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Abonner PrimaCom AG

PrimaCom AG

euro adhoc: PrimaCom AG
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Further restructuring measures of the PrimaCom AG

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
15.11.2005
1.      At today's supervisory board meeting of PrimaCom AG Mr.
Manfred Preuß was appointed to the management board of the company
effective December 1, 2005.
2.     Mr. Wolfgang Preuß will resign from management board effective November
30. 2005, if the conditions precedent of the contract with the Second Secured
Lenders from October 12/13, 2005 is fulfilled until November 30, 2005. In this
case Wolfgang Preuß will be available for the company for at least another year
as a consultant.
3.     Furthermore the supervisory board members Christian Kleinsorge and Erwin
Kleber have resigned from supervisory board effective November 30, 2005. The
resignation are requested by the new financing banks to allow the major
shareholder of the company, Liberty Global Inc., the occupancy of two
supervisory board seats.
4.     Liberty Global Inc. has already declared its principal willingness for
the occupancy of two supervisory board seats, after the closing on November 30,
2005.
The company further believes from that it will fulfill the closing
conditions by November 30, 2005. In today’s meeting the supervisory
board has made the necessary decisions concerning the credit
facilities. Nevertheless, the final success of the restructuring is
not guaranteed until all necessary conditions are fulfilled by
November 30, 2005.
PrimaCom AG
Management Board
end of announcement                               euro adhoc 15.11.2005 19:48:38

Further inquiry note:

Investor Relations
Telefon: +49(0)6131 944 522
E-Mail: investor@primacom.de

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard

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