P&I Personal & Informatik AG

EANS-Adhoc: P&I Personal & Informatik AG
Conclusion of a domination and profit and loss transfer agreement between P&I Personal & Informatik AG and Argon GmbH

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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07.02.2011

Today P&I Personal & Informatik AG ("P&I AG") and Argon GmbH ("Argon") have entered into a domination and profit and loss transfer agreement pursuant to Section 291 para. 1 German Stock Corporation Act (Aktiengesetz, AktG) with Argon as dominating company and P&I AG as dependent company. The supervisory board of P&I AG has given its consent to the conclusion of the agreement also today. The agreement provides for a recurring payment of gross EUR 1.78 per share of P&I AG for each full fiscal year, less the corporate tax and solidarity contribution payable by P&I AG, as adequate compensation for the third party shareholders of P&I AG. On the basis of the currently applicable tax law provisions this amounts to net EUR 1.55 per share of P&I AG for each full fiscal year. Further, the agreement includes the obligation of Argon to acquire the shares of third party shareholders of P&I AG for a cash consideration in the amount of EUR 25.01 per share of P&I AG upon their demand. The agreement is subject to the consent of the general meeting of P&I AG. For this purpose, it is intended to hold an extraordinary general meeting of P&I AG on 24 March 2011 and to submit the agreement for resolution.

end of announcement                               euro adhoc
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Further inquiry note:

Andreas Granderath
+49 (0)611 7147-267
agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade

Original-Content von: P&I Personal & Informatik AG, übermittelt durch news aktuell

Weitere Meldungen: P&I Personal & Informatik AG

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