GBS Software AG — M&A Activity 2004

Jul 15, 2004

News Details

Ad-hoc | 15 July 2004 18:42

GlobalWare AG: sells participation and increases share in GAP AG

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GlobalWare AG: sells participation and increases share in GAP AG Eisenach, July 15, 2004 – GlobalWare AG sells its shares in GEDYS-DISKUS Ltd., Warrington as well as in Gedys Internet Products NV headquartered in Den Haag to GAP AG für GSM Applikationen und Produkte. As subsidiaries of GAP AG, GEDYS- DISKUS and Gedys NV continue to be part of the GlobalWare Group. In addition, GAP AG für GSM Applikationen und Produkte, Oberhaching, has exercised its right to convert the loan, given to GAP AG by GlobalWare AG last year at the time of the acquisition of GEDYS IntraWare GmbH, by payment in shares to GlobalWare AG. GlobalWare AG therefore increases its share in GAP AG für GSM Applikationen und Produkte. In this context, the GlobalWare- participation GAP AG will carry out a capital increase of 1.55 million Euros against subject investment. GlobalWare AG will subscribe and accept the 1.55 million new shares issued in the scope of the GAP AG real capital increase. Subject to the suspensive condition of the recordation of the cash capital increase resolved by GAP AG in June, and subject to the recordation of the real capital increase by the register judge the equity capital of GAP AG will increase by 1.55 million Euros from 5.85 million Euros to 7.4 million Euros in the scope of the real capital investment. Contact GlobalWare AG Kirstin Fischer Hospitalstraße 6, 99817 Eisenach Tel.: +49-3691-7353-0, Fax: +49-661-964299-619 e-mail: kfischer@globalware.ag http://www.globalware.ag end of ad-hoc-announcement (c)DGAP 15.07.2004 ——————————————————————————– WKN: 510450; ISIN: DE0005104509; Index: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, München und Stuttgart 151842 Jul 04