itelligence AG: Annual General Meeting approves squeeze-out
- Cash compensation of EUR 10.80
- Annual General Meeting resolves dividend of EUR 0.06 for fiscal year 2012
Bielefeld, May 23, 2013 – The Annual General Meeting of itelligence AG, which was held today in Bielefeld, approved the transfer of the shares of the minority shareholders to NTT DATA Europe GmbH & Co. KG, and hence the squeeze-out. The majority shareholders will receive cash compensation of EUR 10.80 per share. Following the entry of the squeeze-out in the commercial register, the shares of the minority shareholders will be transferred to NTT DATA Europe GmbH & Co. KG and the minority shareholders will receive the agreed cash compensation.
In addition, the Annual General Meeting resolved to approve the actions of the members of the Management Board and the Supervisory Board for fiscal 2012. The Meeting also adopted the proposal by the Management Board and the Supervisory Board, resolving the payment of a dividend of EUR 0.06 per share for fiscal 2012.
Herbert Vogel, founder and CEO of itelligence AG: “The past five years with NTT DATA have shown just how valuable this partnership is for our company. itelligence has grown year after year and is excellently positioned for the future. As itelligence AG, we will continue to provide our products and services to our national and international customers in excellent quality.”
Norbert Rotter, CFO of itelligence AG: “The strategic withdrawal from the stock exchange is a consistent step in the full transfer of the shares to NTT DATA. itelligence will remain an independent company within the NTT DATA Group with a clear position as an international SAP service provider. Accordingly, we will continue to report transparently on our key financial data and provide information to the public and our customers.”
itelligence is one of the leading international full-service providers of solutions in support of SAP solutions, employing more than 2,850 highly qualified employees in 21 countries and in five regions (USA, Asia, Western Europe, Eastern Europe and Germany/Austria/Switzerland). As a frequently awarded SAP partner, among others global value-added reseller, SAP Certified in Cloud Services and SAP Gold Partner Business ByDesign, itelligence realizes complex projects in the SAP solution-based environment for over 5,000 customers worldwide. In 2006, itelligence obtained gold-level status as an SAP channel partner as part of the SAP PartnerEdge program in Germany, and in the U.S. in 2007. The company’s services in support of SAP solutions range from Consulting and Licensing to Application Management and Outsourcing & Services to proprietary industry-specific SAP. In 2012, itelligence generated total sales of MEUR 407.1. itelligence is “Top Consultant” 2012.