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PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Restructuring & Recapitalisations / Pandatel: Board approves authorized capital increase (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Pandatel AG, Hamburg, has decided to increase its authorized capital
by 9.28 % or 670,806 par value shares. They are issued in bearer form
having a par value of EUR 1.00 per share. This is done in accordance
with the articles of association excluding subscription rights for
existing shareholders. The new shares constitute part of the purchase
price owing to the acquisition of Lightmaze Solutions AG. On August
19, 2004, the supervisory board approved the decision of Pandatel’s
management board reached on August 18, 2004. Listed on the Prime
Standard segment of the Frankfurt Stock Exchange, the company thus
realizes a capital influx of EUR 2,160,000 resulting from the capital
increase. The issuing price was EUR 3.22. It is based on the average
XETRA closing price of the Pandatel share during the five working
days prior to signing the purchase contract (May 28, 2004). The
capital stock of Pandatel AG increases from EUR 7,225,000 by EUR
670,806 to EUR 7,895,806.
The new shares are given to the Lightmaze Board Dr.-Ing. Elke Jahn
und Dr.-Ing. Niraj Agrawal in equal shares. Meanwhile, both were
appointed to the management board of Pandatel AG. In doing so, both
Lightmaze founders confirm their commitment to and their confidence
in Pandatel AG. Due to the successful integration of Lightmaze,
Pandatel AG significantly reinforces its own product range as regards
Optical Systems. By combining their traditional network technologies
with Lightmaze’s intelligent switch and multiplexer technique, they
are creating new opportunities for access, metro, storage and
regional networks. Thus, Pandatel AG is expanding its position as
universal equipment provider in order to consolidate its status in
the future boom regions.
end of announcement        euro adhoc 23.08.2004

Further inquiry note:

Christina Kunze | Pandatel AG
Fasanenweg 25 | 22145 Hamburg | Germany
Phone: +49-40-644 14 187
Fax: +49-40-644 14 108
Email: ir@pandatel.com

Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: PANDATEL AG i.A.
Plus de actualités: PANDATEL AG i.A.