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ots Ad hoc-Service: United Internet AG
Jobs & Adverts to seek Neuer Markt listing Preferential treatment for United Internet shareholders
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Montabaur, Bad Homburg (ots Ad hoc-Service) -
Jobs & Adverts, Germany's leading commercial online job market, is the first of United Internet's network of companies to announce its IPO. As of April 5, 2000, the company's shares will be traded in the Neuer Markt segment of the Frankfurt Stock Exchange. United Internet AG will retain 26.4% of Jobs & Adverts after the flotation and is offering its shareholders preferential allocation rights for the subscription. United Internet shareholders will be entitled to receive shares at the official issuing price and will not be dependent on the luck of the draw - as is usually the case for greatly over-subscribed issues. The subscription ratio is 9 to 1, i.e. for every 9 bearer shares of United Internet AG held on March 29, 2000, the owner will be entitled to receive at least one share in Jobs & Adverts AG at the price set for the public offer. Subscription will not be possible for remaining amounts of less than nine bearer shares in United Internet AG. The advanced subscription offer will be handled by Bank Vontobel AG. Shareholders of United Internet AG can register their orders from March 27 to March 29, 2000 (4 p.m.) with their depositary banks. There will be no further advanced subscription rights available after this time. The subscription rights cannot be traded or transferred. Shareholders can receive further information on the procedure from their respective depositary banks. "The IPO will open up further growth potential on the growing Internet market for our network member while allowing our shareholders to take an active part in their success," explains United Internet Board Member Ralph Dommermuth.
Jobs & Adverts is one of Europe's largest career networks. With its "jobpilot" portals and over 45,000 job ads with more than 84,000 vacancies the company is currently represented in 15 European nations. In 1999 alone the number of job adverts rose by a factor of three. The company's clients include 28 of Germany's 30 DAX-listed companies and 35 of the NEMAX50 (top high-tech companies). Jobs & Adverts is focussing its expansion strategy on the European market.
United Internet AG comprises 17 innovative companies involved in the Internet value chain. As a management holding company, United Internet AG's task is to create an optimal growth and earnings environment for its network of Internet high-flyers by providing capital, management know-how and marketing services. In return, United Internet and its shareholders profit from the above-average growth of the company's participations. As part of this strategy, the company plans to lead further Group members to the Stock Exchange in the coming months. "The IPOs and the preferential subscription rights are a further decisive step in our shareholder- friendly business model," stresses Ralph Dommermuth.
United Internet contact partners for the press:
Burkhard Böndel Brodeur Kohtes & Klewes Phone: +49 211/38640-125 Fax: +49 211/38640-300 E-mail: email@example.com
Matthias Rieß United Internet AG Phone: +49 2602/96-1076 Fax: +49 2602/96-1013 E-mail: firstname.lastname@example.org
Jobs & Adverts contact partners for the press:
Ulla Erdmann Kirchhoff Consult AG Phone: +49 40-609 186 34 Fax: +49 40-609 186 71 E-mail: email@example.com
End ----------------------------------------------------- Internet: http://recherche.newsaktuell.deOriginal-Content von: United Internet AG, übermittelt durch news aktuell