Gigabell-Einschätzung Angebot an Freie Aktionäre - 500 Beiträge pro Seite

[SKagt]

DG Bank betrachtet Gigabell skeptisch

"Die DG Bank stehe Gigabell auch nach dem Übernahmeangebot der Aktien von Hauptaktionär Daniel David durch die finnische Saunalahti Oyj skeptisch gegenüber und stufe den Wert weiter mit "Verkaufen" ein. Fundamental habe sich an der Situation des Multiservice-Provider nichts geändert, so der zuständige Analyst. Die Gesellschaft brauche weiterhin Geld. Selbst wenn es zu einem Verkauf des Aktienpakets komme, würde davon nicht die Gesellschaft, sondern lediglich Gesellschafter David profitieren.
Falls die Transaktion tatsächlich stattfinde, könne durchaus ein Übernahmeangebot an die freien Aktionäre des Unternehmens erfolgen. "

Insbesondere der letzte Satz ist wichtig

[Stilcom]

heisst das wir bekommen nichts??? als freie Aktionäre

[Joggerin]

Was bedeutet der letzte Satz? Ich habe Gigabell heute morgen gleich verkauft, bin aber doch am überlegen, ob ich nicht noch einmal einsteige.

Gruss
Jo

[SKagt]

Manchmal möchte ich weinen, ihr lest immer nur das Schlechte aber nie das offensichtliche.

Die Finnen werden an einer "Auszahlung" der Kleinaktionäre nicht vorbeikommen, zumal sie nicht wie hier behauptet an der Zerschlagung interessiert sind (Wohl zuviel Mantel- und Degen-Filme gesehen), sondern in Deutschland Fuß fassen wollen.

Quellen: FInancialLife, AD Hoc-Service, Consors etc.

Hier ein kurzer Auszug:

"Die börsennotierte Saunalahti hat in Finnland als zweitgrößter Multiservice-Provider und erfolgreichster Portalbetreiber im letzten Quartal bereits ein positives Ergebnis erzielt. "Die Infrastruktur und das Konzept von Gigabell passen hervorragend zu uns. Die Übernahme wird es uns ermöglichen, den in Finnland mit großem Erfolg eingeschlagenen Weg auch in Deutschland und anderen Europäischen Staaten fortzusetzen. Wir sind sicher, daß wir nach erfolgreichem Verlauf unserer Verhandlungen mit den Beteiligten, mit unserem ergebnisbewussten Finanzmanagement, aggressiven Vertrieb und kundenorientierten Service die Gigabell sicher in kürzester Zeit auf Kurs bringen," so Harri Johannesdahl, CEO, Saunalahti."

[Dragnet]

lol...war ja klar das der Beitrag von der DG Bank kommt. Die ist ja auch vor lauter Angst abgesprungen.

[Joggerin]

Was bedeutet "an einer Auszahlung der Kleinaktionäre nicht vorbeikommen"? Zu welchem Zeitpunkt muss man die Aktien gehalten haben, um davon - evtl. - profitieren zu können?

Gruss
Jo

[SKagt]

Meiner Meinung nach lt WPHG vor der endgültigen Übernahme-Erklärung

[SKagt]

soll heißen: Noch ist Zeit

[Joggerin]

Welches Kursziel hast Du für die nächsten Tage?

Gruss
Jo

[Sovereign]

Die Herren aus Finnland haben zeitgleich mit dem Gigabell-Deal eine außerordentliche HV angekündigt, auf der der Vorstand u.a. ermächtigt wird eine Kapitalerhöhung vorzunehmen.
Es sieht so aus, daß wir für unsere Gigabell-Papiere Saunalathi-Aktien bekommen werden, bzw. das ein Barangebot unterbreitet wird.
Meine Einschätzung ist: Entweder 12 EUR/St. in cash oder 15 EUR/St. in Aktien.



Saunalahti Oyj Notice of meeting 29 September 2000

Notice of extraordinary general meeting
Time Tuesday 13 October 2000 at 1.00 p.m.
Place Elokuvateatteri Tennispalatsi (Tennis Palace Cinema)
Address: Salomonkatu 15
00100 Helsinki

The shareholders of Saunalahti Oyj are hereby notified of an extraordinary general meeting to be held at the above-mentioned time. The matters to be dealt with at the meeting are an increase in the Company`s share capital through a bonus issue, amending of the Articles of Association, an authorisation to be granted to the Board of Directors concerning an increase in the Company`s share capital also in disapplication of existing shareholders` pre-emptive subscription rights by a maximum of EUR 150,366.15 as well as a proposal by the Board of Directors` Appointments Committee on raising of the number of members of the Board of Directors from six to seven and electing Matti Roto, CEO, Jippii Internet Services, to the company`s Board of Directors and electing Ilpo Kuokkanen as Chairman of the Board. The main points of the Board of Directors` proposal are:

"Section I Bonus issue

The company`s Board of Directors is proposing that the Company`s share capital be increased through a bonus issue (stock split) by issuing for one old share, one new share without consideration. The company`s share capital will accordingly rise by EUR 1,660,800.75, increasing from EUR 1,660,800.75 to a total of EUR 3,321,601.50. The bonus issue will be carried out by transferring from the share premium fund EUR 1,660,800.75 to the share capital account. The bonus issue will cause a similar change in the terms and conditions of the share options which the company will have issued by 10 October 2000, since the number of shares that can be subscribed for with options will be doubled and the per-share subscription price will be halved. On the basis of subscriptions made through the exercise of share options, the Company`s share capital can be increased by EUR 121,500 instead of EUR 60,750.

