EANS-Adhoc: Kapsch TrafficCom subscribes for new shares to get majority in South African TMT
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
09.04.2010
Vienna, April 9, 2010. Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, indirectly subscribes for new shares in TMT Services and Supplies (Proprietary) Limited (TMT) representing 51.43% of the increased share capital of TMT. The subscription consideration is Rand 75 million (approximately EUR 7.4 million).
Among its shareholding in various subsidiaries, TMT is a 35% participant in the Electronic Toll Collection joint venture (ETC), in which Kapsch TrafficCom holds the remaining 65%, which is the venture to which the contract for the implementation and operations of a multi-lane free-flow tolling system (also known as open road tolling - ORT) in the Gauteng province (GORT system) in South Africa has been awarded to by the South African National Roads Agency Ltd (SANRAL) in September 2009.
All of the existing shareholders of TMT, which includes the three founders of the company and Matemeku TMT (Proprietary) Limited, a black economic empowerment investor, will remain shareholders in TMT.
The injection of new equity into TMT and the presence of Kapsch TrafficCom as a strategic shareholder should place TMT in a strong position to take advantage of existing and upcoming opportunities that are expected to become available in the Southern African market.
TMT Services and Supplies (Proprietary) Limited is one of the leaders in the design, development, deployment, maintenance and operation of transport management solutions in South Africa. TMT commenced operations during 2003 and since then has secured a number of long-term traffic management contracts in South Africa including but not limited to speed enforcement contracts with the City of Johannesburg and Mpumalanga Province (the first end-to-end full service contract awarded at South African provincial level). The identified business sector of TMT is the provision of transport technology infrastructure, systems, solutions and related operational services, collectively known as Intelligent Transport Systems, required by all three tiers of government and in limited cases the private sector. The offering of these transport solutions includes the planning, design, development, servicing, and operation. TMT´s current focus is on the Southern African market. The TMT management team has extensive experience in traffic management, specifically in South Africa, where they have gained valuable experience over the last three decades. With its more than 400 employees, TMT generated consolidated revenues of Rand 175.6 million (approximately EUR 17.4 million) at an operating profit of Rand 40.7 million (approximately EUR 4 million) in the fiscal year 2009, ending 28 February 2009. For more information on TMT, please visit www.tmtservices.co.za.
Kapsch TrafficCom is an international supplier of innovative road traffic telematics solutions. Its principal business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free-flow (MLFF) of traffic, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With more than 230 references in 38 countries in all 5 continents, and with more than 16 million delivered on-board units (OBUs) and 12,000 equipped lanes, Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 23 countries.
Disclaimer
This ad-hoc release constitutes neither an offer to sell nor a solicitation to buy any securities.
This ad-hoc release and the information it contains are not for
publication in the United States of America (U.S.A.) and may not be
distributed to U.S. persons (as defined in Regulation S of the U.S.
Securities Act ("Securities Act") of 1933, as amended) or to
publications with a general circulation in the U.S.A. This stock
exchange announcement does not constitute an offer for the sale of
securities or solicitation of an offer to purchase securities in the
U.S.A. The securities of Kapsch TrafficCom AG have not been
registered under the provisions of the Securities Act and may not be
offered, sold or delivered to U.S. persons without prior registration
under or exemption from the registration requirements.This ad-hoc release is exclusively addressed to persons (i) outside
the United Kingdom, or (ii) who are investment professionals for the
purposes of article 19(5) U.K. Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the "Order"), as amended, or
(iii) who are included under article 49(2)(a)-(d) of the Order ("high
net worth companies, unincorporated associations, etc.). All such
persons are hereinafter referred to as "Relevant Persons". No person
who is not a Relevant Person may take action on the basis of this
press release or the information contained herein or rely thereon.
Investment or investment activities in connection with this press
release are only available to Relevant Persons, and investment
business will only be transacted with Relevant Persons.end of announcement euro adhoc
Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net
www.kapschtraffic.com
Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime Market
Börsen: Wien / official market