DGAP-Adhoc: Cancellation of 1,196,591 treasury shares -

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News Desk 2018

Apr 2, 2014 at 6:45 AM

DGAP-Adhoc: Cancellation of 1,196,591 treasury shares - Voluntary tender offer to buy back own shares - Dividend payment for 2013

Vtion Wireless Technology AG / Key word(s): Share Buyback/Dividend 02.04.2014 12:38 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Vtion Wireless Technology AG Ad hoc-announcement pursuant to Section 15 German Securities Trading Act Cancellation of 1,196,591 treasury shares - Voluntary tender offer to buy back own shares - Dividend payment for 2013 Frankfurt, 2 April 2014. The Management Board and the Supervisory Board of Vtion Wireless Technology AG today resolved to redeem in total 1,196,591 treasury shares which had been acquired under a voluntary public tender offer to all shareholders between 5 September 2012 and 26 September 2012 and to reduce the Company's share capital accordingly. The share capital of the Company now amounts to EUR 13,298,495.00 and is divided into 13,298,495 no par value bearer shares with a nominal value amount of EUR 1.00 each. The Management Board further decided to offer all of its shareholders to buy back treasury shares by means of a new voluntary tender offer. The planned offer price is EUR 2.95 per share corresponding a premium of approximately 20 per cent of the average stock market price between 19 March and 27 March. The intended offer period of 4 weeks is expected to commence in the course of next week. The maximum volume of the tender offer will be limited to a total number of 1,329,849 shares. In case of over-subscription, the offers will be accepted proportionally. The details of the offer will be described in the offer document, that will be published in the electronic federal gazette (Bundesanzeiger) as well as on the Company's website. As in the previous year the company plans a dividend payment of 15 per cent of Vtion's operating net profit of 2013. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Additional Information: Frankfurt Stock Exchange - Prime Standard ISIN: DE000CHEN993 / WKN: CHEN99 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 or any of its 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. 02.04.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Vtion Wireless Technology AG Westhafenplatz 1 (Westfalen Tower) 60327 Frankfurt Germany Phone: +49 69 710 456 245 Fax: +49 69 710 456 248 E-mail: ir@vtion.de,Janina.schumann@kirchhoff.de Internet: www.vtion.de ISIN: DE000CHEN993 WKN: CHEN99 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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