EANS-Adhoc: Review of the conversion ratio associated with the merger of S&T
System Integration & Technology Distribution AG into the former Quanmax AG,
which is now S&T AG
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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other/Review of the conversion ratio
30.04.2013
Linz, April 30, 2013 S&T AG received today the notification from the State Court
of Linz that an appraisal will be made by the commission, in accordance with §
225g of the Stock Act (AktG), charged with the reviewing of the conversion ratio
associated with the merger of S&T System Integration & Technology Distribution
AG into the former Quanmax AG, which is now S&T AG. This merger was entered on
December 12, 2012 in the corporate registry of S&T AG.
The conversion of the shares of the former S&T System Integration & Technology
Distribution AG into those of the former Quanmax AG was undertaken at a ratio of
200 : 259. Few shareholders asked for a review of this ratio of conversion. In a
letter dated April 23, 2013, S&T AG stated its position on this matter to the
court. As stipulated in the applicable regulations, a term for the expression of
position was granted to the placer of the motion and to those representatives
appointed, in accordance with § 225f of the AktG, to maintain the the rights of
those shareholders that did not lodge a motion for a review of the conversion
ratio. Upon expiry of this term, an appraisal will be secured from the
commission appointed by the court to review the conversion ratio, in accordance
with §225g of the AktG.
About S&T AG:
S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), formerly Quanmax AG, is listed on
the Prime Standard market of the Frankfurt Stock Exchange. The company has 1,500
employees, and maintains offices in 19 countries in Central and Eastern Europe.
This makes S&T of the three largest providers of IT systems in the region. S&T's
assets include the breadth of its portfolio of products and proprietary
technologies. This portfolio is offered through Central and Eastern Europe.
Further inquiry note:
ir@snt.at; +437327664150;
end of announcement euro adhoc
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issuer: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43(732)7664-0
FAX: +43(732)7664-801
mail: kontakt@quanmax.ag
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English