euro adhoc: ABIT AG
Mergers - Acquisitions - Takeovers
Ratio of
exchange is set forth for merging ABIT AG and phinware AG;
extraordinary shareholders meeting on 12 December 2003 (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Meerbusch, 29 October 2003. ABIT AG and phinware AG have drafted an agreement on phinware AG merging with ABIT AG and have set forth the ratio of exchange as follows:
For the total of 238,792 shares of phinware AG, 2,972,536 bearer shares of ABIT AG are to be issued to phinware AGs sole shareholder GFKL Financial Services AG of Essen whereby each individual share represents a prorated amount of EUR 1.00 of the share capital of ABIT AG. To this end ABIT AG plans a capital increase of EUR 2,972,536.00 by issuing 2,972,536 bearer shares, each in a prorated amount of EUR 1.00 of the share capital of ABIT AG, thereby raising its share capital from EUR 5,415,548.00 to EUR 8,388,084.00.
In todays meeting, the supervisory board of ABIT AG has approved the draft agreement.
The ABIT AG shareholders meeting, which is to decide on the merger and the capital increase it requires, is to be held in Düsseldorf at 10 AM on 12 December 2003. The shareholders meeting of phinware AG is scheduled for 11 December 2003.
end of announcement euro adhoc 29.10.2003
Further inquiry note:
Herr Sven Kamerar
Head of Corporate Communications
Phone: +49 (0)2150 9153 898
E-Mail: investor@abit.de
Branche: Software
ISIN: DE0005122501
WKN: 512250
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade