE Holding AG / disposal of substantial holdings / CEGEKA GROEP

Adhoc announcement according to article 48d section 1 BörseG

BRAIN FORCE Holding AG: Closing of the disposal of substantial holdings to CEGEKA GROEP

Vöcklabruck (pta040/30.09.2014/18:20) - BRAIN FORCE HOLDING AG hereby announces that the transfer of the shares in BRAIN FORCE SOFTWARE GmbH (Germany) and BRAIN FORCE S.P.A. (Italy) to CEGEKA GROEP has been closed. Based on the EBIT result as of 30 September 2014 (the "Cut-Off Day") the purchase price has been adjusted and as of today amounts to EUR 21.5 million. The purchase price will be increased by any cash and cash equivalents existing on the Cut-Off Day respectively reduced by interest bearing financial obligations of BRAIN FORCE SOFTWARE GmbH (Germany) and BRAIN FORCE S.P.A. (Italy) towards third parties as of the Cut-Off Day.

emitter:	BRAIN FORCE Holding AG Wartenburger Str. 1b 4840 Vöcklabruck Austria
contact person:	Mag. Michaela Friepeß
phone:	+43 7672 90 900
e-mail:	InvestorRelations@brainforce.com
website:	www.brainforce.com
ISIN(s):	AT0000820659 (share)
stock exchanges:	official trade in Vienna; open market (free market) in Frankfurt

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