ArtStor AG
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ArtStor AG Zeta Management Board waive second purchase price instalment
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ArtStor AG Zeta Management Board waive second purchase price instalment
Hamburg ArtStor AG has come to an agreement with the Management Board of its
Munich subsidiary, Zeta AG, which it acquired in January 2001, by which they
will waive their claim to the outstanding purchase price instalment. The
variable second purchase price instalment of up to 12.8 million EUR, which
ArtStor agreed to pay when it acquired Zeta AG, would have become due on the
30th June 2003. Instead, the two members of the Zeta Management Board will
receive an improved, profit-related bonus, as well as 100,000 ArtStor shares,
which will be created by capital increase from authorized capital.
For further information: ArtStor AG, Teja Prelle, Board of Management, tel.: +49
(0)40 657 27 456, fax: +49 (0) 40 657 27 589, email: t.prelle@artstor.de
end of ad-hoc-announcement (c)DGAP 19.11.2001
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WKN: 549 286; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
190730 Nov 01
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