PROCON MultiMedia AG
Cash compensation for merger related squeeze-out despite value adjustment still at EUR 1.82 per share
PROCON MultiMedia AG / Key word(s): Miscellaneous 24.11.2011 17:07 Dissemination 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. --------------------------------------------------------------------------- Today the majority shareholder of PROCON MultiMedia Aktiengesellschaft, Hamburg (the 'Company'), MHG Media Holdings AG, Düsseldorf ('MHG'), informed the board of directors of the Company that it will maintain the cash compensation set for the planned transfer of the shares from the minority shareholders of the Company to MHG at EUR 1.82 per no-par value share despite the adjustment of the value of the shareholding of the Company in CINEGATE GmbH, Hamburg and the related reduction of the value of the Company. MHG provided the Company with a written addendum to the transfer report and an addendum to the valuation report which the Company will make accessible to the shareholders on the Company's website and which also will be on display in the general meeting on December 22, 2011. Board of Directors 24.11.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: PROCON MultiMedia AG Bredowstr. 34 22113 Hamburg Germany Phone: 040/670 886-0 Fax: 040/670 61 59 E-mail: info@procon-online.de Internet: www.procon-online.de ISIN: DE0005122006 WKN: 512200 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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