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ADORI AG: Share purchase agreements with pre-IPO shareholders of GAP AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ADORI AG: Share purchase agreements with pre-IPO shareholders of GAP AG
Regensburg, 27 November 2002: ADORI AG, Regensburg, has signed share purchase
agreements with some of the pre-IPO shareholders of GAP AG to acquire a total of
14% of the shares in GAP AG für GSM Applikationen und Produkte (the full name
of the company). The sale of shares is a purely private transaction. The shares
will be transferred to ADORI AG on 4 December 2002. The parties to the deal have
agreed not to release any details regarding the modalities of the transaction.
Furthermore, ADORI AG has under certain conditions as a result of an option
contract the possibility to purchase an additional 7% stake in approximately one
year, and a further 7% of the shares in GAP AG in about two years. This means
that, in two years’ time, ADORI AG could have a 28% participating interest in
GAP AG für GSM Applikationen und Produkte.
By acquiring this participation in GAP AG, ADORI AG is taking another important
step within its reorientation programme. For ADORI AG, the business operations
of the Oberhaching-based company complement its own activities well with regard
to the future positioning of ADORI as a telecommunications service provider. In
the weeks ahead, ADORI AG will provide information about additional steps it is
taking as part of its broader reorientation.
The Board of Management
For further information, contact:
Christine Meier
Corporate Communications
ADORI AG
Straubinger Straße 81
93055 Regensburg
http://www.adori.de
Tel.: +49 (0)941/7088-447
Fax: +49 (0)941/7088-499
eMail: IR@adori.de
end of ad-hoc-announcement (c)DGAP 27.11.2002
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WKN: 665510; ISIN: DE0006655103; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
272009 Nov 02
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