euro adhoc: USU Software AG / USU Software AG plans surplus dividend (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

Möglingen, 2 June 2004. As a result of the positive development of business at USU Software AG (ISIN DE0007804700//SIN 780470), key shareholders proposed distributing the liquidity not required for the company’s operative business to the shareholders. In their meeting held today, the Management Board and Supervisory Board of USU Software AG resolved to propose a surplus dividend to the Annual General Meeting of the company to be held in Ludwigsburg on 15 July 2004. For reasons imposed by corporate legislation, a multi-tiered procedure is required for this. The surplus dividend is to originate from the existing capital reserve in the context of a capital increase from corporate funds and subsequent capital reduction. This entails a consolidation of bearer shares of the company at a ratio of 2:1 of currently 17,211,186 to 8,605,593 shares. Prior to the consolidation of shares the dividend amounts to EUR 2.00 per share and, following consolidation, will amount to EUR 4.00 per new share.

As early as the first quarter 2004, USU Software AG broke even. At the same time company debt was again reduced. Even after the planned dividend, the company will have sufficient liquid funds and investments to effect further internal growth and growth through acquisitions. In addition, the Management Board anticipates consolidated net income for the 2004 financial year of EUR 1.0 million to EUR 1.5 million.

The surplus dividend initially depends on the agreement and resolution by the Annual General Meeting on 15 July 2004. In the event of agreement, the surplus dividend will, at the earliest, be paid six months after publication of the entry of the relevant AGM resolution into the Commercial Register of the company, in accordance with the provisions of the Stock Corporation Law.

end of ad-hoc-announcement


Issuer´s information and explanatory remarks concerning this ad-hoc-announcement:

In-depth information on the scheduled surplus dividend will be provided in the context of the publication the invitation to the Annual General Meeting of the company and on the homepage of the company at for downloading, in a timely manner.

USU Software AG
Investor Relations
Falk Sorge
Phone: +49 (0) 71 41 / 48 67 351
Fax: +49 (0) 71 41 / 48 67 108

USU Software AG
Corporate Communications
Dr Thomas Gerick
Phone: +49 (0) 71 41 / 48 67 440
Fax: +49 (0) 71 41 / 48 67 909

Further inquiry note:
Falk Sorge
Tel.: +49 (0)7141 4867 351
Tel: +49 (0)7141 4867 0
FAX: +49 (0)7141 4867 20

Emittent: USU Software AG Spitalhof DE-71696 Möglingen Tel: +49 (0)7141 4867 0 FAX: +49 (0)7141 4867 20 Email: WWW: ISIN: DE0007804700 WKN: 780470 Indizes: CDAX, Prime Standard Börsen: regulated dealing Baden-Württembergische Wertpapierbörse,

end of announcement euro adhoc

Frankfurter Wertpapierbörse; free trade Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf
Branche: Software
Sprache: Englisch