d+s europe AG

euro adhoc: D+S europe AG
Restructuring & Recapitalisations
Ad hoc release pursuant to §15 WpHG D+S europe AG: Details agreed relating to capital increases by more than 9.5 million shares for takeover of dtms AG

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HAMBURG, June 24, 2005. The Management Board of D+S europe AG (ISIN: DE0005336804), the leading service provider for distribution and customer process management, has stipulated the details of the cash capital increase agreed at the general meeting of June 7, 2005 with the approval of the Supervisory Board. In addition, a further volume of new shares of up to 0,23 million are to be sourced from the company's authorized capital. The total of up to 9.73 million new shares carrying a dividend as of January 1, 2005 will be issued at a price of EUR 3.50 each. The company's capital stock will therefore be increased from EUR 15,144,371 to a maximum of EUR 24,874,371.

D+S will grant subscription rights to its shareholders as well as bearers of the 2003/2005 convertible bond issue: a new share can be purchased for every 1.6 legacy D+S shares as well as for convertible bonds with a face value of EUR 1.60 each. Subscription rights for fractional amounts are excluded. The subscription period will run from July 7, 2005 through July 20, 2005.

In view of positive signals from the capital market, the company anticipates that this stock issue will meet with significant interest. If fully subscribed, it will generate an inflow of EUR 34 million before issuing costs; this will primarily serve to finance the takeover of dtms - Deutsche Telefon- und Marketing Services AG. The additional funding will be arranged by way of a structured third-party financing deal as well as by issuing a further 2.1 million shares against a non-cash contribution in kind in the third quarter of 2005. Taking the financing costs and the creation of new shares into account, the acquisition of dtms AG is expected to generate an annual profit per share of 20 cents in 2005, 38 cents in 2006 and 50 cents in fiscal 2007.

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ots Originaltext: d+s online AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
D+S europe AG, Kapsatdring 10, 22297 Hamburg
Investor Relations, Telefon: +49.40.4114-3331

Branche: Media
ISIN:      DE0005336804
WKN:        533680
Börsen:    Frankfurter Wertpapierbörse
                Berliner Wertpapierbörse
                Hamburger Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Börse Düsseldorf
                Niedersächsische Börse zu Hannover
                Bayerische Börse
                Bremer Wertpapierbörse (BWB)

Weitere Meldungen: d+s europe AG

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