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.

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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.


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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

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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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