Brief: Adva Says Final Draft Of Profit And Loss Agreement Drawn Up

Adtran Networks SE

30/11/2022 06:24

Nov 30 (Reuters) - ADVA OPTICAL NETWORKING SE  ADAG.DE :
    * 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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