Beta Systems Software AG

Share Issue/Capital Change • Mar 26, 1998

News Details

Ad-hoc | 26 March 1998 19:56

Ad hoc-Service: BETA Systems Software AG BETA 26.03.e

—————————————————————— Ad hoc-Service: BETA Systems Software AG BETA 26.03.e Mitteilung gemäß Paragraph 15 WpHG übermittelt von der DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— BETA Systems plans to increase share capital Conversion plan into no-par-value-shares BETA Systems Software AG is planning to issue stock dividends Increase of capital stock out of company funds Conversion to no-par-value-shares Stronger focus on the principles of shareholder-value BETA Systems Software AG, one of the world’s leading providers of automization software for large data-processing centers, is planning to issue stock dividends. At the company’s Annual General meeting, which will take place on June 8, 1998 in Berlin, the board will propose to double the company’s capital stock from DM 9.0 million to DM 18,0 million through conversion of retained earnings by an additional DM 9.0 million. If given the acceptance at the Annual General Meeting, one common share will be apportioned to one stock dividend. At the same time, the board will suggest at the upcoming Annual General Meeting, to convert the issued shares with a nominal value of DM 5.- into no- par-value-shares, as also planned in other publicly listed companies. BETA Systems is going to convert one share with a nominal value of DM 5.- into two no-par-value-shares. As a result, the liquidity of the issued shares on the stock market will increase significantly: in a first step the company plans to issue 1.8 million shares with a nominal value of DM 5.- through converting retained earnings. In a second step, another 1.8 million shares will be issued by a conversion of shares with a nominal value of DM 5.- into no-par-value-shares in a 2:1 ratio to result in a total of 7.2 million shares. As a result of this activities, the management is expecting a further improved acceptance in the market. At the same time it is the company’s purpose to let the shareholders participate in the success of the company, not by paying dividends, but by issuing stock dividends. The principle of advancing shareholder value is one of BETA’s declared company goals. Contact: BETA Systems Software AG Reinhard Stary Vice President Corporate Controlling/Investor Relations Phone: ++49 30 399 26 158 Fax: ++49 30 399 26 294 Alt Moabit 97a, D-10559 Berlin, Germany Internet: www.betasystems.com Ende der Mitteilung