Directed Rights Issue at Columbus IT Partner A/S
Directed Rights Issue at Columbus IT Partner A/S
January 12, 2005 at 12:00 AM EST
Stock Exchange Release no. 2 - Directed Rights Issue at Columbus IT Partner A/S 12 January 2005 Columbus IT Partner A/S - Banemarksvej 50C - DK-2605 Brøndby Tel.: +45 70 20 50 00 - Telefax: +45 70 25 07 01 CVR-no.: 13 22 83 45 Stock Exchange Release no. 2/2005 Directed Rights Issue at Columbus IT Partner A/S Columbus IT Partner A/S is redeeming the debts of Columbus IT Partner GmbH, Austria by issuing shares in Columbus IT Partner A/S. During the past years local management has accumulated an outstanding account in the subsidiary which will be redeemed by this transaction. The Group's financial situation will thus improve and local management's motivation will remain intact. Management at whom the rights issues is directed has given undertakings, and so 178,100 shares in Columbus IT Partner A/S are being issued in all at DKK 9.65 per share, equating to a 0.47% increase in share capital. The Company's equity will benefit by DKK 1.7m.