euro adhoc: PANDATEL AG
Mergers - Acquisitions - Takeovers
Ad hoc disclosure
pursuant to Art. 15 WpHG
Dowslake Venture Ltd. acquries outstanding shares in Pandatel AG from Augusta
Technnologie AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
02.01.2006
Hamburg, January 02, 2006. As announced with Ad hoc disclosure dated November 19, 2005 and disclosed to Pandatel AG as of today, Dowslake Venture Ltd. acquires the remaining 20.98% of the shares in Pandatel AGs share capital from Augusta Technologie AG. In doing so, Dowslake Venture Ltd. exercised the option agreement of November 18, 2005, and Augusta Technologie AG thus terminates its interest in Pandatel AG. This transaction has set the course for a successful restructuring and reorientation of the enterprise, which has started in November 2005.
About Pandatel Pandatel is a German corporation based in Hamburg. Pandatel was formed in 1988 as Pan Dacom Telekommunikation GmbH. It went to public at Frankfurt Prime standard in November 1999. Pandatel provides Ethernet and data connectivity, multiplexing, and protocol conversion products such as Ethernet copper or fiber optic converters and multiplexers, Ethernet-over- SDH/Sonet, SDH/Sonet-over-Ethernet, and optical multi-wavelength transport products for enterprise customers. Pandatel currently sells its products through its regional offices and subsidiaries in France, UK, and Singapore. The companys current operations, product strategy will be reviewed during the restructuring. OEM partnership such as Dowslakes business model will be explored to expand market presence. For more information about Pandatel, please visit www.pandatel.com
end of announcement euro adhoc 02.01.2006 16:23:43
Contact:
Investor Relations
Christina Kunze | Pandatel AG
Bargkoppelstieg 14 | 22145 Hamburg | Germany
Phone: +49-40-644 14 187
Fax: +49-40-644 14 108
Email: ir@pandatel.com
Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade