EANS-Adhoc: P&I Personal & Informatik AG
Conclusion of a domination and profit
and loss transfer agreement between P&I Personal & Informatik AG and Argon GmbH
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
07.02.2011
Today P&I Personal & Informatik AG ("P&I AG") and Argon GmbH
("Argon") have entered into a domination and profit and loss transfer
agreement pursuant to Section 291 para. 1 German Stock Corporation
Act (Aktiengesetz, AktG) with Argon as dominating company and P&I AG
as dependent company. The supervisory board of P&I AG has given its
consent to the conclusion of the agreement also today. The agreement
provides for a recurring payment of gross EUR 1.78 per share of P&I
AG for each full fiscal year, less the corporate tax and solidarity
contribution payable by P&I AG, as adequate compensation for the
third party shareholders of P&I AG. On the basis of the currently
applicable tax law provisions this amounts to net EUR 1.55 per share
of P&I AG for each full fiscal year. Further, the agreement includes
the obligation of Argon to acquire the shares of third party
shareholders of P&I AG for a cash consideration in the amount of EUR
25.01 per share of P&I AG upon their demand. The agreement is subject
to the consent of the general meeting of P&I AG. For this purpose, it
is intended to hold an extraordinary general meeting of P&I AG on 24
March 2011 and to submit the agreement for resolution.end of announcement euro adhoc
Contact:
Andreas Granderath
+49 (0)611 7147-267
agranderath@pi-ag.com
Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade