Ad-hoc | 18 November 2002 14:03

Telegate AG english

Shareholders Meeting of telegate AG decided to realize capital increase Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Shareholders Meeting of telegate AG decided to realize capital increase The new business year starts with a much stronger balance sheet Munich, November 18, 2002.In todays extraordinary shareholders meeting, the Munich-based telegate AG resolved up on a capital increase against contribution in kind and a capital increase against contribution in cash. For the capital increase against contribution in kind telegates main shareholder SEAT Pagine Gialle brings in a part of its receivable against telegate. In telegates balance sheet, this will lead to a reduction of debt of Euro 30.3 million and an according increase of equity capital. SEAT applies for 8.214.355 shares with a nominal value of one Euro and a stock price of 3.69 Euro. The capital increase against contribution in kind is supposed to be enlisted in the commercial register still this year. In order to avoid a dilution of the actual shares of SEAT and all free shareholders, today it was also decided to realize a capital increase against contribution in cash. This will be accomplished by the beginning of next year. Up to 4.515.645 million individual share certificates will be offered for a price of 3.69 Euro. Press Information: Anja Meyer Tel.: 089/ 8954-1188 e-mail: anja.meyer@telegate.com Financial Information: Marc Langner Tel.: 089/ 8954-1120 e-mail: marc.langner@telegate.com end of ad-hoc-announcement (c)DGAP 18.11.2002 ——————————————————————————– WKN: 511880; ISIN: DE0005118806; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 181403 Nov 02