Bluehill ID AG
BLUEHILL ID AG TENDERS PRIMION SHARES
Bluehill ID AG / Strategic Company Decision/Disposal Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- BLUEHILL ID TENDERS PRIMION SHARES St. Gallen, November 24, 2008 – Bluehill ID AG (Symbol BUQ.F/BUQ.DE, www.bluehill-id.com) announces the company has tendered all of its shareholdings of 1’221’745 in Primion Technologies AG to Spanish Azkoyen S.A. on Friday in line with the public takeover offer (PTO). The decision to tender was made after the Primion Management had repeatedly refused to call for an extraordinary shareholders meeting in order to clarify a number of important details including those in the run-up to the Azkoyen PTO and Primion’s surprising and disappointing profit warning. Ayman Ashour, CEO of Bluehill ID commented: 'The identification and security industry offers plenty of opportunities for Bluehill ID at very attractive valuations especially in the current economic climate. We believe that Primion has great potential and wish Primion and all of its stakeholders success in the future within Azkoyen.' The legal proceedings of Bluehill ID against Mr. Heinz Roth personally in Switzerland are not affected by tender. About Bluehill ID AG Bluehill ID AG is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Fabian Kirchmann IR.on AG Tel: +49 172 24 699 54 fabian.kirchmann@ir-on.com 24.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden