Munich, 21 February 2019 - NFON AG today received knowledge from the managing director of Milestone Venture Capital GmbH (MVC), Günter Müller, that MVC intends to gain a majority share of more than 50 percent of NFON AG and bring about not further defined changes in NFON AG. MVC reported voting rights of 30,1 percent on May 16th 2018. This equals 4,155,852 voting rights. As the voting rights threshold of 30 percent was already reached prior to the IPO, MVC was not forced to submit a mandatory takeover bid according to the provisions of the WpÜG. As far as known to the company MVC pursues own strategic objectives with NFON AG.
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About NFON AG
Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider – counting more than 20,000 companies across 13 European countries as customers. With Cloudya, NFON offers an easy-to-use, independent and reliable solution for advanced cloud business communications. Further premium and industry solutions complete the portfolio in the field of cloud communications. With our intuitive communications solutions, we enable European companies to improve their work a little, every single day. NFON is the new freedom in business communication. www.nfon.com
This announcement is not an offer of securities for sale in the United States of America. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act. No public offering of securities of the Company is being made in the United States of America and the information contained herein does not constitute an offering of securities for sale in the United States of America, Canada, Australia, Japan or any other jurisdiction in which such offering would be unlawful. This announcement is not for release, publication or distribution directly or indirectly in or into the United States of America, Australia, Canada, Japan or any other jurisdiction in which the distribution or release would be unlawful or to U.S. persons.
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