Mobilcom AG
MobilCom AG english
freenet shares successfully placed
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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mobilcom AG, Büdelsdorf, today successfully placed 20 percent (3.75 million
shares) of its 73-percent holding (13.65 million shares) in freenet.de AG,
Hamburg. By a process of accelerated bookbuilding with German and foreign
investors, mobilcom AG has generated income of Euro 176.1 million (Euro 47 per
share). The remaining 52.89-percent holding (9.90 million shares) in freenet.de
AG will be kept by mobilcom in the long term. With proceeds from these sales,
mobilcom AG will completely pay off its outstanding bank debts to the sum of
Euro 117.6 million. The amount generated in excess of this figure will be
invested in expanding the company’s core business as a mobile telephony service
provider. This marks the final completion of restructuring at mobilcom AG. By
selling these shares, mobilcom has achieved several goals in one: The company is
free of debt, it maintains a majority holding in freenet, and freenet stock is
rendered more attractive by an almost twofold increase in freefloat. As the
majority shareholder, this will also benefit mobilcom.
end of ad-hoc-announcement (c)DGAP 18.09.2003
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WKN: 662240; ISIN: DE0006622400; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; EUREX
181305 Sep 03
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