10TACLE STUDIOS AG
Ad-hoc: 10TACLE STUDIOS AG gets new CEO
10TACLE STUDIOS AG / Change of Personnel/Restructure of Company
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.
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Darmstadt, May 14, 2008 – The Supervisory Board of 10TACLE STUDIOS AG
(ISIN: DE000TACL107) resolved yesterday that media expert Joachim Magin be
appointed the new CEO of the company. The change in management reflects the
ongoing restructuring process of the 10TACLE Group, with the new Managing
Board being assisted by a team of restructuring specialists.
The previous CEO and co-founder of 10TACLE STUDIOS AG, Michele Pes, had
already indicated his willingness to resign from his office in order to
actively support a new start for the company, even before the Supervisory
Board had made its decision.
Joachim Magin possesses comprehensive management expertise which he has
gained while holding a variety of executive positions, such as managing
director of ProSieben Digital Media GmbH and head of media for Tiscali
Deutschland. As part of his brief at Tiscali, he had bundled and
restructured the company’s European games activities, successfully selling
them as a package.
Michele Pes will assist the company in an advisory capacity during the
transitional period. The Supervisory Board expressly thanked Mr. Pes for
all his work over past years.
A press release to be published later today will contain further details
regarding the changes to 10TACLE STUDIOS AG’s Managing Board.
The Managing Board
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Information and Explaination of the Issuer to this News:
About 10TACLE STUDIOS AG
10TACLE STUDIOS AG, listed in the General Standard segment of the Frankfurt
Stock Exchange (German securities ID number (WKN): TACL10, ISIN
DE000TACL107) is an independent development and production company for
high-end computer and video games and a market leader in Europe. The
products of 10TACLE STUDIOS AG meet the highest international standards and
cover all the relevant high-growth segments of the games market. The
company operates out of its headquarters in Darmstadt and its development
sites in Berlin, Darmstadt, Duisburg, Hanover, Budapest, Charleroi, London,
Singapore and Vienna.
14.05.2008 Financial News transmitted by DGAP
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Language: English
Issuer: 10TACLE STUDIOS AG
Goebelstr. 21
64293 Darmstadt
Deutschland
Phone: +49 (0)6151 39 738 21
Fax: +49 (0)6151 39 738 10
E-mail: ir@10tacle.com
Internet: www.10tacle.com
ISIN: DE000TACL107
WKN: TACL10
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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