euro adhoc: PrimaCom AG
other
Further restructuring measures of the PrimaCom
AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
15.11.2005
1. At today's supervisory board meeting of PrimaCom AG Mr. Manfred Preuß was appointed to the management board of the company effective December 1, 2005.
2. Mr. Wolfgang Preuß will resign from management board effective November 30. 2005, if the conditions precedent of the contract with the Second Secured Lenders from October 12/13, 2005 is fulfilled until November 30, 2005. In this case Wolfgang Preuß will be available for the company for at least another year as a consultant. 3. Furthermore the supervisory board members Christian Kleinsorge and Erwin Kleber have resigned from supervisory board effective November 30, 2005. The resignation are requested by the new financing banks to allow the major shareholder of the company, Liberty Global Inc., the occupancy of two supervisory board seats. 4. Liberty Global Inc. has already declared its principal willingness for the occupancy of two supervisory board seats, after the closing on November 30, 2005.
The company further believes from that it will fulfill the closing conditions by November 30, 2005. In todays meeting the supervisory board has made the necessary decisions concerning the credit facilities. Nevertheless, the final success of the restructuring is not guaranteed until all necessary conditions are fulfilled by November 30, 2005.
PrimaCom AG Management Board
end of announcement euro adhoc 15.11.2005 19:48:38
Further inquiry note:
Investor Relations
Telefon: +49(0)6131 944 522
E-Mail: investor@primacom.de
Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Börsen: Berliner Wertpapierbörse / 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
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
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