MAGIX AG: Buyback of shares and switch from Prime Standard to Entry Standard decided

MAGIX AG  / Key word(s): Share Buyback/Miscellaneous

20.07.2012 14:50

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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Berlin, July 20, 2012 - The management board of MAGIX AG (ISIN
DE0007220782) with the approval of the supervisory board has today
announced an offer to all shareholders for a voluntary and public buyback
of shares. The board also announced that the company's registration will be
switched from the regulated market of the Frankfurt Stock Exchange (Prime
Standard) to the Entry Standard segment (Open Market).

The basis of the share buyback is the decision reached at the shareholders'
meeting on March 10, 2010 that allows the management board to purchase up
to nearly 10% of the total share capital. The offer applies to the purchase
of up to 1,043,290 shares. The offer is valid from Wednesday July 25, 2012
until Friday August 31, 2012 at 12:00 pm CEST. The purchase price of EUR
2.30 per share offered by the company (excluding auxiliary purchasing
costs) lies within the span of 10% above or below the average closing price
of the Xetra trading system of the Frankfurt Stock Exchange on the 4th to
10th day of trading before publication of the offer in accordance with the
decision of the shareholders' meeting on March 10, 2010. The total volume
of the buyback is therefore approximately EUR 2.4 million.

The purchased shares can be used for all purposes laid out in the
authorization resolution established at the shareholders' meeting. The
company will release further details about the buyback offer shortly before
it comes into force, probably on Wednesday July 25, 2012 in the Federal
Gazette ('Bundesanzeiger') and at ir.magix.com.

From a legal standpoint the buyback offer will take place completely
independently of the decision to switch to a different stock exchange
segment. The intended switchover from Prime Standard to the quality segment
Entry Standard is meant to reduce the overheads resulting from the stock
exchange listing. The quality segment Entry Standard will still offer
shareholders sufficient transparency. Trading of the MAGIX share on the
German electronic exchange XETRA and the engagement of the designated
sponsor will remain unchanged.

An application for the segment change will soon be submitted to the
Frankfurt Stock Exchange. Inclusion in the Entry Standard segment of the
open market shall take place at the exact point in time that the
accreditation for the regulated market is withdrawn.


About MAGIX
MAGIX AG is a management holding with several subsidiaries and offices
around the globe. The subsidiaries have different business models but are
all mainly active in the fields of software, online services and digital
content. The subsidiaries currently have approximately 340 employees.

Contact:
Dr. Sven Reichardt
MAGIX AG
Tel 030-29392280
Fax 030-29392415
ir[at]magix.net


20.07.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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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