MAGIX GmbH & Co. KGaA
MAGIX AG to become a Management Holding
MAGIX AG / Key word(s): Strategic Company Decision 15.03.2012 15:13 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. --------------------------------------------------------------------------- Berlin, March 15, 2012 - Pursuant to an extensive analysis of the current structure of the MAGIX Group and binding confirmation from the responsible revenue authorities, the Management Board and the Supervisory Board have decided to transfer MAGIX AG operations to the subsidiary MAGIX Software GmbH (Berlin). As a result, MAGIX AG will function purely as a holding company. This restructuring will take place according to the regulations set out in the Reorganization Act and is tax-neutral. Along with MAGIX Software GmbH (Berlin), the holding will be made up of a total of eight independent entities including MAGIX Audio GmbH (Berlin), MAGIX Online Services GmbH (Berlin), mufin GmbH (Berlin), OpenSeminar GmbH (Zossen), simplitec GmbH (Berlin), Catooh Corp. (Las Vegas, USA) and The Xara Group Ltd. (Basingstoke, UK). The aim of this restructuring is to reduce the complexity of the Group's composition and procedures. This should also strengthen the image of the active subsidiaries and make the activities of the Group more transparent for the capital market. MAGIX AG operations will now be combined with those of MAGIX Software GmbH resulting in the centralization of development and marketing of multimedia products. This should allow the MAGIX Group to react more quickly and adeptly to market fluctuations. As a result of this restructuring, MAGIX AG will limit its functions to holding functions such as staff positions, accounting, human resources and legal matters. By centralizing these administrative activities within the Group, the resulting synergy will play a vital role in keeping the Group profitable and maintaining its growth in the coming years. The restructuring of operational activities to MAGIX Software GmbH requires the approval of MAGIX AG shareholders at the annual general meeting as well as the approval of MAGIX Software GmbH shareholders. A final decision will be made according to the agreements reached at the annual general meeting on April 30, 2012. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About MAGIX MAGIX is a leading provider of high-quality software, online services, and digital content for multimedia communication. Since 1993, MAGIX has developed top software in Germany for creating, editing, managing, and presenting photos, graphics, videos, and music. MAGIX also operates internationally with branches in the USA, Canada, Great Britain, France, Italy, Spain, and the Netherlands. The products are targeted at non-professionals as well as professionals, and go beyond the limits of personal computers to seamlessly integrated online and mobile phone applications. According to retail sales figures, MAGIX is the market leader in the field of multimedia software in Germany and in the most important European markets. It is also regarded as one of the most successful market participants in the USA. 15 years of market activity and more than a thousand awards worldwide are proof of the company's innovative power. MAGIX - Passion for Innovation Contact: MAGIX AG Dr. Sven Reichardt Friedrichstr. 200 10117 Berlin GERMANY Tel.: +49 (0)30 - 29 39 2 - 280 Fax: +49 (0)30 - 29 39 2 - 415 Email: ir@magix.net Web: http://ir.magix.com/ 15.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: MAGIX AG Friedrichstraße 200 10117 Berlin Germany Phone: +49 (0)30- 29 39 2-280 Fax: +49 (0)30- 29 39 2-415 E-mail: ir@magix.net Internet: www.magix.com ISIN: DE0007220782 WKN: 722078 Indices: Prime Software, Prime IG Software Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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