Tiptel AG
Tiptel AG: Complete sales of the Dutch subsidiary
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc announcement according to § 15 WpHG
– Complete sales of the Dutch subsidiary
– Cash inflow of about 1 million Euros
Ratingen, October 27, 2006 –TIPTEL AG, one of the European-wide acting
specialist for innovative telecommunications solutions, sold the remaining
51 per cent of its shares of the Dutch Tiptel b.v. to Robinco Treuhand GmbH
& Co. Beteiligungs KG, Ratingen, whose Managing Director is the Chairman of
the Supervisory Board of TIPTEL AG Erhard Schäfer. Thus, Robinco Treuhand
exercised its option concerning the full acquisition which was granted to
her upon the purchase of the first 49 per cent of the shares in August
2005. TIPTEL AG receives about 1 million Euros due to this sales. After
this transaction the business relationship between Tiptel b.v. and TIPTEL
AG (incl. its subsidiaries) will continue existing on basis of a
distribution agreement. In the 2005 business year the net turnover with
Tiptel b.v. amounted to 2.5 million Euros.
Moreover, a general agreement was concluded with Robinco Treuhand and
Tiptel b.v. which arranged for the sales of the subsidiaries Tiptel
s.a.r.l. (France) and Tiptel NV/SA (Belgium) to Tiptel b.v. until the end
of November. Due to this general agreement TIPTEL AG will receive
additional funds for strengthening the liquidity.
TIPTEL AG
Halskestraße 1
D – 40880 Ratingen
ISIN: DE0007483604
Listings: Regulated market in Düsseldorf and Frankfurt (Prime Standard),
Off-floor trading in Berlin-Bremen, Hanover and Stuttgart
Contact:
Haubrok Investor Relations GmbH
Linh Chung
Tel.: +49 (0) 211/30126-0
Fax: +49 (0) 211/30126-172
E-Mail: L.Chung@haubrok.de
(c)DGAP 27.10.2006
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Language: English
Issuer: TIPTEL AG
Halskestraße 1
40880 Ratingen Deutschland
Phone: +49 (0)2102 4280
Fax: +49 (0)2102 4281-0
E-mail: info@tiptel.de
WWW: www.tiptel.de
ISIN: DE0007483604
WKN: 748360
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin-Bremen, Stuttgart
End of News DGAP News-Service
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