The basis of the proposed bonus issue is to improve the liquidity of the Company`s shares on the market.

The record date for the bonus issue is 18 October 2000. The right to receive the new shares offered in the bonus issue shall be vested in a shareholder who has been entered as a shareholder in the Share Register on the record date.

Section II Amending of the Articles of Association

The Board of Directors is proposing the amending of Articles 1, 2 and 3 of the Articles of Association as follows

Article 1 BUSINESS NAME AND DOMICILE OF THE COMPANY

The business name of the Company is Jippii Group Oyj and its domicile is Helsinki

Article 2 FIELD OF ACTIVITY AND AUXILIARY BUSINESS NAMES OF THE COMPANY

The field of activity of the company is the production of, marketing, trading in, brokerage and leasing of communications and telecommunications services. The company may also be engaged in electronic publishing, sales of advertising space as well as the production, marketing, trade in, brokerage and rental of computer systems.

The company`s field of activity also includes the production, agency operations involving, trading in and brokerage of products and services related to marketing, advertising, sponsoring, information services and communications, including electronic communications, new media, and the Internet. The company`s field of activity also includes publishing, the production of videos and recordings, the publishing and broadcasting of television and radio programmes and other programmes.

The company may furthermore engage in consultancy, training and publishing related to the foregoing, as well as their supporting activities, including marketing, brokerage and administration of the licensing, franchising and other rights related to the field of activity. The company may also engage in industrial operations involving the above-mentioned products, and in the marketing, trading in and brokerage of different products in telecommunications networks.

The company`s field of activity also includes attending to the administration, strategic management, financing and monitoring as well as other tasks related to the administration and financing of Group and associated companies.

The company can also engage in the activities specified above under its auxiliary business names.

Saunalahti:
under which the Company can engage in the production, marketing, trading in, brokerage and rental of communications and telecommunications services and products as well as the marketing, brokerage and administration of licence, franchise and other rights.
==

Scifi Communications International:
under which the Company can engage in the production, marketing, trading in, brokerage and rental of Internet services and products as well as in training and consultancy connected with them and the production, marketing, trading in, brokerage and rental of computer systems.
==

Article 3 MINUMUM AND MAXIMUM CAPITAL

The Company`s minimum share capital is two million euros (EUR 2,000,000) and the maximum share capital is eight million euros (EUR 8,000,000), within which limits the share capital may be increased or decreased without amending the Articles of Association.
==
The Company shall have a minimum of two million (2,000,000) shares and a maximum of one hundred and sixty million (160,000,000) shares.
==
Section III Authorisation to be granted to the Board of Directors to increase the Company`s share capital

1. Board of Director`s new share issue authorisation and its amount

The Board of Directors shall be authorised to decide on increasing the share capital in one or more instalments through a rights issue or to decide on floating an issue of convertible bonds or the granting of share options. Under this authorisation the company`s share capital can be increased by a maximum of EUR 150,366.15 such that on the basis of the rights issue, convertible bonds or share options a maximum total of 3,007,323 new shares with an accounting countervalue of EUR 0.05 can be issued or subscribed for. The Company`s registered share capital at present is EUR 1,660,800.75 and the number of shares is 33,216,015. The proposed share issue authorisation thereby represents an amount totalling about 9.05% of the Company`s entire share capital.

Because under the Companies Act the Board of Directors can have at one time valid authorisations covering a maximum of one fifth (1/5) of the Company`s registered share capital, the registered old share issue authorisations must be taken into account when examining the maximum amount of the proposed share issue authorisation for the Board of Directors. In accordance with the registered share capital at the present time, EUR 1,660,800.75, the one-time authorisation granted to the Board of Directors must not exceed EUR 332,160.15. Of the Board of Directors` old share issue authorisations, there remains at present, according to the information in the Trade Register, EUR 181,794.00. The proposed new share issue authorisation of EUR 150,366.15, when added to the old authorisation of EUR 181,794.00, thus totals EUR 332,160.15, or 20% of the Company`s entire share capital, corresponding to a total of 6,643,203 shares with an accounting countervalue of EUR 0.05.

1. Content of the new authorisation
i. The authorisation to be granted to the Board of Directors comprises the right to disapply shareholders` pre-emptive right to subscribe for shares. Accordingly, the Board of Directors is entitled to decide, for example, who shall have the right to subscribe for new shares in the share issue or whom the share options shall be directed at.

