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PrimaCom AG

euro adhoc: PrimaCom AG
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Stockholder charge against the PrimaCom AG/Unter other the Company should terminate the contract with the Second Secured Lenders

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
15.06.2005
A shareholders’ lawsuit has been filed against PrimaCom AG. The court
has been asked to declare that PrimaCom AG should not be bound to 
uphold the commitments of the second secured facility agreement 
which, according to the claimants, is an interference in PrimaCom 
AG’s company structure and also an interference in shareholders’ 
rights.
With the claim PrimaCom AG should be obliged to terminate the 
contract with the second secured lenders. Furthermore it should be 
determined that the second secured facility agreement (SSFA) 
represents a Control Agreement which would result in the contracting 
partners of the SSFA, among them the J.P.Morgan Chase bank, companies
of the Blackstone and the Apollo, both so-called " private equity 
enterprises ", being obliged to compensate PrimaCom AG for losses 
incurred during the term of the agreement.
Furthermore it should be declared that the contracting partners of 
the SSFA are obliged to compensate the company for damages which have
arisen or arise from from causing PrimaCom to undertake 
disadvantageous legal transactions or other measures or which have 
arisen or arise through the withholding of approval of transactions 
which are in the Company’s interest. Additionally the claim should  
declare that for the purposes of §117 of the German stock corporation
law the organs of PrimaCom AG (Management & Supervisory Boards) have 
been and are still being held bound to fulfil disadvantageous clauses
of the SSFA.  Finally for the purposes of §117 German stock 
corporation law it should be declared that the contracting partners 
of the SSFA originally caused the organs of the company (Management &
Supervisory Boards) to enter into the SSFA.
end of announcement                               euro adhoc 15.06.2005 15:22:10 

Further inquiry note:

Investor Relations
Tel.: +49 (0) 6131 - 944 522
Fax: +49 (0) 6131 - 944 508
E-mail: investor@primacom.de

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Börsen: Frankfurter Wertpapierbörse
Berliner Wertpapierbörse
Hamburger Wertpapierbörse
Baden-Württembergische Wertpapierbörse
Börse Düsseldorf
Niedersächsische Börse zu Hannover
Bayerische Börse
Bremer Wertpapierbörse (BWB)

Plus de actualités: PrimaCom AG
Plus de actualités: PrimaCom AG