Vtion Wireless Technology AG

  • WKN: CHEN99
  • ISIN: DE000CHEN993
  • Land: Deutschland

Nachricht vom 03.09.2012 | 10:08

Vtion Wireless Technology AG: Voluntary tender offer to buy back shares/ Offer price of EUR 4.15 per Vtion share

Vtion Wireless Technology AG  / Key word(s): Share Buyback

03.09.2012 10:08

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.

Frankfurt, 3 September 2012.The management board of Vtion Wireless Technology AG, one of the leading suppliers of wireless data solutions for mobile computing in China, today resolved to offer all of its shareholders to buy back treasury shares by means of a voluntary tender offer. The offer price per tendered Vtion shares amounts to EUR 4.15, which equates to a premium to the current share price of approx. 10%. The offer period runs from 5 September 2012 until (and including) 26 September 2012. Under the offer, Vtion may repurchase a total of up to 1,449,508 treasury shares. In case of over-subscription, the offers will be accepted proportionally. The terms and conditions of the offer are described in more detail in the tender offer memorandum, which will be published on 5 September 2012 in the Bundesanzeiger and on the Company's website.
Information and Explaination of the Issuer to this News: Additional information: ISIN: DE000CHEN993 Securities Identification no. (WKN): CHEN99 Regulated Market / Prime Standard at Frankfurt Stock Exchange Registered office of the company: Germany For further information, please contact: Kirchhoff Consult AG Dr Kay Baden, tel.: +49 40 60 91 86 39, baden@kirchhoff.de or visit the company website at: www.vtion.de Disclaimer: This release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither Vtion Wireless Technology AG ('Vtion') nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposalsdescribed in this announcement. The shares may not be offered to the public in any jurisdiction incircumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by Vtion, M.M. Warburg & Co. KGaA or any of their respective affiliates that would permit an offering of the shares or possessionor distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. As far as this release contains forward-looking statements with respect to the business, financial condition and results of operations of Vtion, these statements are based on current expectations or beliefs of Vtion's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment - especially in the core business segments and markets of Vtion. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. Vtion undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 03.09.2012 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: Vtion Wireless Technology AG Westhafen Plaza 1 60327 Frankfurt Germany Phone: +49 69 710 456 245 Fax: +49 69 710 456 248 E-mail: ir@vtion.de;verena.rauch@kirchhoff.de Internet: www.vtion.de ISIN: DE000CHEN993 WKN: CHEN99 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service

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