Vivanco Gruppe AG

AGM Information • Jun 15, 2001

News Details

Ad-hoc | 15 June 2001 07:31

Vivanco Gruppe AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Vivanco shareholders’ meeting passes resolution to issue profit participation certificates with subscription option for Vivanco shareholders – Former Board Chairman Elard Raben now on the Supervisory Board The shareholders’ meeting of Vivanco Gruppe AG, Ahrensburg, has passed a resolution to issue profit participation certificates with a planned volume of around 30 million DM. At the same time, the former Chairman of the Board of Management, Elard Raben, was voted by an overwhelming majority on to the Supervisory Board of one of Europe’s leading ITC (information technology and telecommunications) accessory suppliers. Attendance at the meeting represented 60,8% of the total capital. The issuing of profit participating certificates will serve to finance continued organic growth. The authorisation of the Board of Management to issue profit participation rights provides, with the approval of the Supervisory Board, for the possibility of profit participation rights with a total nominal value of up to 6.5 million euro being issued once or several times until 13 June 2006 with a maximum term of 20 years. For the first tranche of the issue of profit participation certificates, the details of which will be announced over the next few days, there will be a right to convert into Vivanco shares, provisionally as from 31 December 2002. The rate of exchange will be 1 to 1; 1 euro nominal value of the profit participation rights entitles the holder to purchase shares to the nominal value of 1 euro. In view of the currently low valuation of the shares, this conversion entitlement will be an attractive subscription incentive. The issue price of the profit participation certificates must be at least 5 euro per 2.5565 euro nominal value. Vivanco shareholders are entitled to subscribe to the profit participation rights. The new majority shareholder of Vivanco, Nord Holding Unternehmensbeteiligungsgesellschaft mbH, will subscribe to the profit participation certificate capital in accordance with its holding of more than 51.13%. Hamburg/Ahrensburg, 15 June 2001 end of ad hoc announcement (c) DGAP 15.06.2001 ——————————————————————————– WKN: 760290; Index: SDAX Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 150731 Jun 01