ISRA VISION Parsytec AG
Parsytec AG: Parsytec releases additional information concerning the intended capital disbursement
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Parsytec releases additional information concerning the intended capital
disbursement
Aachen/Germany – 24 April 2006. Parsytec AG – the world’s leading supplier
of surface and web inspection systems for strip products – today releases
additional information con-cerning the intended capital disbursement of EUR
1 announced in the ad-hoc release from 23 March 2006.
The following description is a FAQ-list (Frequently Asked Questions) with
questions concerning the disbursement technique already asked by
shareholders.
How high will the disbursement be per share after the reverse stock split:
EUR 1 or EUR 2?
The disbursement per current share is EUR 1. That means a disbursement of
EUR 2 per share after the reverse stock split (EUR 12.5 million and around
6.25 million shares).
When must I be a shareholder in order to get the EUR 1?
You must be a shareholder on the day of the disbursement (or rather on the
day prior to that when the bank technically processes the settlement). The
disbursement will thus presumably take place in early 2007.
What about the dividend originally announced?
The Management and Supervisory Boards have resolved to forgo recommending
that the shareholders be paid an additional dividend given the scale of the
disbursement in question.
When will the shares be consolidated?
The reverse stock split will take place after the entry in the Commercial
Register of the capitalization measures necessary for the disbursement; in
other words, it will then be implemented by the banks. The entries in the
Commercial Register will take place after the Annual General Meeting.
How must the disbursement be valued in fiscal terms?
To the extent that you are a shareholder domiciled in the Federal Republic
of Germany and hold shares in Parsytec AG as your private assets and the
scale of your stake in the company was continuously less than one percent
over the last five years, essentially the intended capital increase from
own funds and the expected disbursement as a consequence of the subsequent
reduction in capital will not give rise to income liable for tax from the
viewpoint of German income tax legislation. On principle, we recommend that
you consult your fiscal adviser as regards the impact this may have on your
tax position.
Please also understand that we must exclude any liability on our part for
the accuracy and completeness of the above fiscal explanations, even if we
have shown due care in compiling these.
Additional information you can find under:
http://www.parsytec.de/tcchart_2131.html
(c)DGAP 24.04.2006
—————————————————————————
language: English
emitter: Parsytec AG
Auf der Hüls 183
52086 Aachen Deutschland
phone: +49 (0)2419696-200
fax: +49 (0)241 9696-500
email: ir@parsytec.de
WWW: www.parsytec.de
ISIN: DE0005089908
WKN: 508990
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
—————————————————————————
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found