phenomedia AG
Phenomedia AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Phenomedia extends mobile competences with Feedback AG/Share rebuy plan
The German market leader in the development of digital games, Phenomedia AG, has
taken over 53 percent of Feedback AG. The company is quoted at the ‘Neuer
Markt’ segment as well. Through this acquisition, Phenomedia further enhances
its qualification regarding mobile entertainment through mobile phones and other
end user devices aimed at a mass market. Feedback has technologies available,
which make Phenomedia an all-round provider in the area of mobile games. These
products are highly demanded on a young market at the threshold of dynamic
developments: The renowned British market researcher Datamonitor forecasts a
growth from the current 0.1 billion Dollars to 5 billion Dollars in the year
2005 for Western Europe and the USA only.
Original shareholders swapped their shares for shares of Phenomedia, which
derive from a forthcoming increase of nonmonetary capital. Institutional
investors acquired shares at an average price of 1.5 Euro. Phenomedia aims at
taking over further shares of Feedback. A corresponding offer will be submitted
to the shareholders. Already in April 2001, Phenomedia founded Mobile Scope AG,
which is specialized in the marketing of mobile forms of entertainment. The
acquisition of Feedback constitutes another essential step in this strategy.
Phenomedia does not only acquire the access to valuable technologies but also
additional human resources. At the same time, all areas of Feedback are under
close scrutiny and will be analysed carefully regarding Phenomedia’s high profit
demands.
In addition, the company announces that the managing board is entitled to make
use of the share rebuy programme according to a decision of the supervisory
board as resolved by the general meeting on 28 May 2001. Up to 420,000 shares
can be rebought by 28 November 2002. With the acquisition of Feedback, the CEO
of Mobile Scope AG, Jürgen Goeldner, was appointed a further member of the
managing board of Phenomedia as COO. For the current business year 2001,
Phenomedia does not change its business forecast (sales 36.6 million DEM / EBIT:
13.5 million DEM).
end of ad-hoc-announcement (c)DGAP 11.10.2001
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WKN: 541490; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
110819 Okt 01
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