SHS Viveon AG

Related Party Transaction • Apr 3, 2002

News Details

Corporate | 3 April 2002 11:19

SHS Informationssysteme english

Board of Directors of SHS Informationssysteme AG increases its share in SHS Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Board of Directors of SHS Informationssysteme AG increases its share in SHS Munich, 03.04.2002 – SHS Informationssysteme AG announces, that the board of directors, including the new appointed Chief sales officer Dr. Ansgar Gründler, as well as members of the management of SHS Informationssysteme AG have subscribed 430.000 new shares on 03.04.2002. The shares stem from the authorized capital II and were taken over market price by cash deposit with a lock-up- period of 12 months. Additional to the existing lock-up-period lasting until 31.05.2002, the board of directors commits itself again for SHS. Overall the number of shares of the Munich IT specialist counts after the capital increase 4.740.000 shares. “Today SHS is absolutely under valued. SHS posesses a great potencial, alone through the risk-management-solution GUARDEN.” says Dr. Ansgar Gründler, new Chief Sales Officer by July 2002, “Our clear goal is the uptake in the NEMAX50. The current share price represents a unique chance for investors.” With a subscription price of EUR 2,20 a price signifcantly above the last quotation at the Frankfurt stock exchange on 02. April 2002 of EUR 2,00 was choosen. “In the whole board there is a common understanding about the under evaluation of SHS shares and the signalling power of the capital increase” describes Chris Bogers Chief Financial Officer of the Munich IT specialist, ” With the capital increase we have choosen a way to strengthen the financial gearing of SHS and also reach a significant participation of the new members of the board.” ——————————————————————————– Background Information SHS at a glance: The internationally active SHS Information Systems AG is among the leading consulting firms for Information Technology (IT) on the European market. With a main focus on telecommunications companies and financial service providers, SHS increasingly counts firms from other sectors – for instance, energy supply – among its clients. The Munich-founded group with about 500 employees today is de-centrally organised, and maintains a total of 10 locations in Germany, Spain, France and Italy. Along with T-Mobile, arcor from the Vodafone group, e-plus and VIAG Interkom, SHS supports all four of the largest German mobile phone service providers. France telecom and Spain”s Telefonica are also among the clients in the field of telecommunications. Moreover, SHS supports renowned financial service providers such as Germany”s SÜDLEASING, the Banco Central Santander Hispano (BSCH) in Spain or Exane in France. Shares from SHS (Security Code No.: 507240) have been quoted on the Neuer Markt of the German Stock Exchange in Frankfurt on Main since 19 May 1999. Gladly available in the event of questions: SHS Information Systems AG Christian Angerer Investor Relations Telephone: +49 – 89 – 74 72 57 – 18 Fax: +49 – 89 – 74 72 57-10 e-mail: info@shs.de Internet: http://www.shs.de end of message, (c)DGAP 03.04.2002