DGAP-Adhoc: telegate AG postpones the Annual General Meeting

telegate AG / Key word(s): AGM/EGM

28.05.2013 21:46

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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telegate AG's major shareholder, SEAT Pagine Gialle S.p.A., today informed
telegate AG, that it is not in a position to vote in favor of the proposed
appropriation of the retained profit for the financial year 2012.

Planegg-Martinsried, on 28.05.2013 - With today's resolution the Management
Board of telegate AG decided to postpone the Annual General Meeting that
was supposed to decide, among other things, on the appropriation of the
retained profit for the fiscal year 2012.
The General Meeting set for June 5, 2013 is cancelled. A new invitation
will follow on a not yet determined date.

Reason for such postponement is an information provided to telegate AG's
Management Board by the major shareholder SEAT Pagine Gialle S.p.A.
('SEAT'), which filed an application for an admission to the Composition
with Creditors Procedure under Italian Insolvency Law ('Concordato
preventivo').

SEAT informed that at present it is not in a position to vote in favor of
the proposed appropriation of the retained profit for the financial year
2012 due to the pending restructuring process. Thus, the proposal is not
capable to win a majority.

SEAT Pagine Gialle S.p.A. indirectly holds 77,4 percent of the telegate's
capital stock entitled to vote. The appropriation of the retained profit
for the financial year 2012 as proposed by the Management Board and
Supervisory Board provides for a distribution by paying out a dividend of
EUR 2,00 per individual share.

Even after reconsideration Telegate AG's Management Board considers the
proposal for the appropriation of the retained profit for the financial
year 2012 as issued economically reasonable and fair. Further, SEAT Pagine
Gialle S.p.A. informed that the main reasons for the current decline will
probably cease to exist in the future. Therefore, the Management Board
decided to postpone the General Meeting.

Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: anja.meyer@telegate.com

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Language: English
Company: telegate AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Germany
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: info@telegate.de
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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