Vtion Wireless Technology AG / Key word(s): Share Buyback/Dividend
02.04.2014 12:38
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Vtion Wireless Technology AG
Ad hoc-announcement pursuant to Section 15 German Securities Trading Act
Cancellation of 1,196,591 treasury shares - Voluntary tender offer to buy
back own shares - Dividend payment for 2013
Frankfurt, 2 April 2014. The Management Board and the Supervisory Board of
Vtion Wireless Technology AG today resolved to redeem in total 1,196,591
treasury shares which had been acquired under a voluntary public tender
offer to all shareholders between 5 September 2012 and 26 September 2012
and to reduce the Company's share capital accordingly.
The share capital of the Company now amounts to EUR 13,298,495.00 and is
divided into 13,298,495 no par value bearer shares with a nominal value
amount of EUR 1.00 each.
The Management Board further decided to offer all of its shareholders to
buy back treasury shares by means of a new voluntary tender offer. The
planned offer price is EUR 2.95 per share corresponding a premium of
approximately 20 per cent of the average stock market price between 19
March and 27 March. The intended offer period of 4 weeks is expected to
commence in the course of next week.
The maximum volume of the tender offer will be limited to a total number of
1,329,849 shares. In case of over-subscription, the offers will be accepted
proportionally. The details of the offer will be described in the offer
document, that will be published in the electronic federal gazette
(Bundesanzeiger) as well as on the Company's website.
As in the previous year the company plans a dividend payment of 15 per cent
of Vtion's operating net profit of 2013.
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Information and Explaination of the Issuer to this News:
Additional Information:
Frankfurt Stock Exchange - Prime Standard
ISIN: DE000CHEN993 / WKN: CHEN99
For further information, please contact:
Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 39, baden@kirchhoff.de
or visit the company website at: www.vtion.de
Disclaimer:
This release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of
any such offer in the United States or any other jurisdiction. The
securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the 'Securities Act')
and may not be offered or sold in the United States absent registration or
an exemption from registration under the Securities Act. Neither Vtion
Wireless Technology AG ('Vtion') nor any other participant in the
transactions described herein intends to register any securities under the
Securities Act or with any securities regulatory authority of any state or
other jurisdiction in the United States in connection with the
proposalsdescribed in this announcement. The shares may not be offered to
the public in any jurisdiction incircumstances which would require the
preparation or registration of any prospectus or offering document relating
to the shares in such jurisdiction. No action has been taken by Vtion or
any of its affiliates that would permit an offering of the shares or
possessionor distribution of this announcement or any other offering or
publicity material relating to such securities in any jurisdiction where
action for that purpose is required.
As far as this release contains forward-looking statements with respect to
the business, financial condition and results of operations of Vtion, these
statements are based on current expectations or beliefs of Vtion's
management. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or performance of
the Company to differ materially from those reflected in such
forward-looking statements. Apart from other factors not mentioned here,
differences could occur as a result of changes in the overall economic
situation and the competitive environment - especially in the core business
segments and markets of Vtion. Also, the development of the financial
markets and changes in national as well as international provisions
particularly in the field of tax legislation and financial reporting
standards could have an effect. Terrorist attacks and their consequences
could increase the likelihood and the extent of differences. Vtion
undertakes no obligation to publicly release any revisions or updates to
these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.
02.04.2014 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: Vtion Wireless Technology AG
Westhafenplatz 1 (Westfalen Tower)
60327 Frankfurt
Germany
Phone: +49 69 710 456 245
Fax: +49 69 710 456 248
E-mail: ir@vtion.de,Janina.schumann@kirchhoff.de
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Cancellation of 1,196,591 treasury shares - Voluntary tender offer to buy back own shares - Dividend payment for 2013
| Source: EQS Group AG