EANS-Adhoc: PUMA SE / Liability related to an Arbitral Award granting PUMA SE all Trademark Rights in Spain
PR Newswire/euro adhoc/ EANS-Adhoc: PUMA SE / Liability related to an Arbitral Award granting PUMA SE all Trademark Rights in Spain ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Ad Hoc Release Pursuant to § 15 WpHG
PUMA SE (ISIN: DE00069696303 WKN: 696960) PUMA WAY 1, D-91074 Herzogenaurach
Sportlifestyle company PUMA SE herewith declares that the former Spanish distributor and license holder, Estudio 2000 S.A., which owns several PUMA trademark rights in Spain, has been obliged to vest these to PUMA SE in accordance with the decision of the arbitration panel, notification of which was received by PUMA SE on 11 December 2012. After a dispute lasting several years, this decision will allow PUMA SE to unite all Spanish PUMA trademarks.
According to the ruling of the arbitration panel, the transfer of the trademark rights is subject to a one-time payment of 42.2 million Euros to Estudio 2000 S.A., consisting of various types of compensation related to the termination of the Distribution Agreement which ended in 2009.
Pursuant to §15 WpHG PUMA herewith informs the financial markets of this liability. This ad hoc release does not constitute an offer to sell nor is it a solicitation to buy any securities.
Ulf Santjer - Corporate Communications - PUMA - +49 170 56 58 228 - firstname.lastname@example.org
Further inquiry note: Ulf Santjer Telefon: +49 (0)9132 81-2489 E-Mail: email@example.com
issuer: PUMA SE
PUMA Way 1
D-91074 Herzogenaurach phone: +49 (0)9132 81 0 FAX: +49 (0)9132 81-2246 mail: firstname.lastname@example.org WWW: http://about.puma.com/?lang=de sector: Consumer Goods ISIN: DE0006969603 indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share stockmarkets: free trade: Hannover, Berlin, Hamburg, Düsseldorf, Stuttgart,
regulated dealing: München, regulated dealing/prime standard:
Frankfurt language: English
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-0- Dec/20/2012 17:54 GMT