PrimaCom AG

euro adhoc: PrimaCom AG
PrimaCom AG and Omega I S.à r.l. sign domination agreement

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PrimaCom AG, Mainz ("PrimaCom"), as the dominated entity, entered into domination agreement with its primary shareholder Omega I S.à r.l., Luxembourg ("Omega") as the controlling entity. PrimaCom's supervisory board and the Omega shareholders´ meeting approved the domination agreement on July 14, 2008. The agreement will take effect once it has been agreed upon by the PrimaCom shareholders´ meeting and has been entered into the commercial register of the company.

Pursuant to the domination agreement, Omega will pay to the PrimaCom minority shareholders for the duration of the domination agreement a guaranteed dividend of 0.71 Euro gross (present net of 0.65 Euro) per PrimaCom share as compensation for every full fiscal year. Further, Omega has undertaken pursuant to the domination agreement to pay all minority shareholders of PrimaCom who decide to tender their shares because of the conclusion of the domination agreement 7.72 Euro per share in cash. The obligation of Omega to compensate for tendered shares is limited to two months after the agreement has been entered in the commercial register of PrimaCom (subject to a prolongation because of a judicial appraisal procedure).

All PrimaCom shareholders who accept Omega's offer within 45 days of the registration of the agreement with the commercial register will also receive a one-time, discretionary, special compensation from Omega in the amount of 1.18 Euro per PrimaCom share, making the total amount per PrimaCom share 8.90 Euro.

PrimaCom executive board and the executives of Omega jointly determined the amount of the compensation on the basis of the expert valuation of PricewaterhouseCoopers Wirtschaftsprüfungsgesellschaft, Frankfurt/Main dated July 14, 2008. Auditing company LKC TREUBEG mbH of Grünwald, assigned by the Mainz District Court on May 20, 2008 as the independent auditor, confirmed the adequacy of the compensation. The general shareholders´ meeting, where the matter of the domination agreement will be decided, is planned for August 28/29, 2008. Further details will be duly released.

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ots Originaltext: PrimaCom AG
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Investor Relations
Telefon: +49(0)6131 944 522

Branche: Telecommunications Equipment
ISIN:      DE0006259104
WKN:        625910
Börsen:  Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade
              Börse Frankfurt / regulated dealing/general standard

Weitere Meldungen: PrimaCom AG

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