Ad hoc announcement of 8 November 2011
Today the majority shareholder of PROCON Multimedia Aktiengesellschaft, Hamburg (the ´Company´), MHG Media Holdings AG, Düsseldorf (´MHG´), informed the board of directors of the Company that it has set the cash compensation for the transfer of the shares from the minority shareholders of the Company to MHG at EUR 1.82 per no-par value share in compliance with section 62 para 5 sentence 1 German Reorganisation Act (UmwG) in conjunction with §§ 327a ff. German Stock Corporation Act (AktG). The exclusion of the minority shareholders shall take place in connection with a merger of the Company onto MHG (merger related squeeze-out). This merger is based on a merger agreement entered into between the Company and MHG on November 3, 2011.
A resolution on the squeeze-out shall be passed in an extraordinary shareholders´ meeting of PROCON MultiMedia Aktiengesellschaft, which has to take place within three months after the notarization of the merger agreement. The extraordinary shareholders´ meeting will presumably take place on December 22, 2011.
Board of directors
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