PopNet Internet AG
PopNet Internet AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 02.10.01 – The PopNet Internet AG announces that the Commerzbank AG
ceases its involvement as Designated Sponsor with immediate effect. Due to the
considerable changes concerning the financial circumstances of the company the
legal basis for this decision was existent. Thus, at the present time the PopNet
Internet AG cannot fulfill the terms of trade of the Neuer Markt of the Deutsche
Börse, which demands a designated sponsoring by two contract partners. PopNet
Internet AG will immediately enter into negotiations with relevant partners in
order to fulfill the rules of the Neuer Markt again. On September 26th, 2001 the
PopNet Internet AG applied for insolvency proceedings at the Amtsgericht
Hamburg. Thereupon, the lawyer Mr. Dr. Sven-Holger Undritz of White & Case,
Feddersen Hamburg, was constituted as preliminarily trustee in insolvency. After
being constituted he immediately set to work.
The business of PopNet Internet AG will be sustained fully and the salaries of
the affected employees are secured until the end of November, 2001. Currently,
the preliminarily trustee in insolvency endeavors to precipitate a restructuring
of the PopNet Group in close corporation with the members of the board of
management. In addition to it, purposeful conversations with potential investors
are conducted already.
Contact: PopNet Investor Relations, Tel.: +49 (0)40 2 78 27 149, eMail:
investor-relations@popnet.de
end of ad-hoc-announcement (c)DGAP 02.10.2001
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WKN: 622810; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
020845 Okt 01
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