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Reason for JoWooD's stock suspension

Posted by Rendelius @ Wednesday - June 19, 2002 - 14:24 -
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JoWood sent out this info, which is quite certainly the reason for their stocks being suspended:
    Press Release ---------- Vienna/Rottenmann, 19 June 2002
    Capital increase by JoWood Productions Software AG
    Subscription/offer price fixed at EUR 6.-

    On 19 June 2002 the price of the shares of JoWooD Productions Software AG, a company quoted on the Vienna Stock Exchange, was pegged at EUR 6.- per share.

    Due to the depressed state of the market, only 1.6 million of the originally planned 2.4 million new shares had been placed together with 305,016 old shares previously held by march.fifteen as scheduled. In view of the mood of
    the market, the price per share was fixed below the lower limit originally foreseen.

    The revenue obtained from this capital increase will enable JoWooD to carry through its business plan - and in particular the acquisition of the actvities of Ravensburger Interactive - and hence continue the dynamic growth of the company.
 
 
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