mediantis AG
mediantis AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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mediantis AG applies for change to the regulated market
Munich, October 10, 2001 -mediantis AG, Munich, has applied to the German Stock
Exchange to discontinue the listing of shares on the Neuer Markt as of October
31, 2001 and to begin listing on the regulated market as of November 1, 2001.
The German Stock Exchange agreed to the company’s request on October 9, 2001.
The management board of mediantis AG are convinced this change of sector is in
the interest of the shareholders. The background to the decision is the
company’s sale of the online book business, as well as the brand and the domain
“buecher.de” to Booxtra GmbH & Co. KG, announced on Septmber 14, 2001. This
means the end of operational mainstream business activities and the prospective
medium-term liquidation of mediantis AG. The contract of sale with Booxtra as
well as the liquidation of the company are under reserve of the approval of the
general meeting on October 31, 2001.
The proceeds obtained in the course of the planned liquidation – following the
sale of all business areas and other company assets, as well as recovery of
receivables and settlement of liabilities – will be distributed to mediantis AG
shareholders.
In the interest of shareholders, the current operating expenditure should
therefore be reduced to the minimum amount until finaI liquidation of the
company. In comparison to a listing on the regulated market, listing on the
Neuer Markt results in considerable additional expenses, due to extensive
publication requirements, servicing requirements by two designated sponsors, as
well as the special need for information. For this reason the managing board of
mediantis AG has opted for a listing on the regulated market. This will not
impair the marketability of shares
contact: mediantis AG, Julia Hofmann, T: 089-724414-128, F : 089-724414-119,
pr@mediantis.de
end of ad-hoc-announcement (c)DGAP 10.10.2001
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WKN: 528 520; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
100831 Okt 01
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