Investor Relations
Ad hoc notification
Deutsche Telekom share placement
completed by Sonera
Deutsche
Telekom
Investor Relations
Ad hoc notification
Ad hoc notification in accordance with Paragraph 15
Security Trading Act (WpHG)
August 26, 2001
In accordance with its publicly disclosed right to release
former VoiceStream shareholders from their lock-up and
upon Sonera's request, Deutsche Telekom agreed to a program of sales to be executed from the beginning of July,
subject to market conditions. This program resulted in a
sale of approximately 21.9 million T-shares at an average
price of approximately Euro 25.75 per share through a
series of small market transactions. The program terminated end of August and no sales were executed during any
market turbulences. The share sales were executed by
Dresdner Kleinwort Wasserstein.
"The vast majority of the sales were carried out above the
daily volume weighted average share price and without any
impact on the share price. Over the period of the transactions, Deutsche Telekom traded better than its peers. These
disposals are proof to all Deutsche Telekom shareholders
of the market's ability to absorb T-shares," said
Karl-Gerhard Eick, Deutsche Telekom CFO.
As a result of these sales, the number of shares which
Sonera is currently entitled to sell until December 1st has
been reduced to approximately 12 million.
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