Medion AG

EANS-Adhoc: MEDION AG
Conclusion of a domination and profit and loss transfer agreement - Determination of a compensation of EUR 13.00 per share

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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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Contracts

25.10.2011

MEDION AG: Ad-hoc-announcement pursuant to section 15 of the German Securities
Trading Act (WpHG)

MEDION AG: Conclusion of a domination and profit and loss transfer agreement -
Determination of a compensation of EUR 13.00 per share


Essen, 25 October 2011 - MEDION Aktiengesellschaft as controlled company and
Lenovo Germany Holding GmbH, an indirect wholly-owned subsidiary of Lenovo Group
Ltd., as controlling company today entered into a domination and profit and loss
transfer agreement. 

The agreement provides for a cash compensation offer pursuant to Section 305 of
the German Stock Corporation Act (AktG) in the amount of EUR 13.00 per share and
a guaranteed dividend pursuant to Section 304 of the German Stock Corporation
Act (AktG) in the amount of EUR 0.82 gross per share (EUR 0.69 net per share).
These payment obligations will be additionally secured by a letter of comfort
issued by Lenovo (Singapore) Pte. Ltd., an indirect wholly-owned subsidiary of
Lenovo Group Ltd.

The cash compensation offer according to Section 305 of the German Stock
Corporation Act (AktG) and the guaranteed dividend pursuant to Section 304 of
the German Stock Corporation Act (AktG) are based on an expert valuation
prepared by KPMG Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Berlin
("KPMG"). According to the results of the valuation by KPMG, the company value
(Unternehmenswert) of MEDION Aktiengesellschaft amounts to approx. EUR 521.17
million, which is equivalent to a value of EUR 11.67 per share. The average
share price of MEDION shares during the relevant three months period prior to
the publication of the intention to enter into a domination and profit and loss
transfer agreement on 29 July 2011 as determined by the German Federal Financial
Supervisory Authority (BaFin) amounts to EUR 12.31 per share. The management of
Lenovo Germany Holding GmbH has nevertheless decided to agree with MEDION
Aktiengesellschaft on a compensation in the amount of EUR 13.00 per share
provided in the domination and profit and loss transfer agreement. This amount
corresponds to the offer price paid by Lenovo Germany Holding GmbH to MEDION
shareholders under the voluntary public takeover offer.

The domination and profit and loss transfer agreement requires the approval of
an extraordinary general meeting of MEDION Aktiengesellschaft, which will
presumably take place on 14 December 2011.

Essen, 25 October 2011

MEDION Aktiengesellschaft
The Executive Board


Further inquiry note:
Investor Relations
Tel.: +49(0)201 83836501
E-Mail: aktie@medion.com

end of announcement                               euro adhoc 
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issuer:      MEDION AG
             Am Zehnthof 77
             D-45307 Essen
phone:       +49(0)201 83836500
FAX:         +49(0)201 83836510
mail:     aktie@medion.com
WWW:      http://www.medion.com
sector:      Technology
ISIN:        DE0006605009
indexes:     
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, Hannover, München 
language:   English
 



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