Under the Companies Act, the grounds for disapplication of shareholders` pre-emptive right to subscribe for shares shall be a financial reason of major import for the Company such as the strengthening of the Company`s capital structure, the carrying out of merger and acquisition transactions and other business arrangements or the financing of the Company`s current and/or future capital expenditures. In addition, the purpose of the authorisation is further to safeguard the Company`s staff recruitment possibilities in times of ever tougher competition and to secure the commitment to the Company of employees who are important to it. Similarly, a purpose of the authorisation is to make possible further development of the Company`s incentive scheme. There is thus an economic reason of major import, pursuant to Section 4, Subsection 2, Paragraph 2 of the Companies Act, for disapplying shareholders` pre-emptive right to subscribe for shares.

ii. The rights issue can if needed be carried out against an investment in kind or by exercising an offsetting right.

iii. The Company`s Board of Directors shall have the right to decide on the principles of determining the subscription price of the new shares to be offered in the rights issue and the final subscription price, which nevertheless may not be below the accounting countervalue of the share.

iv. The Company`s Board of Directors shall have the right, within the limits permitted by the Companies Act, to decide on all other circumstances and conditions connected with the rights issue or the flotation of convertible bonds.

v. The Company`s Board of Directors similarly has the right to decide on the directing of share options at the management, staff and key employees of the Company or of a company belonging to the same group as well as to decide on other circumstances and conditions related to the issuance of the options.

vi. The authorisation is in force for one year from the relevant resolution passed by the extraordinary general meeting.

Section IV
Raising the number of members of the Board of Directors from six (6) to seven (7) and electing a new ordinary member as well as replacing the Chairman of the Board.
Upon the initiative of the Board of Directors` Appointments Committee , it will be proposed to the general meeting for its decision that the number of members of the Board of Directors be raised from six (6) ordinary members to seven (7) ordinary members and that Matti Roto, CEO, Jippii Internet Services, be elected as an ordinary member of the Board of Directors.

The Appointments Committee is proposing that Ilpo Kuokkanen, who has acted as a member of the Company`s Board of Directors since 23 February 2000, be elected Chairman of the Company`s Board of Directors effective 11 October 2000."

Under the Companies Act, Chapter 3a, Section 11, the right to participate in a general meeting rests with a shareholder who no later than 6 October 2000 has been entered in the shareholder register kept by Finnish Central Securities Depository Ltd or who under the Companies Act, Section 4.2, Chapter 3a, is entitled to participate in a general meeting. A shareholder who wishes to participate in the meeting shall notify the Company of his or her intention to attend by Monday, 9 October 2000 at 4.00 p.m. at the latest either by e-mail ([e-mail]) or telefax on [phone]. It is requested that any proxies be delivered in advance by telefax.

Duplicate copies of the Board of Director`s proposal and the auditor`s statements on the matter as required under the Companies Act as well as the Board of Directors` discussion and other material prescribed under the Companies Act, Chapter 4, Section 4, are available for public inspection at the Company`s head office at the address Annankatu 44, 00100 Helsinki for one week prior to the general meeting, in addition to which they can also be viewed at the Company`s website at the address www.saunalahti.fi. Copies of the documents will be sent to shareholders upon request.

A shareholder can participate in a general meeting personally or through the representation of an agent. A shareholder also has the right to use a counsellor.

Helsinki, 27 September 2000

SAUNALAHTI OYJ

Board of Directors

[Joggerin]

Danke für die Info. Dann wollen wir hoffen, dass Du Recht hast :

Gruss
Jo

[Clockmaker]

@ Alle - Ich möchte Eure Euphorie nicht dämpfen und denke das der heutige Tag wohl wie Balsam für den Gigabell Aktionär ist,
die weitere Entwicklung des Kurses stelle ich mir so vor:

Ohne substantielle News ein Rückschlag bis auf ca. 4,5 - 5€ im Laufe der nächsten Woche ( kommt ziemlich sicher, da nach dem
heutigen Tag das Kaufinteresse nachlassen wird und der eine oder andere wohl lieber den Spatz in der Hand hat, als die Taube
auf dem Dach ). Danach - Alles offen.

@ Sovereign - woher nimmst Du deine Zahlen ? Jedenfalls nicht aus der Pressemitteilung ! Das ist reine Spekulation - ob aus
Unwissenheit oder Unvermögen, eine Unternehmensnachricht zu interpretieren ? Wer sagt, das eine komplette Übernahme des
Aktienbestandes, auch des Freefloates, geplant ist ? Schreibt die Satzung der finnischen AG das zwingend vor ( bei Beteiligungen ) ?
Wenn nein, wozu dann das Ganze ?

Was ich da herauslesen kann, ist ein mgl. Split, und die Authorisierung zur Kapitalerhöhung.


???


Gruss
Clockmaker