Transfer to the regulated market („Geregelter Markt“) requested
- Transfer of BRAINPOOL TV AG from the Neuer Markt to the regulated market („Geregelter Markt“) requested from January 14, 2002
- Last day of trading of BRAINPOOL TV AG on the Neuer Markt expected on January 11, 2002
- Short-term squeeze-out of the remaining minority shareholders of BRAINPOOL TV AG envisaged
Cologne, December 21, 2001. BRAINPOOL TV AG has requested at the Deutsche Börse AG to delist the shares of BRAINPOOL TV AG on the Neuer Markt by the end of January 11, 2002. The listing of BRAINPOOL TV AG will be maintained on the regulated market („Geregelter Markt“) of the Frankfurt Stock Exchange starting January 14,, 2002.
VIVA Media AG would like to remind all existing remaining minority shareholders of BRAINPOOL TV AG that given the extremely low volumes of the remaining traded BRAINPOOL shares an orderly trading of the BRAINPOOL shares can be only possible in very limited circumstances or not at all anymore. Designated sponsoring of the BRAINPOOL TV AG shares will cease by the end of 2001.
Following the successful completion of the public tender offer of VIVA Media AG to the shareholders of BRAINPOOL TV AG, VIVA Media AG controls more than 96% of BRAINPOOL TV AG. Hence, VIVA Media AG can squeeze out the remaining minority shareholders of BRAINPOOL TV AG. This measure is expected to be carried out in the very near future in 2002.