German Values Property Group AG

M&A Activity • Apr 29, 2009

News Details

Ad-hoc | 29 April 2009 18:34

Travel24.com AG: majority takeover by Unister Holding GmbH and restructuring of the company

Travel24.com AG / Acquisition

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Munich, 29th April 2009 - Travel24.com AG announces that the restructuring
contribution necessary to the implementation of the transaction with
Unister Holding GmbH has been provided by Travel24.com AG's creditors
through the conclusion of corresponding settlement agreements and waivers.
The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has issued a
preliminary estimate in the context of an interim note whereby Unister's
application for an exemption from the issuance of a compulsory offer under
§ 37 WpÜG might be successful. The acting Management has committed itself
to step down by the end of May 2009.

Today, Unister acquired convertible bonds from bondholders in a nominal
amount of EUR 1.3m and has stated the conversion of 1,170,000 therefrom
into 1,170,000 shares. The company is currently preparing the issue of
these shares.

Contact:
Travel24.com AG
Investor Relations
Romanstraße 35
80639 München
Tel.: +49 (0) 89 25 007 1000
Fax: +49 (0) 89 25 007 1021
mailto:ir@travel24.com
www.travel24.com
Urlaub zum Greifen nah.

29.04.2009 Financial News transmitted by DGAP

Language: English
Issuer: Travel24.com AG
Romanstraße 35
80639 München
Deutschland
Phone: +49 (0)89 25007-1000
Fax: +49 (0)89 25007-1021
E-mail: ir@travel24.com
Internet: www.travel24.com
ISIN: DE000A0L1NQ8
WKN: A0L1NQ
Listed: Regulierter Markt in Frankfurt (Prime Standard)

End of News DGAP News-Service

---