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Scholz & Friends AG

euro adhoc: Scholz & Friends AG
Principal shareholder of SCHOLZ & FRIENDS AG discloses amount of cash compensation (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Berlin, March 24, 2004 - SCHOLZ & FRIENDS Holding GmbH, the principal
shareholder of SCHOLZ & FRIENDS AG, today disclosed the amount of the
cash compensation which minority shareholders are to receive as part
of the planned squeeze out procedure. The cash compensation will
amount to a total of EUR 2.20 for each SCHOLZ & FRIENDS share.
On September 12, 2003, SCHOLZ & FRIENDS Holding GmbH submitted a
request within the meaning of Section 327a Paragraph 1 of the German
Stock Corporation Act to the Management Board of SCHOLZ & FRIENDS AG
to have the General Meeting of Shareholders approve the transfer of
the shares held by the minority shareholder to SCHOLZ & FRIENDS
Holding GmbH in return for an appropriate cash compensation. SCHOLZ &
FRIENDS Holding GmbH holds 97.07% of the shares and voting rights in
SCHOLZ & FRIENDS AG. The resolution is due to be adopted at the
statutory General Meeting of SCHOLZ & FRIENDS AG on May 6, 2004.
end of announcement        euro adhoc 24.03.2004

Further inquiry note:

Stefanie Frey
Tel.: 030/590053-114
stefanie.frey@s-f.com

Branche: Advertising
ISIN: DE0006972805
WKN: 697280
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: Scholz & Friends AG
Plus de actualités: Scholz & Friends AG
  • 29.11.2002 – 20:22

    euro adhoc: Scholz & Friends AG / Scholz & Friends management satisfied with restructuring (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Berlin, 29 November 2002 - Scholz & Friends AG’s programme for restructuring itself as a pan-European communication services company is proceeding according to plan. In the generally weak situation on the communication market, the company’s management ...