DGAP-Adhoc

Cancellation of 1,196,591 treasury shares - Voluntary tender offer to buy back own shares - Dividend payment for 2013

Vtion Wireless Technology AG / Key word(s): Share Buyback/Dividend

02.04.2014 12:38

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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Vtion Wireless Technology AG

Ad hoc-announcement pursuant to Section 15 German Securities Trading Act

Cancellation of 1,196,591 treasury shares - Voluntary tender offer to buy
back own shares - Dividend payment for 2013

Frankfurt, 2 April 2014. The Management Board and the Supervisory Board of
Vtion Wireless Technology AG today resolved to redeem in total 1,196,591
treasury shares which had been acquired under a voluntary public tender
offer to all shareholders between 5 September 2012 and 26 September 2012
and to reduce the Company's share capital accordingly.

The share capital of the Company now amounts to EUR 13,298,495.00 and is
divided into 13,298,495 no par value bearer shares with a nominal value
amount of EUR 1.00 each.

The Management Board further decided to offer all of its shareholders to
buy back treasury shares by means of a new voluntary tender offer. The
planned offer price is EUR 2.95 per share corresponding a premium of
approximately 20 per cent of the average stock market price between 19
March and 27 March. The intended offer period of 4 weeks is expected to
commence in the course of next week.

The maximum volume of the tender offer will be limited to a total number of
1,329,849 shares. In case of over-subscription, the offers will be accepted
proportionally. The details of the offer will be described in the offer
document, that will be published in the electronic federal gazette
(Bundesanzeiger) as well as on the Company's website.

As in the previous year the company plans a dividend payment of 15 per cent
of Vtion's operating net profit of 2013.


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Information and Explaination of the Issuer to this News:

Additional Information:

Frankfurt Stock Exchange - Prime Standard
ISIN: DE000CHEN993 / WKN: CHEN99

For further information, please contact:
Kirchhoff Consult AG
Dr Kay Baden, tel.: [phone], [e-mail]
or visit the company website at: www.vtion.de

Disclaimer:

This release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of
any such offer in the United States or any other jurisdiction. The