DGAP-Adhoc: Cash compensation for merger related squeeze-out set at EUR 1.82 per share

| Source: EQS Group AG EQS Group AG 

PROCON MultiMedia AG  / Key word(s): Squeeze Out

08.11.2011 17:56

Dissemination 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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Today the majority shareholder of PROCON Multimedia Aktiengesellschaft,
Hamburg (the 'Company'), MHG Media Holdings AG, Düsseldorf ('MHG'),
informed the board of directors of the Company that it has set the cash
compensation for the transfer of the shares from the minori-ty shareholders
of the Company to MHG at EUR 1.82 per no-par value share in compliance with
section 62 para 5 sentence 1 German Reorganisation Act (UmwG) in
conjunction with §§ 327a ff. German Stock Corporation Act (AktG). The
exclusion of the minority shareholders shall take place in connection with
a merger of the Company onto MHG (merger related squeeze-out). This merger
is based on a merger agreement entered into between the Company and MHG on
No-vember 3, 2011.

A resolution on the squeeze-out shall be passed in an extraordinary
shareholders' meeting of PROCON MultiMedia Aktiengesellschaft, which has to
take place within three months after the notarization of the merger
agreement. The extraordinary shareholders' meeting will presumably take
place on December 22, 2011.



Board of directors


08.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      PROCON MultiMedia AG
              Bredowstr. 34
              22113 Hamburg
              Germany
Phone:        040/670 886-0
Fax:          040/670 61 59
E-mail:       info@procon-online.de
Internet:     www.procon-online.de
ISIN:         DE0005122006
WKN:          512200
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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