Investor Relations

News
Strategy
Publications
Vtion Shares
Share buy-back program
Ad hoc-Releases
Company Structure
Financial Key Figures
Financial Calendar
Corporate Governance
Directors Dealings
AGM
Delisting Purchase Offer

Investor Relations News

Vtion Wireless Technology AG: Aktienrückkaufprogramm beginnt heute

Freiwilliges Öffentliches Aktienrückkaufangebot

  • Acceptance Period: April 11, 2014 until and including May 9, 2014
  • The Buyback of up to 10 per cent of the share capital: 1,329849 shares

 

Frankfurt, April 11, 2014

Vtion Wireless Technology AG offers its shareholders to buyback their shares for 2.95 Euros per no-par bearer share of the company including all dividend claims.

The offer period lasts until May 9, 2014 and is restricted to the acquisition of in total up to 1,329,849 Vtion-shares representing a strictly arithmetically proportion of the current share capital of 10 per cent. In the event more than 1,329,849 Vtion-shares are tendered this offer, the declerations of acceptance will be considered proportionally.

Under the former authorization of the annual general meeting of the Company dated June 26, 2012 for the repurchase and utilization of treasury shares, the Company had repurchased in total 1,196,591 shares until September 26, 2012 by means of a public tender offer and via the stock exchange. On April 2, 2014 the Management Board and the Supervisory Board resolved to redeem these shares while correspondingly decreasing the Company's share capital. After the cancellation of the treasury stock, the share capital of the Company currently amounts to 13,298,495.00 Euros and is divided into 13,298,495 no-par value shares.

Vtion-Shareholders who intend to accept the Offer should address potential enquiries regarding the acceptance of the Offer and its technical processing to their respective custodian banks. The custodian banks have been separately informed about the handling of the acceptance of the Offer and its technical processing and are instructed to inform clients holding Vtion-Share in their custody account about the Offer and the steps required to accept the Offer.

All notifications in connection with the Offer is published on the Company's website (http://www.vtion.de) under the heading "Investor Relations / Share Buyback".

The shares of the share-buyback program are registered with the code ISIN DE000CHEN993 / WKN CHEN99.


About Vtion

The Vtion Group is a leading supplier of wireless computing solutions and products for mobile Internet access via broadband wireless networks in the People's Republic of China. The company offers tablet PC products and support services through its mobile intelligent terminals business segment, including both to the consumer market and industry-specific clients. Through its wholly owned subsidiary, Vtion Anzhuo, the company offers online applications for the Android operating system. For 2012, the company reached sales revenues of 75,6 million Euros with an EBIT margin of nine per cent. Vtion Wireless Technology AG shares are being traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993. The company's ticker symbol is V33.

 

For further information, please contact:

Kirchhoff Consult AG
Dr. Kay Baden, phone: +49 40 60 91 86 0, mail: baden@kirchhoff.de


Disclaimer concerning prognoses

This communication contains forward-looking statements. Forward-looking statements are statements that are not historical facts instead they reflect Vtion's current views and expectations and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialise or if the assumptions underlying any of Vtion's forward-looking statements are proving to be incorrect, Vtion's actual results may be materially different from those expressed or implied by such forward-looking statements. Vtion does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.

<< back