Gameforge Berlin AG
Frogster Interactive Pictures AG: Update on shareholder pool / Award as a strongly growing internet company
Frogster Interactive Pictures AG / Mergers & Acquisitions/Letter of Intent 17.05.2010 07:30 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Berlin, 17.05.2010: The leadership of the Frogster shareholder pool has informed Frogster Interactive Pictures AG, international publisher of massively multiplayer online games with headquarters in Berlin and subsidiaries in Berlin, San Francisco and Seoul, that the M&A advisory firm Corporate Finance Partners (CFP) was acknowledged about the intention of renowned anglo-saxonian finance investors to very shortly submit non-binding offers on the purchase of the block of shares holding just under 40% of Frogster's shares. Since the end of 2009, a Frogster shareholder pool has been pursuing the intention to acquire an anchor shareholder and to sell them the share block significantly above the current stock price for a share price of 30 Euro. The price indications of the interested parties are above the actual stock price but notably below the minimum price of 30 Euro asked for by the shareholder pool. The pool shareholders will evaluate whether to enter into more intensive negotiations or not. In the positive event, the management anticipates that the already prepared so-called due diligence will be performed soon and afterwards negotiations between potential buyer and shareholder pool on the exact terms of the transaction will take place. Should such negotiations not be taken up by the shareholder pool or run fruitlessly, the pool will disband per June 30th as planned. Awarding of one of the strongest growing European internet companies At the GP Bullhound Media Momentum Awards 2010 which were awarded on May 12th, Frogster reached the 20th position within the ranking of the 50 strongest growing European internet companies. In London, last Wednesday evening, the British investment and technology bank GP Bullhound presented the awards for outstanding corporate accomplishments and outstanding growth dynamic of companies in the digital economy for the sixth time. Alongside this, Andreas Weidenhaupt, member of the Frogster management board is being ranked on position nine in a newly put up ranking list of the most influential personalities within the worldwide MMO Game business by a leading American print magazine for massively multiplayer online games, Beckett Massive Online Gamer. With this, the magazine simultaneously views him as the most influential European within the segment of MMO Games in general. Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0 17.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Frogster Interactive Pictures AG Hardenbergstr. 9A 10623 Berlin Deutschland Phone: 030 / 284701-10 Fax: 030 / 284701-11 E-mail: frogster@ir-services.de Internet: http://www.frogster-ip.de/ ISIN: DE000A0F47J1 WKN: A0F47J Indices: Entry Standard Performance-Index Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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