Hornbach Holding AG / Key word(s): Miscellaneous
10.11.2014 17:12
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Review of legal form change at HORNBACH HOLDING AG into a partnership
limited by shares (KGaA) - Objective to eliminate complex ordinary and
preference share structure
Neustadt an der Weinstrasse, November 10, 2014.
Today, on the basis of a resolution adopted by its management on this same
day, HORNBACH Familien-Treuhandgesellschaft mbH wrote to the management
board of Hornbach Holding Aktiengesellschaft and invited it to hold
concrete talks on the possibilities of a transformation of the legal form
of Hornbach Holding Aktiengesellschaft from a stock corporation into a
partnership limited by shares (Kommanditgesellschaft auf Aktien - KGaA).
HORNBACH Familien-Treuhandgesellschaft mbH claims that a change of legal
form should preserve the continuity of a listed family stock corporation,
while at the same time improving Hornbach Holding Aktiengesellschaft's
capital market capability by admitting all limited partners' shares to
trading and eliminating the complex structure of ordinary and preference
shares. Hornbach Holding Aktiengesellschaft's management board likewise
sees this as an opportunity and intends to timely consult with the
company's supervisory board on the entry into such talks and, as the case
may be, adopt a resolution to do so.
Whether or not Hornbach Holding Aktiengesellschaft's corporate structure
will be reorganised will depend not only on these consultations and
possible further talks and subsequent examinations by the management board
and supervisory board, but also on the adoption of resolutions by the
general meeting of the company, as well as by the holders of ordinary and
preference shares, which, as the case may be, are necessary for the
implementation, and on resolutions adopted by the shareholders' meeting of
Hornbach Familien-Treuhandgesellschaft mbH.
10.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hornbach Holding AG
Le Quartier Hornbach 19
67433 Neustadt an der Weinstraße
Germany
Phone:
Fax:
E-mail:
Internet:
ISIN: DE0006083439
WKN: 608343
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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