DGAP-PVR: W.E.T. Automotive Systems AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

| Source: EQS Group AG EQS Group AG 

W.E.T. Automotive Systems AG / Release of an announcement according to Article 27a Section 2 of the WpHG in conjunction with Article 26 Section 1 Sentence 1 of the WpHG

28.04.2010 12:55 

Dissemination of a Voting Rights announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ICWET L.P., London, England, ICWET GP LIMITED, London, England, Indigo
Capital IV LP, London, England, Indigo Capital IV General Partner LP,
Edinburgh, Scotland, Indigo Capital Fund IV (GP) Ltd. (England), London,
England, Indigo Capital (Holdings) Limited, London, England, and Indigo
Capital LLP, London, England, (together the 'Investors') have informed us
on 27 April 2010 pursuant to sec. 27a (1) WpHG with reference to the voting
rights notification pursuant to section 21 (1) WpHG as of 16 April 2010, of
the following:

1. The Investors are financial investors. Therefore the investment in the
Issuer does not serve strategic objectives but the realization of
investment profits.
 
2. The Investors do not intend to acquire or otherwise obtain additional
voting rights within the next 12 months.
 
3. It is intended to appoint Mr. Martin Stringfellow as a substitute member
of the supervisory board of the Issuer. Beyond that, it is not intended to
gain influence on the appointment and revocation of supervisory board
members of the Issuer.
 
4. It is not intended to aim at an essential change of the structure of the
capital of the Issuer including the ratio between equity and debt
financing. In accordance with the decision of the German Federal Financial
Supervisory Authority to release the Investors from the obligation to make
a public tender offer to the outstanding shareholders of the Issuer and
certain conditions imposed on the Investors in this decision, the Investors
will not propose or vote in favour of dividend distributions until 30
September 2012.
 
5. ICWET L.P. acquired voting rights from own funds (Eigenmittel) provided
by its limited partners. Indigo Capital IV LP as limited partner of ICWET
L.P. provided its share of the funds to ICWET L.P. from its own funds.
Indigo Capital IV LP acquired its directly held voting rights from own
funds.

Odelzhausen, 28 April 2010

W.E.T. Automotive Systems Aktiengesellschaft
The Management Board



28.04.2010 12:55 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

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Language:     English
Company:      W.E.T. Automotive Systems AG
              Rudolf-Diesel-Str. 12
              85235 Odelzhausen
              Deutschland
Internet:     www.wet-group.com
 
End of News                                     DGAP News-Service
 
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