COR AG Financial Technologies
COR AG Financial Technologies: COR AG and FJA AG reach merger agreement and agree on share exchange ratio – merger report signed
COR AG Financial Technologies / Mergers & Acquisitions Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- COR AG and FJA AG reach merger agreement and agree on share exchange ratio - merger report signed (Leinfelden-Echterdingen, 8 June 2009) - The executive boards of COR AG Financial Technologies, based in Leinfelden-Echterdingen, and FJA AG in Munich have today agreed, with the approval of their supervisory boards, on a proposed merger agreement, under which COR AG Financial Technologies will merge with FJA AG. The share exchange ratio has also been agreed: the shareholders of COR AG Financial Technologies will receive 25 FJA shares in exchange for 14 COR shares. To determine the appropriate share exchange ratio, both companies were valued with the expert help of Ebner Stolz Mönning Bachem GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, a firm of auditors and tax advisers based in Stuttgart. The company values calculated using the 'Ertragswert' (discounted earnings) method are EUR 8,10 per COR share and EUR 4,54 per FJA share. The share capital of COR AG is currently EUR 12,047,336.00 comprising 12,047,336 ordinary bearer shares (no-par-value shares) with an arithmetical nominal value of EUR 1.00. The share capital of FJA AG is currently EUR 21,289,353.00, comprising 21,289,353 no-par-value bearer shares with an arithmetical share capital value of EUR 1.00 per share. The executive boards of FJA AG and COR AG Financial Technologies also signed the joint merger report today. The draft merger agreement is to be presented to the annual general meeting of COR AG Financial Technologies on 27 July 2009 and to the annual general meeting of FJA AG on 28 July 2009 for approval. Issuing party: COR AG Financial Technologies Karlsruher Straße 3 70771 Leinfelden-Echterdingen WKN 508320, ISIN DE0005083208 Stock exchange centres: Regulated market in Frankfurt (Prime Standard); Open market in Berlin, Dusseldorf, Hamburg, Stuttgart Contact: COR AG Financial Technologies Investor relations Karlsruher Straße 3 70771 Leinfelden-Echterdingen Tel.: +49 711 94958-0 E-mail: ir@corag.de Internet: http://www.corag.de 08.06.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: COR AG Financial Technologies Karlsruher Straße 3 70771 Leinfelden-Echterdingen Deutschland Phone: +49(0)711-94958-0 Fax: +49-(0)711-94958-49 E-mail: ir@corag.de Internet: www.corag.de ISIN: DE0005083208 WKN: 508320 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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