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Adva Says Final Draft Of Profit And Loss Agreement Drawn Up

ADVA OPTICAL NETWORKING SE ADV:

  • AGREES AMOUNT OF RECURRING COMPENSATION PAYMENT UNDER DOMINATION AND PROFIT AND LOSS TRANSFER AGREEMENT WITH ADTRAN HOLDINGS.

  • ON 18 OCTOBER 2022, MANAGEMENT BOARD OF ADVA OPTICAL NETWORKING MADE PUBLIC THAT FINAL DRAFT OF AGREEMENT WITH ADVA AS THE CONTROLLED COMPANY AND ADTRAN HOLDINGS AS THE CONTROLLING COMPANY HAD BEEN DRAWN UP

  • ADVA ASSUMES THAT THE ANNUITY INTEREST RATE ON 30 NOVEMBER 2022 WILL REMAIN UNCHANGED AT 3.0%

  • EXTRAORDINARY GENERAL MEETING WILL, THEREFORE, RESOLVE ON THE CONCLUSION OF A DOMINATION AND PROFIT AND LOSS TRANSFER

  • AGREEMENT PROVIDES FOR AN ANNUALLY RECURRING COMPENSATION PAYMENT OF EUR 0.52 NET PER SHARE

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