CPU Softwarehouse — Regulatory Filings 2001

Oct 23, 2001

News Details

Ad-hoc | 23 October 2001 18:46

CPU Softwarehouse AG english

CPU Softwarehouse AG obtains temporary injunction against Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad-hoc Report CPU Softwarehouse AG obtains temporary injunction against the German Stock Market. Market value and market capitalisation not necessarily seen as most suitable criteria. Augsburg, October 23rd 2001 CPU Softwarehouse AG, Augsburg (Security ID No.: 545430) obtains temporary injunction at the 9th division of the regional Frankfurt am Main court (panel for commercial matters), against the delisting regulations of the German Stock Market, which came into force on 01.10.01. The decision reached basically states that the German Stock Market is prohibited from applying the altered regulations for the Neuer Markt to the complainant’s expense until after 31.03.2002. In the written reasons for this judgement, the court stressed, for example, that ” the market value of a particular share very often does not reflect the true performance of a company or, if so, only to a very slight degree. The value is determined rather by general trends and irrational fears and hopes. For this reason, there exist justified doubts about whether the criteria set down by the German Stock Market (the market value and market capitalisation) are suitable for achieving the intended goal. While the court declared that the time at which these regulations came into force is unreasonable and therefore has no binding force for CPU as complainant, CPU Softwarehouse AG was unsuccessful in its attempt to have the changes made to the German Stock Market regulations declared as unreasonable in themselves. The court also determined a failure on the part of the legislator here: “In view of the fact that the legislator has only recently created the opportunity to establish the Neuer Markt, and has apparently overseen the regulatory authority of the defendant (German Stock Market) or did not wish to regulate this in the form of an obligatory basis to set down statutory articles, the stock market (also) does not have any expressly regulated rules for amendments to the commercial guidelines.” The discussion draft for the fourth Financial Market Development Act reveals that the legislator has indeed overseen the above and now intends to regulate the matter. IR Contact: Joachim Bertele Tel.: 0821/4602-188; Fax: 0821/4602-179 E-Mail: investor@cpu-ag.com; URL: http://www.cpu-ag.com end of ad-hoc-announcement (c)DGAP 23.10.2001 ——————————————————————————– WKN: 545430; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 231846 Okt 01