ESCOM Increases Share Capital
Bochum/Heppenheim, 7 March 1996. ESCOM AG today increased its capital with a
cash outlay by DM 59,994,000. The nominal amount of the capital increase is
DM 30,300,000. The new shares have been taken over by Commerzbank AG for the
issue consortium and will be offered to shareholders at the earliest possible
date after presentation of the 1995 annual report. The increase in capital is
part of an agreement between the company, its associates and bankers, by
which the company acquires new resources amounting to approximatively DM 100
million.
Manfred Schmitt, principal shareholder in ESCOM AG, has simultaneously
transferred 16 per cent of the base capital to the BV
Beteiligungsgesellschaft mbH, a subsidiary of the Bayerische Vereinsbank AG,
and a further 2.5 per cent of the base capital to Siemens Nixdorf
Informationssysteme AG in Paderborn and Munich, whose shareholding is hereby
increased to 12.5%. In doing so, Manfred Schmitt's share has been cut by
nearly 30 per cent. A further major shareholder is Quelle Schickedanz AG & Co
in Fürth, whose share at 25 per cent remains unchanged.
By this action shareholders and banks have created the right conditions to
give ESCOM AG a more solid financial base and an extension of its circle of
shareholders enabling it to develop its business successfully.
Info: Gilles Bourdin / Public Relations
AMIGA Technologies - Berliner Ring 89 - D-64625 Bensheim
Tel +49 6252 709 195 - Fax +49 6252 709 520
email
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AMIGA Copyright 1996 by AMIGA Technologies GmbH - Editor: Dr. Peter Kittel
Send comments to - Date: 07.03.96