Wapme Systems AG
Wapme accelerates profit increase through innovative customer financing
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Wapme accelerates profit increase through innovative customer financing
+++ attractive convertible bond with call option guaranteed by renowned
institutional investors +++
Düsseldorf, January 29, 2004
Following approval by the supervisory board on January 26, 2004 and on basis of
the authorization by the general meeting on August 28, 2003, the Management
Board of Wapme Systems AG decided to issue a convertible bond, which will be
offered to the share holders of the company. In case not all of the partial
convertible bonds are drawn by the share holders, two institutional investors
have entered into an agreement with the VEM Incorporated Bank AG to take over
all of the remaining partial convertible bonds.
The convertible bond is segmented into 600,000 partial bonds, each at a
calculated nominal value of Euro 4.85 with a calculated total nominal value of
Euro 2,910,000.00.
The bond’s maturity is set at 3 years, with a coupon of 5 % p.a.. A conversion
into shares of the listed Wapme Systems AG is possible in accordance with the
conditions set forth in the term sheet of the convertible bond, not before
01.09.2004. Said term sheet is available directly from the Wapme Systems AG,
Vogelsanger Weg 80, 40470 Düsseldorf , the VEM Incorporated Bank, post office
box 33 07 05, 80067 Munich, and is also available for viewing and/or downloading
on the internet at www.wapme-systems.de or www.vem.ag.
The rights offer for the shareholders of the Wapme Systems AG has been published
at the 29.01.2004 in the electronic Bundesanzeiger as well as in the
Börsenzeitung.
By issuing the convertible bond, Wapme is accelerating the profit increase. On
one hand, customers are enabled to grow faster by utilizing Wapmes innovative
payout models; on the other hand the additional liquid funds enable the Wapme
Group to expand the successful German business model faster into other European
countries.
The strength of Wapme as a messaging provider is its ability to provide
different media companies, advertising agencies or audio text providers with the
possibility to instantly enter the profitable market for interactive
communication via SMS without large investments. For these companies, Wapme acts
as an enabler and provides an additional source of income for these companies.
Wapme predicts on the basis of the developments mentioned above a positive
operating result
of 2 – 3 million Euro for the year 2004.
This notice is not an offer for sale or a solicitation of an offer to purchase
the above-mentioned convertible bond or any other security of Wapme Systems AG.
Wapme Systems AG – Solutions for a wireless world
Wapme Systems AG operates in the field of mobile Internet both as a Wireless
Application Service Provider and as a Mobile Messaging Provider of Premium SMS,
SMS delivery and MMS. In addition, the company is active in the international
trade in the mobile communications sector and successfully partners renowned
companies in the software and TIMES sectors (D2 Developer Award, official Nokia
Gold Partner). In 2003, according to an international study, the company is one
of the 20 best application developers world-wide and among the foremost in
Germany.
Business locations are Duesseldorf, Rheine, Wesel and Miami (USA). The company
was founded in 1996, quoted on Deutsche Boerse’s Neuer Markt on 5th July 2000,
and since 1st Jan 2003, it is quoted in the Prime Standard Segment of the
Frankfurt Stock Exchange (ISIN: DE0005495501 // WKN: 549550 // Reuters: wpmg.f).
Contact: http://www.wapme-systems.de / lindisch@wapme-systems.de
end of message, (c)DGAP 02.02.2004
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WKN: 549550; ISIN: DE0005495501; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
020955 Feb 04
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