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Announcement of takeover offer to shareholders of Beta Systems Software AG
Berlin (ots) - The Management Board of Beta Systems Software Aktiengesellschaft ("Beta Systems") has taken cognizance of the announcement by net.IPO Aktiengesellschaft (in future, trading under the name of Delta Beteiligungen Aktiengesellschaft) that it intends to acquire shares in Beta Systems (ISIN: DE 0005224406) as part of a public takeover offer.
net.IPO Aktiengesellschaft has announced that, subject to specific preconditions, it will offer as its purchase consideration 3.5 bearer shares in net.IPO Aktiengesellschaft with a notional par value of EUR 1.00 each ("Stammaktien") and dividend entitlement effective from January 1, 2005, in addition to a cash payment of EUR 3.00 per share in Beta Systems Software AG. This offer is subject to the proviso that, following a capital increase in the amount of EUR 750,000 already concluded, the Extraordinary Shareholder Meeting of net.IPO Aktiengesellschaft yet to be convened agrees to an increase in share capital by up to EUR 15,503,733.00, taking it from EUR 6,000,000.00 to a maximum of EUR 21,503,733.00, by issuing up to 15,503,733 new no-par value bearer shares in net.IPO Aktiengesellschaft. With the exception of its purchase consideration, net.IPO Aktiengesellschaft has furnished no details whatsoever regarding the takeover offer and the strategy it wishes to pursue. net.IPO Aktiengesellschaft is a company in which Deutsche Balaton Aktiengesellschaft holds a majority interest. Based on current data available, the latter holds approx. 829,000 shares in Beta Systems, which corresponds to an ownership interest of 18.7%.
The information currently available to the Management Board of Beta Systems is not sufficient for the purpose of making an assessment of the takeover offer at this moment in time. Upon receipt of the full offer-related documents and having taken into consideration the interests of the Company, the Management Board will issue an appropriate statement and put forward its recommendation to shareholders.
Beta Systems Software AG The Management Board
About Beta Systems Software AG, Berlin, Germany
Beta Systems Software AG (Deutsche Boerse - Prime Standard: BSS, ISIN DE0005224406) is a leading supplier of infrastructure software for enterprise critical applications for the automation and protection of business processes. Beta Systems provides software in the following areas: Identity Management (IDM), Enterprise Content Management (ECM) and Data Center Infrastructure (DCI). All Beta Systems' solutions are able to manage high-volumes of information and throughput. They secure business critical data and help achieve compliance by addressing regulatory requirements. The ECM product range includes scanners and sorters from Kleindienst - a brand owned by Beta Systems Software AG.
Beta Systems has been listed on Deutsche Boerse (German stock exchange) since 1997 and employs 750 people. The company has 15 subsidiaries worldwide, as well as numerous business partners. Beta Systems' worldwide customer base comprises more than 1000 customers including IT service providers and large organizations from the fields of finance and insurance, manufacturing, commerce, telecommunications, logistics and energy supply, along with public sector organizations. For further information please visit: www.betasystems.com.
ots Originaltext: Beta Systems Software AG
Beta Systems Software AG