euro adhoc: PANDATEL AG
other
Ad hoc Disclosure pursuant to Art. 15 WpHG
Hanover, February 14, 2008
Asset Deal Closed
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
14.02.2008
Hanover, February 14, 2008. Pandatel AG (ISIN DE0006916307 - General Standard, Frankfurt Stock Exchange). Pandatel AG has closed an asset sale agreement with Arcutronix GmbH, Hanover, which supervisory board approved on 13 February 2008. Arcutronix GmbH is financed by Keytronix, Austria. The Agreement was reached after tough negotiations and according to the agreement, Arcutronix will pay EUR 250,000.00 to purchase Pandatel's MACS4000, System 2100 and certain other stand-alone connectivity and last mile product rights together with remaining materials and production equipment. Via the purchase, Arcutronix assumes all customer and supplier obligations associated with purchased product rights.
The sold product rights comprise the majority of products and related obligations, which generated loss for Pandatel. However, they represent a fraction only of Pandatel's total assets. The remaining unsold product rights such as YUMIX, SMUX, CMUX, and COP were not part of the deal due to long term customer obligations.
end of announcement euro adhoc
Further inquiry note:
Raik Packeiser
insignis GmbH
+49(0)511-33 65 15 30
Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade