Turbon AG — Share Issue/Capital Change 2005

Jul 27, 2005

News Details

Ad-hoc | 27 July 2005 08:35

Turbon AG: Stock options and treasury shares

Ad hoc announcement §15 WpHG Stock options and treasury shares Turbon AG: Stock options and treasury shares Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Turbon AG: Stock options and treasury shares By using stock options issued within the Turbon Stock Option Plan 1999 Turbon employees bought in July 2005 a total of 13,000 Turbon shares. The purchase resulted in a capital increase. The total number of shares of Turbon AG therefore amounts now to 4,042,000 of which 328,500 shares are held by Turbon AG itself as treasury shares. In an amendment to the existing share purchase agreement regarding those treasury shares held by Turbon AG, Turbon AG and Adsero Corp. did agree to move the purchase date for the 328,500 shares by Adsero Corp. from July 29th, 2005 to latest August 31st, 2005. Reason for this delay is that the currently ongoing meetings between investors and Adsero Corp. regarding the financing of the transaction will not be finished before August time frame. 71,500 treasury shares formerly owned by Turbon AG have been acquired by Adsero Corp. already in June 2005. Hattingen, July 27th, 2005 Turbon AG Turbon AG Ruhrdeich 10 45525 Hattingen Deutschland ISIN: DE0007504508 WKN: 750450 Listed: Geregelter Markt in Düsseldorf und Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Hamburg und Stuttgart End of ad hoc announcement (c)DGAP 27.07.2005 270835 Jul 05