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Ecotel Communication AG:Re-placement of shares of pre-IPO investors completed – free float increased – new core investor
ecotel communication ag / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Transparency disclosure in accordance with Article 17 (2) of the Terms and
Conditions for the Regulated Inofficial Market of the Frankfurt Stock
Exchange:
Re-placement of shares of pre-IPO investors completed – free float
increased – new core investor
Düsseldorf, 12. Juli 2007
According to official information received by ecotel on July 10, 2007
Absolute Activist Value Fund Ltd. holds more than 25% of ecotel’s share
capital. The current major stock owners of ecotel are therefore Peter Zils
(CEO of ecotel) with 35% of the shares and the Absolute Activist Value Fund
with over 25% of the shares. The remaining 40% of the outstanding shares
are free float. The re-placement of ecotel shares of the pre-IPO investors
is therefore nearly completed.
'We are happy about the successful re-placement of the shares of the
pre-IPO investors in the past three months and want to thank them for the
trust they had placed in our company. Compared to the IPO in March 2006 we
now have a much higher free float. We see Absolute Activist Value Fund as a
competent and financially strong partner and are happy to have him on
board', says Peter Zils, CEO of ecotel.
'With ecotel we have found a company, which offers significant growth
potential in a dynamic market environment and which represents a high
strategic value', says Florian Homm of the Absolute Activist Value Fund.
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Information and Explaination of the Issuer to this News:
About ecotel communication ag:
As a telecommunications company that operates throughout Germany, ecotel
communication ag specialises in the requirements of small and medium-sized
enterprises. In its core 'Business Customer Solutions' division, ecotel
offers innovative voice, data and value added services including direct
connections as a full, low-cost package from a single source. Since
acquiring Tiscali Nacamar GmbH in March 2007 (now operating under nacamar
GmbH), ecotel also has professional data services such as secure networking
of corporate locations (VPN) in its portfolio and operates its own German
backbone network including a data centre in Frankfurt. The Company now
provides more than 45.000 business customers from all sectors throughout
Germany with standardised and individual telecommunications solutions.
In its second division 'Resale' the company provides telecoms carrier
services to other telecoms operators and non-industry distributors as well
as wholesale services. In addition, ecotel operates a state-of-the-art
Wholesale platform for the inter company trade of telephony minutes with
over 70 national and international carriers and broadens its value chain
for the core business 'business customers'.
ecotel was founded in 1998 and is headquartered in Düsseldorf. At present,
the group has over 200 employees. It is among the fastest growing
technology companies and was ranked 8th and 38th in 2005 and 2006 in the
Deloitte 'Technology Fast 50' competition.
Please note:
This publication does not constitute an offer for the sale of shares in the
company or a solicitation of an offer for the purchase of shares in the
company. Furthermore this publication shall not constitute a securities
prospectus. This document must not be distributed outside of Germany, in
particular not in the United States of America, Canada, Australia or
Japan.
Press contact:
ecotel communication ag
Wirtschafts- und Finanzmedien
Annette Drescher (Assistentin des Vorstandes)
Tel.: 0211-55 007-740
Fax: 0211-55 007 5 740
Email: presse@ecotel.de
Fachmedien
Alexandra Rath
Tel.: 0211-55 007-310
Fax: 0211-55 007 5 310
Email: presse@ecotel.de
Further information: www.ecotel.de.
DGAP 12.07.2007
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Language: English
Issuer: ecotel communication ag
Prinzenallee 9-11
40549 Düsseldorf Deutschland
Phone: +49 (0)211 55 00 7300
Fax: +49 (0)211 55 00 75300
E-mail: achim.theis@ecotel.de
Internet: www.ecotel.de
ISIN: DE0005854343
WKN: 585434
Indices:
Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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