ISRA VISION Parsytec AG
Parsytec AG: AGM resolution on capital disbursement entered in Commercial Register
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AGM resolution on capital disbursement entered in Commercial Register
Disbursement expected in February 2007
2:1 share consolidation to take place on 10 August 2006 after close of
market
Aachen 10 August 2006. The Management Board of Parsytec AG – the world’s
leading provider of surface inspection systems for strip products – has
announced the entry of resolutions on a capital increase out of own funds
and an ordinary capital reduction, which were passed by its Annual General
Meeting on 23 May 2006, in the Commercial Register.
These capital measures and the corresponding amendment to the Articles of
Association are effective as of the entry of the resolutions by the Annual
General Meeting in the Commercial Register on 21 July 2006.
In the spirit of Parsytec AG’s shareholder value orientation, the aim of
the resolutions is to give the Company’s free, unrequired cash back to the
shareholders. To achieve this, the share capital is first increased out of
own funds. The share capital is then reduced by way of an ordinary capital
reduction by consolidating shares in the ratio 2:1. The new ISIN for the
converted shares (shares after consolidation) is ISIN DE000A0JQ4J9.
From 11 August 2006 onwards, only the new, converted ISIN DE000A0JQ4J9
shares will be traded on the Frankfurt/Main stock exchange. Trading in
shares numbered ISIN DE0005089908 will cease as of 10 August 2006.
Owing to the provisions of stock corporation law, the capital disbursement
of EUR 2.00 per converted share can only be paid out after a period of six
months following official publication of the notification of entry of the
Annual General Meeting resolution in the Commercial Register. According to
the Company’s information, this notification has not yet been issued by the
relevant authorities. The disbursement will be paid out by the respective
custodian bank at which the shares were deposited as at the relevant
reference date for payment. Shareholders will receive the disbursement
automatically. Subject to the date of the official notification, which
Parsytec is not able to influence, disbursement is expected to occur in
February 2007.
More detailed information, for example on the treatment of share fractions
(which are caused when an odd number of shares is consolidated in the ratio
2:1) can be found on the Parsytec AG homepage at
www.parsytec.de/pdf/Parsytec_10.08.06.pdf (Currently the information is
only available in German.)
(c)DGAP 10.08.2006
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Language: English
Issuer: Parsytec AG
Auf der Hüls 183
52086 Aachen Deutschland
Phone: +49 (0)2419696-200
Fax: +49 (0)241 9696-500
E-mail: ir@parsytec.de
WWW: www.parsytec.de
ISIN: DE0005089908
WKN: 508990
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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