Publication of Annual Report 2012 and Convocation Annual General Meeting of Shareholders – Proposals for Share Consolidation, Redenomination and Name Change

TIE Holding N.V. (“TIE”) today publishes the Company’s annual report on the company website www.tieholding.com. Furthermore TIE today convenes its Annual General Meeting of Shareholders to be held Wednesday 13 March 2013.

TIE today published its annual report over the financial year 2012. Over 2012, Total Income amounts to € 12,494k (2011: € 10,671k) up 17%, Operating Result amounts to € 622k (2011: €597) up 4% and Net Income amounts to € 562k (2011: € 383k) up 70%.

TIE also convenes its Annual General Meeting of Shareholders to be held Wednesday 13 March 2013. The proposals put to the shareholders include a share consolidation combined with a capital reduction by redenomination without repayment, which consolidates 100 shares with a nominal value of EUR 0.10 each to one new share with a nominal value of EUR 7.00. It is furthermore proposed that the company changes its name to TIE Kinetix N.V.

If approved by the shareholders meeting, the share consolidation and redenomination shall become effective by means of an amendment of the company's articles of association on Friday 15 March 2013 after trading on NYSE Euronext Amsterdam has closed.

The last trading day of TIE shares with the current nominal value of EUR 0.10 will be Friday 15 March 2013. Trading of the consolidated shares with a nominal value of EUR 7.00 each will start on Monday 18 March 2013. As of Monday 18 March 2013, the ISIN Code for TIE shares shall be NL0010389508. The Euronext symbol TIE remains unchanged. 

Shareholders are not required to take any action in relation to the share consolidation. The share consolidation will be processed in the usual manner by the bank or broker where a shareholder has registered its shares. This means inter alia that were fractions of shares remain after the share consolidation, 50 fractions or more will be rounded upwards to one consolidated share against a proportionate supplemental payment, and 49 fractions or less will be rounded downwards against proportionate repayment.

Immediately after the implementation of the share consolidation and redenomination, TIE will have 932,954 shares with a nominal value of EUR 7.00 per share outstanding. [In principal, the holders of existing ordinary TIE shares shall not be required to pay a commission for the execution of the reverse stock split.

The convocation for the Annual General Meeting of Shareholders, the agenda with explanatory notes (Dutch only), the financial statements 2012 and the further meeting documents are available via the Company's corporate website (www.tieholding.com). They can also be obtained free of charge at the Company's office.

For further information about this press release, please contact us via +31 20 658 9099 or bob.out@tiekinetix.com.

Profile TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell and deliver online. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 25 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.

TIE Kinetix is a public company (NYSE Euronext: TIE Holding), and has offices in the United States, the Netherlands, France, Australia, UK, Germany, Austria and Switzerland.

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