DGAP-News: Tele Columbus AG: Change in the Supervisory Board of Tele Columbus AG

INVESTOR RELATIONS RELEASE
 

Change in the Supervisory Board of Tele Columbus AG
 

Berlin, 5 March 2019. Tele Columbus AG (ISIN: DE000TCAG172, WKN: TCAG17, "the Company") announces a change in its Supervisory Board. Today, Frank Donck informed the Supervisory Board that he will resign from his office as Chairman and member of the Supervisory Board of Tele Columbus AG effective as of 2 April 2019.

Frank Donck has served as Chairman of the Supervisory Board of Tele Columbus AG since its incorporation in 2014. During his tenure, the Company listed its shares on the Frankfurt Stock Exchange, acquired Primacom and Pepcom and successfully completed several financing rounds.
 

"Leading Tele Columbus as a Chairman since 2014 has been very intense as the Company faced a major integration phase over the past two years, which has now been finalized. At this moment in time, given my other activities, I decided to pass on the baton. I think back with pride to our IPO and the various acquisitions, but I also remember the challenging moments, which have however strengthened our organisation. I am convinced, the Supervisory Board and the management team under the leadership of Timm Degenhardt will be successful in the ongoing transformation of the Company. I would also like to sincerely thank everybody at the Company for the very good collaboration and years together", outlines Frank Donck. In his role as a director of 3D NV, he adds: "3D intends to maintain its shareholding in Tele Columbus AG, given the value potential of the Company".
 

Originally, Frank Donck's term as member and Chairman of the Supervisory Board would have ended at this year's ordinary shareholders' meeting. By stepping down earlier, Frank Donck wants to ensure, that the search for a successor can be conducted without his involvement or influence. A new Chairman will be elected by the Supervisory Board in due course. The succession search for the Supervisory Board mandate is under way.
 

Timm Degenhardt, CEO of Tele Columbus AG: "On behalf of the Company, I would like to thank Frank Donck for his extraordinary commitment and unwavering support during the last five years. We respect his decision and wish him all the best".
 

About us

The SDAX-listed Tele Columbus AG serves 3.3 million homes connected thereby being Germany's third-largest cable network operator. Its brand PŸUR stands for simplicity, performance and fairness in relation to TV and telecommunication products. Via its state-of-the-art fibre network PŸUR offers high-speed broadband internet including fixed-line telephony as well as more than 250 TV channels on a digital entertainment platform which combines linear TV with streaming services. To its housing association partners PŸUR offers flexible models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities Tele Columbus Group is actively supporting the fibre-based broadband internet expansion in Germany. For its business customers the Group offers carrier services and corporate solutions via its fibre network. Besides its headquarter in Berlin the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring/Munich. Since January 2015 Tele Columbus AG is traded on the regulated market (Prime Standard) of the Frankfurt Stock exchange and since June 2015 listed in the SDAX.
 

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company's current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company's financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.