COMTRADE AG
COMTRADE AG:
COMTRADE AG / Contract/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. ---------------------------------------------------------------------- Ad hoc announcement, 4 July 2007 COMTRADE AG entered into a participation agreement with BSL Asset Management AG in order to execute recapitalization of the company Hamburg, 4 July 2007 – Today COMTRADE AG (WKN 550253) entered into a participation agreement with BSL Asset Management AG, Hamburg. On the basis of this agreement which is subject to certain conditions precedent it is intended to ask for a capital decrease in relation 10:1 which is followed by a capital increase in order to regain solvency of COMTRADE AG and to avoid insolvency proceedings. In order to execute those measures the company will invite without undue delay for an extraordinary shareholder meeting. The final volume of the capital increase in cash is not finally set depending on the amount which will be taken by other potential investors who are interested in participation in this measure next to BSL. On 7 May 2007 COMTRADE AG asked for preliminary insolvency proceedings at the local court of Hamburg due to illiquidity (see ad hoc announcement of 7 May 2007) and made ever since substantial efforts together with its preliminary insolvency administrator attorney Jens-Sören Schröder of the offices of Johlke, Niethammer & Partner in order to identify recapitalization solutions and new investors. BSL Asset Management AG is an independent consulting company which is specialized in the consulting of institutional investors in their structuring of investment fonds and its sales-orientated positioning of investment products. Founded in 1991 as Management Buy-Out of the Lehndorff group, BSL was one of the initiators of fond asset management in Germany and is one of the oldest and most experienced consulting companies in this area (more details at www.bslag.de). Upon execution of the envisaged measures Comtrade AG will be able with a substantially strengthened equity to regain its market position and to extend its business. In particular it is intended that Comtrade AG will expand its business sectors in order to have a wider face to the market. BSL Asset Management AG will support Comtrade AG by its business expansion as substantial strategic investor in the mid and long term. Information: COMTRADE AG Dr. Babette Sievers Jarrestraße 6 22303 Hamburg Tel. +49-40-374942-0 Fax +49-40-374942-60 investor-relations@comtrade.de www.comtrade.de COMTRADE AG is the innovative, producer and bank independent specialist for a comprehensive and integrated IT lifecycle service in Germany. DGAP 04.07.2007 ---------------------------------------------------------------------- Language: English Issuer: COMTRADE AG Jarrestraße 6 22303 Hamburg Deutschland Phone: +49 (0)40 374942-0 Fax: +49 (0)40 374942-60 E-mail: investor-relations@comtrade.de Internet: www.comtrade.de ISIN: DE0005502538 WKN: 550253 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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