euro adhoc: ComBOTS AG
other
ComBOTS enters into settlements
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Litigation & Regulations
02.10.2007
Karlsruhe/Germany, October 2, 2007. ComBOTS AG, Karlsruhe, today has entered into two out-of-court settlement agreements with a shareholder. Hence, the pending actions for rescission and nullity in respect of resolutions of the Annual General Meeting on July 13, 2006 and July 19, 2007, have been withdrawn.
Within the framework of the settlement, ComBOTS AG undertakes to make use of the existing empowerment to buy back own shares insofar, that until June 30th, 2008, 8% of the capital(i.e. 2.772.116 shares)- taking into account the shares already owned - are to be acquired, in order to subsequently cancel them. Currently the ComBOTS AG holds 228.300 own shares (as of September 30, 2007) from the ongoing buyback program. The obligation for the buyback of shares namely expires as soon as the share price of ComBOTS AG (XETRA) exceeds the price of 13,35 Euro, measuered on a daily average basis for a duration more than 5 subsequent trading days. This approximates the value of cash and cash equivalents (incl. tradable securities) per share as of August 31, 2007.
Furthermore, ComBOTS AG undertakes to continue the information policy towards its shareholders, followed before and at the annual shareholder meeting 2007, also at the annual shareholder meeting 2008.
end of announcement euro adhoc 02.10.2007 13:39:07
Further inquiry note:
Investor Relations:
Silvia Teschner
Tel. +49 721 5160 2701
investor.relations@combots.com
Public Relations:
Oliver Schwartz
Tel. +49 721 5160 2221
public.relations@combots.com
Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade