DGAP-Adhoc: TELES AG Informationstechnologien: Annulment Action against Capital Reduction - Suspension of Proceedings

TELES AG Informationstechnologien  / Key word(s): Corporate Action

13.08.2012 16:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad-Hoc Shareholder's/ Press Release in accordance with § 15 WpHG

Annulment Action against Capital Reduction - Suspension of Proceedings

Berlin, August 13, 2012 

A shareholder has filed at the Regional Court of Berlin (file number 100 O
4/12) an annulment action against a resolution adopted by the Annual
General Meeting on December 5, 2011 under agenda item 4 relating a capital
reduction.

On August 10, 2012 the Supervisory Board of TELES decided to submit a
proposal to the General Meeting suggesting the annulment of the capital
reduction resolution on the next Annual General Meeting. The main
shareholder, Prof. Dr.-Ing. Schindler, intends to vote on the next Annual
General Meeting for the annulment of the capital reduction resolution with
all shares held directly and indirectly by him.

In light of this, on August 10, 2012 the parties agreed within a settlement
agreement to unanimously apply for the suspension of the proceedings. The
plaintiff agreed to abandon the claim immediately after the Annual General
Meeting passed a resolution relating the annulment of the capital reduction
resolution.

All details of the settlement agreement will be published within the
Federal Gazette.

TELES AG Informationstechnologien
Board of Directors  


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Language:     English
Company:      TELES AG Informationstechnologien
              Ernst-Reuter-Platz 8
              10587 Berlin
              Germany
Phone:        030-39928-00
Fax:          030-39928-01
E-mail:       IRInfo@teles.de
Internet:     http://www.teles.de
ISIN:         DE0007454902
WKN:          745490
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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