Corporate | 21 April 2006 17:35
SINGULUS TECHNOLOGIES Beteiligungs GmbH and STEAG HamaTech Sign Control Agreement
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SINGULUS TECHNOLOGIES Beteiligungs GmbH and STEAG HamaTech Sign Control
Agreement
Kahl am Main, April 21, 2006 – SINGULUS TECHNOLOGIES Beteiligungs GmbH
(SINGULUS GmbH), a 100% subsidiary of the SINGULUS TECHNOLOGIES AG,
concluded a control agreement with the STEAG HamaTech AG on April 21, 2006.
In the course of the control agreement the SINGULUS GmbH offers the
outstanding shareholders of the STEAG HamaTech AG to exchange their shares
for a cash compensation of € 2.43 per unit share. This settlement offer can
be accepted by the outstanding shareholders of the STEAG HamaTech AG from
the time of the control agreement becoming effective (entry in the
Commercial Registry of the STEAG HamaTech AG). The control agreement is
subject to the approval by the shareholders’ meeting of the SINGULUS GmbH
as well as by the Supervisory Board and the Annual General Meeting of the
STEAG HamaTech AG.
The SINGULUS GmbH guarantees those shareholders who wish to remain
shareholders of the STEAG HamaTech AG, an annual profit share in the gross
amount of € 0.17 per unit share (currently net € 0.16) for each full
business year as an appropriate compensation.
The Executive Board of the STEAG HamaTech AG and the management of the
SINGULUS GmbH were assisted in the company valuation, on which the
determination of the cash compensation and the profit share is based, by
Dr. Ebner, Dr. Stolz und Partner GmbH, Wirtschaftsprüfungsgesellschaft
Steuerberatungsgesellschaft (Chartered Accountants), located in Stuttgart.
The auditor Warth & Klein GmbH, Dusseldorf, appointed by the District Court
Mannheim on March 14, 2006 confirmed the appropriateness of the
compensation and profit sharing.
Company profile:
With a consistent focus on its core competencies, since the management
buyout SINGULUS TECHNOLOGIES has transformed itself into the global leader
of machines and equipment for optical storage media within a time span of
ten years. Operating and acting according to the principles of
profitability always remained in the spotlight.
SINGULUS TECHNOLOGIES is the only equipment producer in the world offering
the entire value-added chain for the manufacturing of optical disc:
The machines range from mastering and injection molding to replication
lines. With the set-up of a very deep value-added chain in the past couple
of years, SINGULUS TECHNOLOGIES was successful in expanding the product
range for its customers. Thus, the position of SINGULUS TECHNOLOGIES in the
optical disc sector remains unique in the world.
It is our declared goal to include the new formats HD DVD and Blu-ray disc
in this structure as well. Due to the acquisition of STEAG HamaTech in
January 2006, SINGULUS TECHNOLOGIES is also excellently positioned
worldwide for machines of once-recordable formats. SINGULUS TECHNOLOGIES
still regards the market for machines to produce optical discs as its core
competence. This segment will also continue to safeguard the cash flow of
the company in the future and will be further developed technologically.
In addition, new business areas are intended to contribute to sales and
earnings in the future.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
For further information please contact:
Maren Schuster, Head of Investor Relations, Tel.: + 49 (0) 6188 440 612
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20
(c)DGAP 21.04.2006
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language: English
emitter: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main Deutschland
phone: +49 (0)6188 440-105
fax: +49 (0)6188 440-110
email: maren.schuster@singulus.de
WWW: www.singulus.de
ISIN: DE0007238909
WKN: 723890
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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