Surteco Group SE

Share Issue/Capital Change • Sep 18, 2002

News Details

Ad-hoc | 18 September 2002 15:19

SURTECO AG english

Difficult Market Environment Compels SURTECO AG to Cancel Capital Increase Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Difficult Market Environment Compels SURTECO AG to Cancel Capital Increase Buttenwiesen-Pfaffenhofen, 18 September 2002 – The Board of Management and Supervisory Board of SURTECO AG decided to cancel the planned capital increase today. Despite a positive response to SURTECO’s successful business model by institutional investors at home and abroad, successful implementation of the capital increase could no longer be ensured against the background of the recent deteriorating situation in international capital markets. The capital increase was intended to strengthen the equity capital base and provide the company with an expanded financial framework for acquisitions within the surface technology sector. The capital inflow would have given the company an excellent starting position to exploit short-term opportunities for acquisitions in a sector that is currently undergoing consolidation. Breaking off the capital increase has no effects on the operational business of the SURTECO Group. The company will focus on the smooth integration of the Döllken Group and it will continue to invest in areas generating strong income. Contact: Haubrok Investor Relations GmbH, Michael Werneke, Tel.: 089/21027-244, Fax: 089/21027-289, E-Mail: m.werneke@haubrok.de SURTECO AG, Günter Schneller, Tel.: 08274/9988-508, Fax: 08274/9988-515, E-Mail: g.schneller@surteco.com end of ad-hoc-announcement (c)DGAP 18.09.2002 ——————————————————————————– WKN: 517 690; ISIN: DE0005176903; Index: Listed: Amtlicher Markt in Frankfurt (SMAX), München; Freiverkehr in Berlin, Bremen, Hamburg, Stuttgart 181519 Sep 02