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phion AG

EANS-Adhoc: phion AG
phion enters into strategic partnership with Barracuda Networks - Barracuda announces public tender offer - Core shareholders of phion AG sign agreement on the sale of their shares to Barracuda

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information/phion enters into strategic partnership with 
Barracuda Networks
16.07.2009
phion enters into strategic partnership with Barracuda Networks - 
Barracuda announces public tender offer - Core shareholders of phion 
AG sign agreement on the sale of their shares to Barracuda
phion AG, (FN 184392s), A 6020 Innsbruck, Eduard-Bodem-Gasse 1, 
listed on the mid market of Vienna Stock Exchange (ISIN 
AT0000PHION3), enters into a strategic partnership with Barracuda 
Networks, Inc., 3175 Winchester Blvd, Campbell, California 95008, 
United States of America. Barracuda is one of the world´s leading 
providers of Content Security Appliances, protecting organisations 
from threats posed by email, Web und Instant Messaging.
This partnership comprises a comprehensive OEM-agreement (Original 
Equipment Manufacturer Agreement) valid for three years. Under this 
agreement, Barracuda will exclusively sell phion-products in its own 
name in the USA, Canada, China, Japan, Mexico and Brasil.
At the same time, Barracuda announced its intention to launch a 
voluntary public tender offer for the purchase of all shares of phion
AG pursuant to Sec. 25a ÜbG and to offer EUR 12 per phion share. The 
tender offer will, amongst others, be subject to the condition that 
at the end of the offer period Barracuda will have been tendered at 
least 75% plus one share of phion´s voting stock. The 
phion-management takes a friendly position towards this offer. The 
core shareholders of the Company, Dr. Wieland Alge, Dr. Klaus 
Maximilian Gheri, and Dr. Peter Marte, together holding about 22% of 
the shares in the Company, signed an agreement on the sale of all of 
their shares to Barracuda Networks, Inc. The sale of the shares is 
subject to the conditions precedent that the voluntary public tender 
offer is completed successfully. The purchase price is also EUR 12 
per share. Details on the offer will be published within the 
statutory periods provided for by the Austrian Law on Takeovers 
(Übernahmegesetz). The management and the supervisory board will then
issue their statements on the offer.
For further information please contact:
Constanze Liebenau Eduard-Bodem-Gasse 1 Tel. +43 (0) 508 100 Email: 
c.liebenau@phion.com
Issuer:         phion AG
Eduard-Bodem-Gasse 1
A-6020 Innsbruck
Telephone:      +43 (0)508 100
FAX:            +43 (0)508 100 20
Email:           office@phion.com
WWW:            http://www.phion.com
ISIN:     AT0000PHION3
Stock Exchange:   Geregelter Freiverkehr of  Wiener Börse AG, Segment mid market
end of announcement                               euro adhoc

Further inquiry note:

For further information please contact:
Constanze Liebenau Eduard-Bodem-Gasse 1 Tel. +43 (0) 508 100 Email:
c.liebenau@phion.com

Branche: Computing & Information Technology
ISIN: AT0000PHION3
WKN:
Index: mid market
Börsen: Wien / Regulated free trade

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