DGAP-Adhoc: telegate Management Board convenes Annual General Meeting including a proposal of EUR 2.00 regarding profit appropriation

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

18.07.2013 15:38

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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München / Planegg, 18 July 2013 - The Management Board of telegate AG today
convened this year's Annual General Meeting to take place on 27 August
2013. Both the Management Board and the Supervisory Board again propose to
pay a dividend of EUR 2.00 per no-par value share. As announced in the ad
hoc release dated 28 May 2013, both boards believe that this proposal is
financially appropriate.

According to the knowledge of the Management Board, the majority
shareholder SEAT Pagine Gialle S.p.A. (SEAT), which directly and indirectly
holds 77.4% of the voting rights, may now be able to agree to this
proposal. SEAT has, however, informed the Management Board that there may
be some uncertainty as to the on-going restructuring process under
insolvency law. According to SEAT's press release of 10 July 2013, the
competent court formally admitted SEAT to the composition with creditors
procedure ('procedura di concordato preventivo') under Italian insolvency
law.

The Annual General Meeting has to be reconvened because the Management
Board had cancelled the Annual General Meeting originally scheduled for 05
June 2013 after SEAT had announced that it had to oppose the profit
appropriation proposal at that point in time. Section 175 (1) clause 2
German Stock Corporation Act requires that the Annual General Meeting take
place during the first eight months of the financial year, which in the
case of telegate AG is on 31 August 2013 at the latest.

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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