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Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Agreement reached on full debt relief (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Taucha, 29 June 2004 • LINTEC Information Technologies AG (Securities
Code Number/ISIN DE0006486004) has thanks to a wide-ranging
transaction achieved the far-reaching restructuring of its financing
and liabilities with effect from 28 June 2004. The transaction
involves the sale of LINTEC’s 86.25% shareholding in its VC arm, MVC
Mitteldeutsche Venture Capital AG, Taucha, to DKB Finance GmbH,
Berlin, the complete debt relief of LINTEC Information Technologies
AG from short-term credit amounting to about EUR7 million provided by
a pool of banks, LINTEC’s relief from the EUR12.8 million guarantee
for loans issued by DKB Deutsche Kreditbank AG, Berlin, and the full
debt relief of rfi mobile technologies AG, Mönchengladbach, from
these DKB loans. Loans issued by other members of the banking pool
had previously been redeemed by DKB.
All the parties involved have agreed to disclose neither the purchase
price for the MVC shareholding nor the valuation of the other
elements of the transaction on which agreement was based.
As a result of this transaction, the LINTEC Group’s negative equity
at the end of 2003 and in Q1/2004 is now positive again. Furthermore,
the equity of the individual company LINTEC Information Technologies
AG, which in the past was always positive, has now been considerably
strengthened.
In the view of the Management Board, this marks the fulfilment of one
of the key conditions for the restructuring of LINTEC. Under its
"3-pillar strategy", LINTEC is now concentrating on the three
following areas: production and service, business IT, and its own IT
accessories and consumer electronics. Relieving the company of its
biggest single headache, this transaction (to quote LINTEC’s
Management Board and Supervisory Board) "opens up new prospects".
end of announcement        euro adhoc 30.06.2004

Further inquiry note:

MarCom
Tel. ++49/0 34298/71607
E-Mail: aktie@lintec.de

Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: Lintec Computer AG
Plus de actualités: Lintec Computer AG