BRAINPOOL TV AG shares no longer traded
The German Bourse has agreed to BRAINPOOL TV AG’s request to suspend trading of the shares and has stopped trading BRAINPOOL TV AG shares (formerly security identification number 518890) with immediate effect.
On the basis of a resolution passed by the BRAINPOOL TV AG AGM on May 31, 2002 and the corresponding BRAINPOOL TV AG registry entry dated June 28, 2002 in accordance with §§ 327 a, 327 e Section 3 Clause 1 of the German Stock Corporation Law (exclusion of minority shareholders), VIVA Media AG had previously purchased all BRAINPOOL TV AG shares.
With this, VIVA Media AG has successfully and – as scheduled – quickly carried out the formal steps to exclude minority shareholders and to suspend trading of BRAINPOOL TV AG shares announced with the takeover of BRAINPOOL TV AG in November/December, 2001. With the suspension of the BRAINPOOL TV AG shares, and – most recently – with just over 400,000 shares in circulation, VIVA Media AG has managed to reduce costs considerably.
Throughout the entire transaction, VIVA Media AG has been advised by the investment bank UBS Warburg.
VIVA Media AG. Im Mediapark 2. D-50670 Cologne, Germany. www.vivamediaag.com
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