Ad-hoc | 27 March 2000 09:27
Ad hoc-Service: United Internet AG
Englisch
Ad hoc-Mitteilung verarbeitet und übermittelt durch die DGAP.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
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Jobs & Adverts to seek Neuer Markt listing Preferential treatment
for United Internet shareholders
Montabaur, Bad Homburg, March 27, 2000. Jobs & Adverts, Germany’s
leading commercial online job market, is the first of United
Internet’s network of companies to announce its IPO. As of April 5,
2000, the company’s shares will be traded in the Neuer Markt segment
of the Frankfurt Stock Exchange. United Internet AG will retain
26.4% of Jobs & Adverts after the flotation and is offering its
shareholders preferential allocation rights for the subscription.
United Internet shareholders will be entitled to receive shares at
the official issuing price and will not be dependent on the luck of
the draw – as is usually the case for greatly over-subscribed
issues. The subscription ratio is 9 to 1, i.e. for every 9 bearer
shares of United Internet AG held on March 29, 2000, the owner will
be entitled to receive at least one share in Jobs & Adverts AG at
the price set for the public offer. Subscription will not be
possible for remaining amounts of less than nine bearer shares in
United Internet AG. The advanced subscription offer will be handled
by Bank Vontobel AG. Shareholders of United Internet AG can register
their orders from March 27 to March 29, 2000 (4 p.m.) with their
depositary banks. There will be no further advanced subscription
rights available after this time. The subscription rights cannot be
traded or transferred. Shareholders can receive further information
on the procedure from their respective depositary banks. “The IPO
will open up further growth potential on the growing Internet market
for our network member while allowing our shareholders to take an
active part in their success,” explains United Internet Board Member
Ralph Dommermuth.
Jobs & Adverts is one of Europe’s largest career networks. With its
“jobpilot” portals and over 45,000 job ads with more than 84,000
vacancies the company is currently represented in 15 European
nations. In 1999 alone the number of job adverts rose by a factor of
three. The company’s clients include 28 of Germany’s 30 DAX-listed
companies and 35 of the NEMAX50 (top high-tech companies). Jobs &
Adverts is focussing its expansion strategy on the European market.
United Internet AG comprises 17 innovative companies involved in the
Internet value chain. As a management holding company, United
Internet AG’s task is to create an optimal growth and earnings
environment for its network of Internet high-flyers by providing
capital, management know-how and marketing services. In return,
United Internet and its shareholders profit from the above-average
growth of the company’s participations. As part of this strategy,
the company plans to lead further Group members to the Stock
Exchange in the coming months. “The IPOs and the preferential
subscription rights are a further decisive step in our shareholder-
friendly business model,” stresses Ralph Dommermuth.
United Internet contact partners for the press:
Burkhard Böndel
Brodeur Kohtes & Klewes
Phone: +49 211/38640-125
Fax: +49 211/38640-300
E-mail: bboendel@de.brodeur.com
Matthias Rieß
United Internet AG
Phone: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: mriess@united-internet.de
Jobs & Adverts contact partners for the press:
Ulla Erdmann
Kirchhoff Consult AG
Phone: +49 40-609 186 34
Fax: +49 40-609 186 71
E-mail: ulla.erdmann@kirchhoff.de
Dr. Roland Metzger
CEO Jobs & Adverts AG
Phone: +49 6172-919 110
Fax: +49 6172-919 544
E-mail: presse@jobpilot.de
www.jobpilot.de
Ende der Mitteilung