TTL Beteiligungs- und Grundbesitz-AG

Capital/Financing Update • Jan 16, 2002

News Details

Ad-hoc | 16 January 2002 08:11

TTL Info. Technology AG english

TTL restructures its holding in BDI Laguna Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– TTL Information Technology AG restructures its holding in BDI Laguna BDI Laguna has repurchased shares from the previous majority shareholders, the Wertheimer family. The stock buyback is being financed by a load taken out by BDI Laguna with the Bank of America. Within the framework of the contractual agreement with the Wertheimer family, it was specified that the authority to make decisions of crucial importance for the company is to be transferred from the former majority shareholders to the other shareholders, with TTL International AG having become the largest single shareholder in BDI Laguna as a result of the above-mentioned transaction. Finally, a legally binding agreement was signed by all shareholders to the effect that TTL International AG can leave its holding (with the shareholders agreement continuing in force) at a level of 20 %, and in return is to receive a total of USD 7.9 million. TTL Information Technology AG, Munich, is a vendor of integrated IT services (WKN 750 100). Munich, 16 January 2002 Shareholder Hotline: +49(0)89/381611-25 end of ad-hoc-announcement (c)DGAP 16.01.2002 ——————————————————————————– WKN: 750100; ISIN: DE0007501009; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München 160811 Jän 02