TDS Informationstechnologie AG / Contract
11.01.2008
Release 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.
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On 11 January 2008 TDS Informationstechnologie Aktiengesellschaft with
registered office in Neckarsulm ('TDS AG') as dependent company concluded a
domination agreement with Fujitsu Services Overseas Holdings Limited, the
majority shareholder of TDS, with registered office in London, Great
Britain, ('FSOHL') as dominant company. In order to become effective the
domination agreement requires the approval of the shareholders' meeting of
TDS AG. The supervisory board of TDS AG and the board of directors of FSOHL
each approved of the domination agreement on 11 January 2008.
In the context of the domination agreement FSOHL guarantees to the
outstanding shareholders of TDS AG for the term of the domination agreement
as adequate compensation for each full fiscal year of TDS AG and per share
in TDS AG the payment of a gross dividend of EUR 0.30 (net amount currently
EUR 0.26). Furthermore, FSOHL shall on the basis of the domination
agreement purchase the shares of any outstanding shareholder of TDS AG
against a cash compensation of EUR 3.13 per share in TDS AG upon request of
any outstanding shareholder.
The evaluation of TDS AG, which forms the basis of the determination of the
cash compensation and of the guaranteed dividend has been prepared by the
board of management of TDS AG supported by Dr. Ebner, Dr. Stolz & Partner
GmbH, Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft,
Stuttgart. BHP Prof. Dr. Binder, Dr. Dr. Hillebrecht & Partner GmbH
Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Stuttgart,
which has been appointed by court as independent auditor of the domination
agreement, has confirmed the adequacy of the cash compensation and of the
guaranteed dividend.
The shareholders meeting, which resolves over the approval of the
domination agreement, is scheduled for February 29, 2008. Further details
will be announced in time for the meeting.
TDS Informationstechnologie AG
The Board of Management
DGAP 11.01.2008
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Language: English
Issuer: TDS Informationstechnologie AG
Konrad-Zuse-Straße 16
74172 Neckarsulm
Deutschland
Phone: +49 (0)7132 3 66-1200
Fax: +49 (0)7132 3 66-11 88
E-mail: investor@tds.de
Internet: www.tds.de
ISIN: DE0005085609, DE0008164286
WKN: 508560, 816428
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: TDS Informationstechnologie AG: TDS Informationstechnologie Aktiengesellschaft and Fujitsu Services Overseas Holdings Limited conclude a domination agreement
| Source: EQS Group AG