Mobilcom AG
MobilCom AG english
mobilcom to sell 20-percent holding in freenet
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Following a decision by the company’s executive and supervisory boards, mobilcom
AG, Büdelsdorf, is to reduce its 73-precent holding (13.65 million shares) in
freenet.de AG, Hamburg, by up to 20 percent (3.75 million shares) at short
notice. After this transaction, to be carried out by Deutsche Bank in
accelerated bookbuilding, mobilcom AG will maintain its majority holding in
freenet AG with at least 52.89 percent (9.90 million shares) in the long term.
mobilcom AG will use the funds generated by this sale to completely clear its
debts to the sum of EUR 117.6 million. Any returns in excess of this sum 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 increased freefloat. Any returns in excess of this
sum 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 significantly more attractive by a nearly doubled
freefloat.
end of ad-hoc-announcement (c)DGAP 17.09.2003
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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
172137 Sep 03
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