euro adhoc: other
ComBOTS AG: Contribution of parts of the United Internet
shareholding to an affiliated company - Reclassification as financial investment
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
27.12.2007
Karlsruhe/Germany, December 27, 2007. ComBOTS AG announces that, based on today´s decision by the Executive Board and Supervisory Board, it is to contribute 17 million out of its total of 23.2 million shares in United Internet AG to ComBOTS International GmbH, Karlsruhe, a wholly owned affiliate - through ComBOTS Product GmbH. A decision will be taken in due time about the contribution value of the shares in the commercial balance sheet as of December 31, 2007 involving a possible realization of hidden reserves in the commercial balance sheet 2007 of ComBOTS AG. At the same time, the company announces that the entire shareholding of the Group in United Internet is qualified as a pure financial investment whose economic development is continuously reviewed against the backdrop of the capital market situation.
Explanations: Since the divestiture of its Portal business in 2005 ComBOTS AG has held a total of 23.2 million shares in United Internet AG with a carrying value of EUR 6.65 per share in the commercial balance sheet. Based on current share prices (Xetra closing price on December 21, 2007: EUR 16.62), the contributed 17 million shares currently include hidden reserves of EUR 169.5 million.
end of announcement euro adhoc
Further inquiry note:
Investor Relations:
Silvia Teschner
Tel. +49 721 5160 2701
investor.relations@combots.com
Public Relations:
Oliver Schwartz
Tel. +49 721 5160 2222
public.relations@combots.com
Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade