euro adhoc: PANDATEL AG
Board of Directors (Appointments and Changes)
Becker now sole member of the Management Board - Dr. Elke Jahn and Dr. Niraj
Agrawal leave the Management Board
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Hamburg, October 14, 2005, Pandatel AG, (ISIN DE0006916307 - Prime Standard). Thomas Becker, so far Chief Financial Officer, is now sole responsible member of the Management Board for the operative management of Pandatel AG until further notice. Dr. Elke Jahn, so far COO of Pandatel AG, and Dr. Niraj Agrawal, so far CTO of Pandatel AG, leave the Management Board effective October 14, 2005. They both became members of Pandatel AGs Management Board in July 2004.
In the coming weeks, the Supervisory Board and the Management Board will thoroughly define the position for Pandatel AG and conduct a detailed survey on the strategic perspectives of the company. The environment for the supplier of fiber optic and network technology still looks difficult. In the first half of 2005, Pandatel AG (as reported earlier) suffered declining sales decreasing from EUR 7.4m (H1 2004) to EUR 5.9m (H1 2005). EBIT went down by 29 percent to minus EUR 7.2m.
end of announcement euro adhoc 14.10.2005 10:52:20
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Branche: Telecommunications Equipment
Index: Prime Standard, Prime All Share
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