United Internet AG

ots Ad hoc-Service: United Internet AG United Internet shareholders to enjoy advance subscription right to GMX shares

The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Montabaur (ots Ad hoc-Service) - GMX AG, a member of the United Internet AG network of companies, is planning an IPO on the Frankfurt Neuer Markt on May 25. United Internet AG shareholders will be granted advance subscription rights to the new shares at a ratio of 4 to 1. Every four ordinary shares held in United Internet AG on May 11, 2000, will entitle shareholders to a preferential allocation of one GMX AG share. Up to 1,292,000 shares, or 24.6% of the share issue, excluding greenshoe, have been earmarked for this purpose. United Internet shareholders can exercise their advance subscription right between May 12 and mid-day on May 17 at the banks which handle their portfolios. Until the company goes public, United Internet will hold a 64.9% stake in leading German e-mail service provider GMX.

    "This is the third time within a short period that our shareholders have been given the opportunity of benefiting directly from the success of an IPO by one of our affiliated companies," said United Internet CEO Ralph Dommermuth, describing that offer that is being made to shareholders.

    United Internet is Europe's leading network of Internet companies. Seventeen innovative firms are united under the umbrella of the management holding company. They include, in addition to GMX, companies such as AdLINK, 1&1 Internet, twenty4help, gatrixx and Jobs & Adverts. They all use the cooperation opportunities and synergies that the United Internet network provides.


    Marcus Schaps United Internet AG Phone: +49-(0)2602/96-1076 Fax: +49-(0)2602/96-1013 Email: mschaps@united-internet.de

    Burkhard Böndel Brodeur Kohtes & Klewes Phone: +49- (0)211/38640-0 Fax: +49- (0)211/38640-200 Email: bboendel@de.brodeur.com

End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: United Internet AG, übermittelt durch news aktuell

Weitere Meldungen: United Internet AG

Das könnte Sie auch interessieren: