itelligence AG: Squeeze-out procedure - Determination of adequate cash compensation and further specification of squeeze-out request

(PresseBox) ( Bielefeld, )
Today, NTT DATA EUROPE GmbH & Co. KG with its seat in Duesseldorf, informed the Management Board of itelligence AG that it has set the adequate cash compensation for the transfer of the shares of the minority shareholders of itelligence AG to NTT DATA EUROPE GmbH & Co. KG as major shareholder in accordance with the procedure pursuant to §§ 327a et seq. AktG (squeeze-out proceeding) to EUR 10.80 per bearer share with no par value of itelligence AG. Thereby, NTT DATA EUROPE GmbH & Co. KG confirms and specifies its squeeze-out request submitted to the Management Board of itelligence AG on December 28, 2012 according to § 327a para. 1 AktG.

It is expected that the next ordinary shareholder meeting of itelligence AG, which is still to be convened and which is currently scheduled to be held on May 23, 2013, will resolve on the squeeze-out.
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