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ots Ad hoc-Service: United Internet AG
AdIiINK Internet Media soon to be listed on Neuer Markt United Internet shareholders have advance subscription right
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Montabaur (ots Ad hoc-Service) - AdIiINK Internet Media soon to be listed on Neuer Markt United Internet shareholders have advance subscription right
The AdLINK Internet Media AG, a member company of the United Internet network, is scheduled to be floated on the Frankfurt Stock Exchange's Neuer Markt on May 11, 2000. The United Internet AG, which will still hold 76.93 percent of AdLINK after the initial public offering (without greenshoe), is offering its shareholders preferential subscription rights for the new AdLINK shares. A total of 1,219,333 shares have been earmarked for this purpose.
Persons holding three ordinary bearer shares of the United Internet AG on April 25 shall be entitled to one share of the AdLINK Internet Media AG at the placing price resulting from the bookbuilding process. Any "leftover" amounts of less than three bearer shares cannot be used for subscription purposes, however. Shareholders must exercise the right by way of their depositary banks between April 26 and April 28 (4 p.m.). The preferential subscription offer will be handled by the managing bank, the Bank Vontobel AG. To ensure a free float of 20 percent, the Managing Board of the United Internet AG will be partly forgoing the exercise of its advance subscription right. At present united Internet holds 99.05 percent of AdLINK. Further details of the AdLINK Internet Media AG's initial public offering will be made known today at a press conference to be held at 11 a.m. in Frankfurt's Architecture Museum.
Ralph Dommermuth, head of United Internet, outlines the reasons behind the preferential subscription as follows: "AdLINK is a pioneer in the field of online advertising marketing and has developed out of the United Internet network. With the initial public offering, we are offering AdLINK immense potential for further successful development and positioning in the international marketplace. Our shareholders will have a direct stake in this." United Internet shareholders will therefore not be involved in any "lottery" procedure which is usually necessary when a share has been oversubscribed: "It is an important part of our corporate philosophy to include united Internet shareholders directly and automatically in the business success of our network companies."
The United Internet AG group comprises 17 innovative enterprises representing practically the complete Internet value added chain. The task of the management holding is to offer the companies in the network excellent development opportunities by providing management know-how, marketing services and growth capital.
The United Internet AG is Europe's leading alliance of Internet companies. The management holding, which is listed on Frankfurt's Neuer Markt, encompasses 17 innovative firms, including AdLINK, GMX, l&l Internet, twenty4help, gatrixx and Jobs & Adverts. All these enterprises make use of the outstanding cooperative potential and synergetic effects which the United Internet network offers them.
Burkhard Böndel Brodeur Kohtes & Klewes Tel.: 0211/38640-125 Fax: 0211/38640-300 Email: email@example.com
Matthias Riess United Internet AG Tel.: 02602/96-1076 Fax: 02602/96-1013 Email: firstname.lastname@example.org
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