DGAP-Adhoc

Gigaset Group reorganizes brand and domain portfolio

Gigaset AG / Key word(s): Contract/Miscellaneous

25.06.2015 13:29

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Ad hoc Release
WKN: 515600 / WKN A14KQ7
Munich, June 25, 2015

Gigaset Group reorganizes brand and domain portfolio
The Executive Board and Supervisory Board of Gigaset AG agreed under the
resolutions they adopted today that Gigaset Communications GmbH, a
subsidiary that is wholly owned indirectly by Gigaset AG, is to extensively
reorganize its brand portfolio.

As part of the transaction that was signed today, Gigaset Communications
GmbH will, among other things, sell the word mark and word/figurative mark
"Gigaset" to Goldin Brand Ltd., a subsidiary of Goldin Fund Pte. Ltd.
However, Gigaset Communications GmbH will retain its rights to use the
marks, provided that relates to the existing business of Gigaset
Communications GmbH and its affiliated companies. Gigaset Communications
GmbH and its affiliated companies will still be entitled to use the marks
permanently, free of charge and largely exclusively.

In particular, the mark "Gigaset" will be exclusively available to Gigaset
Communications GmbH and its affiliated companies in the business segments
Cordless Phones, Gigaset Pro and Accessories; the same goes for products in
the category Internet of Things for the mark "Gigaset Elements."

The purchase price for the marks is EUR 29 million and is payable in cash
to Gigaset Communications GmbH concurrently with transfer of the marks, but
on September 30, 2015, at the latest.

Gigaset Communications GmbH will also sell and transfer a number of
Internet domains to Goldin Brand Ltd., including the domain gigaset.com,
effective January 8, 2016. The purchase price for the domains is EUR 6
million. This part of the transaction is contingent on the conclusion of a
separate agreement between the parties on shared use of the domains and
joint brand management.

The proceeds will improve the financial freedom of Gigaset Communications
GmbH and make it more independent of external funding. The fairness of the
purchase prices have been confirmed by a Fairness Opinion from a well-known
German auditing firm.

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Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. It is Europe's market leader in DECT telephones.
The premium supplier is likewise the leader worldwide with around 1,400
employees and sales activities in around 70 countries. Under the name
Gigaset pro, the company continues to develop and market innovative
business telephony solutions for small and medium-sized enterprises. The
company also operates in the smart home arena. Cutting-edge, cloud-based
products and solutions for the smart home are developed and marketed under
the name Gigaset elements. Gigaset AG is listed on the Prime Standard of
Deutsche Börse and is therefore subject to the highest requirements for
transparency. Its shares are traded on the Frankfurt Stock Exchange under
the symbol 'GGS' (ISIN: DE0005156004).


25.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Gigaset AG
Seidlstraße 23
80335 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.gigaset.com
ISIN: DE0005156004
WKN: 515600
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of Announcement DGAP News-Service

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