DEVIL AG / IPO/Capital Increase 14.05.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Braunschweig, May 14, 2008 DEVIL AG, a market-leading IT distributor in Germany, is reviewing alternative financing options instead of its planned IPO after the end of the subscription period for up to 2,500,000 new bearer shares. Despite the current difficult IPO market interested investors subscribed for approx. half of the offered shares. However, in the opinion of DEVIL AGs management and shareholders, the resulting proceeds from the issue would not have been sufficient to execute the companys M&A strategy to the planned extent. As a result, the parties have agreed together with the issuing bank to initially review additional financing options and to postpone a potential IPO to a later date. (End of ad hoc disclosure) Disclaimer 'This disclosure and all information contained within may not be delivered or transmitted within the United States or to US Persons (as according to Regulation S of the Securities Act of 1933, and thus including legal entities). It is also not intended for distribution or transmission by general circulation publications within the United States. Any breach of this limitation may substantiate a violation against United States securities laws. Shares of DEVIL AG are not and will not be registered under US Securities Regulations, and will not be sold, issued or offered for sale to US Persons or in the USA without this registration or exemption from the registration requirement. This disclosure does not constitute an offer to subscribe for or purchase shares. The offering is made exclusively via and on the basis of DEVIL AG's published stock offering prospectus.' --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Company Profile DEVIL, founded in 1994 and headquartered in Braunschweig, is one of the largest IT distributors in Germany. The company initially specialized in memory chips and has since developed into a high standard full-range provider of IT software and hardware. DEVIL is a preferred partner of around 130 IT manufacturers and distributors including international and prestigious manufacturers such as Microsoft, Samsung, ASUS and LG. The companys most important target market is specialized retail trade. DEVIL supplies some 7,000 of the almost 15,000 specialized dealerships in Germany with hardware components and peripherals as well as selected software solutions. The companys main business units are IT Distribution and IT Logistics & Services, which has just been set up. The latter provides foreign IT manufacturers logistics services including warehousing and distributing to resellers via a wholly owned DEVIL subsidiary. DEVIL recorded revenues of approximately EUR 322 million in fiscal year 2006/07 with EBIT of EUR 2.0 million. Contact Investor relations cometis AG Ulrich Wiehle Phone: +49(0)611 205855-11 Fax: +49(0)611 205855-66 E-mail: ir@devil.de DGAP 14.05.2008 --------------------------------------------------------------------------- Language: English Issuer: DEVIL AG Kocherstraße2 38120 Braunschweig Deutschland Phone: +49 (0)531 215 400 Fax: +49 (0)531 215 40 999 E-mail: info@devil.de Internet: www.devil.de ISIN: DE000A0MM6F1 WKN: A0MM6F Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: DEVIL AG reviews alternatives to IPO
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