euro adhoc: PANDATEL AG
Board of Directors (Appointments and Changes)
Ad hoc
disclosure pursuant to Art. 15 WpHG
CFO Thomas Becker to leave at the end of April 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
28.02.2006
Hamburg, February 28, 2006. PANDATEL AG (ISIN DE0006916307), listed on the Frankfurt Stock Exchange (Prime Standard), announces that, after completing his tasks, Mr. Thomas Becker, who joined the company in August 2005, plans to cease to be interim Management Board Member of the company effective as of April 30, 2006.
Mr. Becker came to Pandatel at a challenging time with the mission to find new strategic direction. He was significantly involved in the introduction of its new major shareholder, Dowslake Venture Ltd, and was instrumental in planning and initiating the restructuring of the enterprise and the upcoming contribution of Dowslake Microsystems Corp. into PANDATEL AG. After the fulfillment of his engagement, Mr. Thomas Becker will continue to act as a consultant for PANDATEL AG, in order to promote its strategic reorientation in Germany.
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, Spain, and Singapore.
end of announcement euro adhoc 28.02.2006 17:50:58
Further inquiry note:
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
Internet: www.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