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DGAP-Ad hoc: German Brokers AG <GEB> english - 500 Beiträge pro Seite

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DGAP-Ad hoc: German Brokers AG <GEB> english

German Brokers AG Decides on Strong Capital Increase

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement.


German Brokers AG Decides on Strong Capital Increase

Frankfurt/Main, July 30, 2002 - The Board of Management of German Brokers AG (SMAX 580 180) has decided to raise the Company´s equity capital significantly following the authorization of such a move by the Company´s shareholders and its Board of Directors at yesterday´s Annual Meeting. The Company´s equity capital will increase from currently 3,044,882 Euro to 7,589,764 Euro.

A total of up to 4,544,882 new individually certified shares with a nominal value of 1.00 Euro per share will be offered to existing shareholders for subscription at an issue price of 1.00 Euro each.

Terms and conditions of the subscription issue will be published in the August 2, 2002 edition of the Bundesanzeiger. Shareholders of German Brokers AG will be notified by their respective custodial banks.

Unsubscribed shares will be offered in a private placement to interested third parties. The Company has already received tangible evidence of such an interest in the issue.

For more information contact:

German Brokers AG AXINO AG Phone +49-69-247 91-120 Phone +49-711-25 35 92-30 Fax +49-69-247 91-399 Fax +49-711-25 35 92-33

info@german-brokers.de info@axino.de http://www.german-brokers.de http://www.axino.de

end of ad-hoc-announcement (c)DGAP 30.07.2002


WKN: 580180; ISIN: DE0005801807; Index: SDax Listed: Geregelter Markt in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg und Stuttgart

Autor: DGAP import (),13:45 30.07.2002

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