Vtion Wireless Technology AG: Voluntary tender offer to buy back treasury shares / Reduction of the company's share capital intended

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

04.06.2012 14:55

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, 4 June 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 share amounts to EUR 3.80, which includes a premium to
the current share price of approx. 10%. The offer period runs from 5 June
2012 until (and including) 18 June 2012. Under the offer, Vtion may
repurchase a total of up to 660,000 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 offer
document, which will be published on 5 June 2012 with the Bundesanzeiger
and on the Company's website.

The previous share buyback program, under which the Company has acquired
936,160 Vtion shares as of today, has been concluded on 30 May 2012.

The management board intends, by means of one or more resolutions and if
possible until the annual general meeting of the company on 26 June 2012,
to reduce the company's share capital by redeeming the treasury shares
acquired under the share buyback program and the public tender offer. The
management board is entitled to such measure under the authorization
granted by the annual general meeting of the Company dated 22 June 2010,
without any further resolution of the annual general meeting required. The
redemption and the reduction of the share capital are, however, still
subject to the approval of the supervisory board. Should the tender offer
be fully accepted, the share capital of the Company would be reduced from
EUR 15,980,000 by up to EUR 1,596,160 to EUR 14,383,840 by redeeming
1,596,160 treasury shares with a notional amount of the Company's share
capital of EUR 1.00.

Upon redemption of the treasury shares while reducing the share capital,
the remaining shares gain a relatively higher weight since they represent a
larger share in the Company. In addition, the dividend per share for the
fiscal year 2011 is likely to increase, since the management board intends
to leave the total amount of dividend of EUR 792,000, as already published
in the proposal for the distribution of profits for the fiscal year 2011,
unchanged.


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Information and Explaination of the Issuer to this News:

Additional information:

ISIN: DE000CHEN993
Securities Identification No. (WKN): CHEN99
Listing: 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 proposals
described in this announcement. The shares may not be offered to the public
in any jurisdiction in circumstances 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 possession or 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.

04.06.2012 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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