Gauss Interprise AG
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Gauss Interprise AG confirms the conclusion of a contract
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Gauss Interprise AG confirms the conclusion of a contract
Hamburg, August 27, 2003. Gauss Interprise AG (Prime Standard: GSO, ISIN
DE0005532907) confirms the conclusion of a contract between some shareholders of
Gauss Interprise AG and 2016090 Ontario Inc., a wholly-owned subsidiary of Open
Text Corporation, Canada. Today shareholders of Gauss Interprise AG
collectively holding 65.80 % of the Companys share capital entered into an
agreement with 2016090 Ontario Inc., a wholly-owned subsidiary of Open Text
Corporation, Canada, with regard to the sale of their shares in the Company. The
sale is subject to certain conditions subsequent. In this context the Company
also entered into an agreement with 2016090 Ontario Inc.The Company therefore
expects that 2016090 Ontario Inc. will submit a public tender offer to the other
shareholders of the Company in accordance with the provisions of the German
Take Over Act.Furthermore, the creditors of the Companys convertible bond issued
in November 2002 agreed with 2016090 Ontario Inc. to exercise their conversion
rights following the occurrence of the conditions precedent, by which conversion
the Companys share capital would be increased by approx. EUR 2.1 million. and
the Companys liabilities be reduced by approx. EUR 4.0 million., and to sell
these shares also to 2016090 Ontario Inc. Thus, the share in the Company sold to
2016090 Ontario Inc. would be increased to at least 73.18 %.Gauss Interprise
AG, Investor Relations/Corporate Communications, Weidestraße 120a, 22083
Hamburg.Tel.: +49-40-3250-1100, Fax: +49-40-3250-191218, E-mail:
investor@gaussvip.com, http://www.gaussvip.com
end of ad-hoc-announcement (c)DGAP 27.08.2003
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WKN: 553290; ISIN: DE0005532907; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf und Stuttgart
271315 Aug 03
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