Ad-hoc | 6 November 2005 23:33
Singulus Technologies AG:Agreement to acquire 66.28 % of STEAG HamaTech
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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SINGULUS TECHNOLOGIES: Agreement to acquire 66.28 % of STEAG HamaTech
Kahl am Main, November 6, 2005 – The SINGULUS TECHNOLOGIES AG (SINGULUS)
concluded an agreement with the main shareholder SES-Beteiligungs GmbH (SES)
to acquire 66.28 percent of the shares of competitor STEAG HamaTech AG. Today,
the Supervisory Board and the Executive Board of SINGULUS made the respective
decisions. The purchase price will be paid in cash with liquid funds
available to SINGULUS and totals EUR 10.1 million at maximum, which
corresponds to an amount of EUR 0.51 per share. This amount is significantly
below the proportionate nominal value of EUR 1 per share and also below the
proportionate equity of STEAG HamaTech AG. In addition, a shareholder loan of
EUR 2.2 million will be transferred from SES to SINGULUS. SINGULUS intends to
acquire a majority of at least 75 % of the shares of STEAG HamaTech AG.
SINGULUS, as the world’s largest manufacturer of production machines for
optical storage media, increases its market position in the recordable segment
through this acquisition. SINGULUS expects that the combined pro-forma sales
of the two companies will be in the area of about EUR 350 million in 2005.
For further information please contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6188 440 106
SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
ISIN: DE0007238909 (TecDAX)
WKN: 723890
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 06.11.2005