Assessment of auditors finalized; Value ratio confirmed of 1 Kontron to 1.53 JUMPtec shares
Eching, Germany, April 29th, 2002 - Kontron and JUMPtec sign merger contract
- Assessment of auditors finalised
- Value ratio confirmed of 1 Kontron to 1.53 JUMPtec shares
- Exchange ratio of shares set
- High increase in profits expected
Kontron Embedded Computers AG, Eching and JUMPtec Industrielle Computertechnik AG, Deggendorf, have fixed the share exchange ratio and signed the merger contract to form Kontron AG ("Kontron neu") as planned after the extensive assessment process by two auditors was completed. The following share exchange ratios were agreed on: 10 Kontron "old" shares for 11 "new" Kontron shares and 7 JUMPtec shares for 5 "new" Kontron shares. In addition, JUMPtec shareholders receive EUR 0,01739 per JUMPtec share in cash as compensation, the payment sum being rounded up to full euro cents.
Partial share rights may emerge for both JUMPtec and Kontron shareholders as a result of these exchange ratios. Shareholders affected will be informed by their deposit banks as to the regulation of this (purchase or sale of partial rights).
At the major shareholder meetings of the two companies - expected to be held on 19th June for JUMPtec and 3rd July for Kontron - resolutions are to passed on the merger contract. Conditional upon the agreement of the two assemblies, it is expected the worlds largest ECT supplier (1400 staff, revenue 2001: EUR 268 million) will be created as of August this year, covering the entire product and supply chain in this sector for the first time. The companies have already identified extensive profit increase potential in their integration teams, and these will be implemented immediately after the merger is effected.
JUMPtec Industrielle Computertechnik AG
Tel: 0991/37024902, Fax: 0991/37024107
For further information:
Dr. Udo Nimsdorf
Engel & Zimmermann AG
Tel: 089-89 35 633