Pironet NDH AG / Key word(s): Strategic Company Decision/Change of Personnel
10.08.2011 18:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Cologne, Germany, 10 August 2011 - Taking economic effect on 1 January 2011, SA2 Retail AG, which belongs to the Master Data Services (MDS) segment of Pironet NDH AG, is selling its 51% share in SA2 Worldsync GmbH to its longstanding co-partner at SA2 Worldsync GmbH, GS1 Germany GmbH, Cologne. The purchase price is set at EUR 2.6 million. Among other things, the transaction also encompasses the granting of a license (for a one-off fee in the amount of EUR 1.4 million) that SA2 Worldsync GmbH requires to continue its business operations. SA2 Worldsync GmbH is part of the MDS segment at Pironet NDH AG, where it had only been consolidated at equity since 1 January 2011.

In this connection, at the same time an internal reorganisation of the two other wholly owned subsidiaries also located in the MDS segment was decided: SA2 Retail AG and SA2 Exchange GmbH. SA2 Retail AG is scheduled to be integrated in Imperia AG, and SA2 Exchange GmbH in Pironet NDH Datacenter GmbH. The changes will be of no consequence for the operative business of the two subsidiaries.

With the sale of the shares in SA2 Worldsync GmbH and the internal reorganisation of SA2 Retail AG and SA2 Exchange GmbH, the process of the strategic review of the MDS segment of Pironet NDH AG, announced on 25 March 2011, was successfully completed.

In this connection, the Chairman of the Executive Board of Pironet NDH AG, Mr. Hans-Werner Scherer, has announced his wish to withdraw from the Executive Board of the company. The related talks have not yet ended. Until their completion, Mr. Scherer is relieved of his duties as Chairman of the Executive Board and member of the Executive Board effective from August 11, 2011. With effect from August 11, 2011, Mr. Scherer's successor in the chairmanship of the executive board will be the present Deputy Chairman of the Executive Board, Mr. Felix Höger.

Pironet NDH AG
The Executive Board

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Information and Explaination of the Issuer to this News:
Information and explanations by the issuer on this release: WKN: 691 640 
ISIN: DE0006416406 
Listed: Regulated market in Frankfurt am Main (General Standard), Munich, Stuttgart, Düsseldorf, Hamburg, Berlin-Bremen (unofficial market)
Contact: 
PIRONET NDH AG
Von-der-Wettern-Straße 27 
51149 Cologne, Germany
Tel.: +49.2203.935 30-6002
Fax: +49.2203.935 30-6009
e-mail: ir@pironet-ndh.com



10.08.2011 DGAP's 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:      Pironet NDH AG
              Von-der-Wettern Str. 27
              51149 Köln
              Germany
Phone:        +49 (0)220 393530 - 6002
Fax:          +49 (0)220 393530 - 6009
E-mail:       ir@pironet-ndh.com
Internet:     www.pironet-ndh.com
ISIN:         DE0006916406
WKN:          691640
Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,               München, Stuttgart
 
End of Announcement DGAP News-Service  

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