net SE
net AG infrastructure, software and solutions: net AG changes to the M:access market segment
net AG infrastructure, software and solutions / Miscellaneous 30.09.2009 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- AD HOC ANNOUNCEMENT IN ACCORDANCE WITH §15 OF THE SECURITIES TRADING ACT (WPHG) net AG changes to the M:access market segment Munich (Germany), 30.09.2009 - net AG (ISIN DE000A0Z22E3) is set to end the fiscal year 2008/2009 as of 30.09.2009 with turnover of around EUR 17 million and consolidated net income of around EUR -3.5 million. Included in the amount concerned are expenses amounting to approx. EUR 2.1 million for the restructuring of bhv Software GmbH as well as for depreciation on financial assets and investments of about EUR 1.1 Mio. Despite the difficult nature of the general economic environment, the company was nevertheless able to increase its turnover (excluding bhv Software GmbH) marginally by 3.2 %. This increase is attributable above all to the company's successful expansion in South America. In order to reduce costs and the Board of Executive Directors with the approval of the Supervisory Board has therefore decided today to initiate a change in the trading modus of the company's shares (ISIN DE000A0Z22E3) from the regulated market on the Munich stock exchange (ISIN DE000A0Z22E3) to the M:access market segment within the free trading area of the Munich stock exchange. In view of the company's wish to continue trading its shares in the M:access market segment, the company expects the Munich stock exchange to approve its application such that trading on the regulated market can be discontinued towards the end of the 2009 calendar year after a transitional period has elapsed. M:access is a market segment of the Munich stock exchange that lays down obligations for the companies listed there subsequent to their admission above and beyond those required by law and, as such, guarantees a high level of transparency. In the company's opinion, M:access is an ideal market segment for achieving a sensible cost benefit ratio of stock market listing to market capitalisation while, at the same time, catering for the justified interests of the shareholders with regard to transparency. Thanks to the publicity and transparency requirements in M:access, this segment constitutes a fully functioning market whose protective mechanisms have moved much closer to those in place in the regulated market and which guarantees the tradability of the company' shares. The Management Board Please direct any inquiries to: net AG infrastructure, software and solutions Schlossstraße 1 56068 Koblenz Germany Telephone: 0261 13389 17 E-mail: info@netag.de Internet: www.netag.de Domicile: Munich | Country court Munich, HRB 181337 | CEO: Dr. Stefan Immes | Chairman of board of directors: Dirk Niebergall 30.09.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: net AG infrastructure, software and solutions Schlossstr. 1 56068 Koblenz Deutschland Phone: +49 (0)261 13389-0 Fax: +49 (0)261 13389-10 E-mail: investor@netag.de Internet: www.netag.de ISIN: DE000A0Z22E3 WKN: A0Z22E Listed: Regulierter Markt in München; Freiverkehr in Berlin, Düsseldorf, Stuttgart, Hamburg; Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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