PROCON MultiMedia AG
Clearance of registration of the squeeze-out pursuant to the German Reorganization Act
PROCON MultiMedia AG / Key word(s): Legal Matter 15.06.2012 / 18:27 --------------------------------------------------------------------- The Hanseatic Higher Regional Court of Hamburg ruled in a decision which was published on 14 June 2012 that the lawsuit against the resolution of the Annual General Meeting of PROCON MultiMedia Aktiengesellschaft, Hamburg, ('Company') passed on 22 December 2011 on the transfer of the shares of the minority shareholders pursuant to Sec. 62 para. 5 German Reorganization Act in connection with Sec. 327a et seq. German Stock Corporation Act to the majority shareholder MHG Media Holdings AG, Düsseldorf ('MHG') in exchange for an equitable cash compensation payment by the majority shareholder does not hinder the registration of the transfer resolution in the commercial registration. The Company will apply for the registration of the transfer resolution in the commercial register shortly. The transfer resolution will enter into effect upon the registration of the merger of the Company upon MHG in the commercial register at the registered office of MHG (so called squeeze-out pursuant to the German Reorganization Act). Upon entering into effect of the transfer resolution the title to all shares of the minority shareholders will transfer to the majority shareholder in exchange for a cash compensation payment in the amount of EUR 1.82 per no-par value share of the Company. MHG will publish further details on the security law aspects of the settlement of the cash compensation payment by an according compensation announcement in the Federal Gazette. The board of directors End of Corporate News --------------------------------------------------------------------- 15.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: PROCON MultiMedia AG Bredowstr. 34 22113 Hamburg Germany Phone: 040/670 886-0 Fax: 040/670 61 59 E-mail: info@procon-online.de Internet: www.procon-online.de ISIN: DE0005122006 WKN: 512200 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 174250 15.06.2012
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