EANS-Adhoc: Versatel AG
Initiation of squeeze-out procedure
02.08.2011 – 16:38
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 02.08.2011 02.08.2011 Ad-hoc-announcement pursuant to sec.15 para. 1 sentence 1 WpHG Initiation of squeeze-out procedure Today, VictorianFibre Holding GmbH, Düsseldorf, Germany, submitted to the Management Board of Versatel AG, Berlin, Germany (ISIN DE000A0M2ZK2/ WKN A0M2ZK), a formal request according to sec. 327a German Stock Corporation Act (Aktiengesetz-AktG) for a resolution to be passed at a General Meeting of the company´s shareholders to transfer shares held by the remaining shareholders (minority shareholders) to VictorianFibre Holding GmbH as majority shareholder in return for an adequate cash compensation (so-called squeeze-out). This measure is subject to approval of a General Meeting of Versatel AG. The relevant resolution is to be passed at a separate Extraordinary General Meeting which is expected to take place before the end of 2011. VictorianFibre Holding GmbH holds more than 98 % of the issued share capital of Versatel AG and therefore is the majority shareholder of the company according to section 327a para. 1 sentence 1 AktG. Berlin, 2nd of August 2011 The Management Board Further inquiry note: Steffen Vogel Rechtsabteilung Tel:: +49 (0)211 52283 556 E-Mail: steffen.vogel@versatel.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Versatel AG Aroser Allee 72 D-13407 Berlin mail: ir@versatel.de WWW: http://www.versatel.de sector: Telecommunications ISIN: DE000A0M2ZK2 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt language: English