InfoGenie Europe AG

euro adhoc: InfoGenie Europe AG
Financing, Stock Offerings
InfoGenie proposing capital measures to shareholders to streamline the enterprise (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Berlin, July 8, 2002 - The Board of Management of InfoGenie Europe AG (SIN 530990) listed on the Neuer Markt segment of the Frankfurt Stock Exchange today reported the loss of half of the company’s capital stock and convened a General Meeting to be held August 28, 2002. The announcement became necessary following an interim audit as at May 31 commissioned by new Board member Thomas Dehler (appointed in May), which revealed a deficit from the operating business amounting to EUR 836 k. Together with the loss of EUR 5,624 k brought forward from previous financial years, this exceeds half of the company’s capital stock. "In light of the current economic situation and the difficult industry environment for call centers and IT support services, cost structures need to be adjusted to achievable revenue trends", Dehler explains. To streamline the enterprise, the Board of Management and the Supervisory Board have therefore proposed a simplified capital reduction to the shareholders, to be followed immediately afterwards by a capital increase. In doing so, the company is consistently continuing its restructuring launched in the fall of 2001. Accordingly, the Board of Management and the Supervisory Board also anticipate the approval of the shareholders concerning the measures proposed. As far as the capital reduction is concerned, the proposal is for the company’s capital stock to be reduced at a ratio of 6:1 from a present EUR 6,353,683 to EUR 1,058,947. For the subsequent capital increase, the Board of Management and Supervisory Board propose increasing the reduced capital stock of the company against a cash contribution of up to EUR 1,058,947 by issuing up to 1,058,947 new bearer shares with a notional par value of EUR 1 each. The shares are planned to be offered to the shareholders for subscription at an issue price of EUR 1. The company's management is convinced that once the capital measures have been successfully implemented, this will pave the way for a sustained corporate development and thus secure the company's long-term existence. end of announcement euro adhoc 08.07.2002 --------------------------------------------------------------------- Further inquiry note: Inquiries: Bernd Wilmer Director Communications phone: +49.(0)30.726102-122 fax: +49.(0)30.726102-199 email: presse@infogenie.com Branche: Telecommunications Services ISIN: DE0005309900 WKN: 530990 Börsen: Baden-Württembergische Wertpapierbörse / free trade Bayerische Börse / free trade Börse Düsseldorf / free trade Bremer Wertpapierbörse (BWB) / free trade Hamburger Wertpapierbörse / free trade Handelsüberwachung der Berliner Wertpapierbörse / free trade Niedersächsische Börse zu Hannover / free trade Frankfurter Wertpapierbörse / Neuer Markt

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