PR Newswire/euro adhoc/
EANS-Voting Rights: Balda Aktiengesellschaft / Release according to article 26,
section 1 WpHG (Securities Trading Act) with the aim of Europe-wide distribution
Notification of voting rights transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Announcement according to Article 27a, Section 1 of the WpHG (qualifying
Balda Aktiengesellschaft: Release of a notification pursuant to Sec. 27a para.
2 WpHG with the objective of Europe-wide distribution
On 29 January 2013, Dr. Thomas van Aubel, Germany, informed us pursuant
to Sec. 27a para. 1 WpHG on behalf of Elector GmbH, Berlin, Germany, and also
in his own name by reference to their notifications pursuant to Sec. 21 para.
1, Sec. 22 WpHG dated 3 January 2013 as follows:
"1. Objective of the Investment
It is not intended to make trading profits from the investment. Elector
GmbH intends to implement strategic goals and has a long-term perspective.
2. Intended Acquisition of additional Shares
Elector GmbH is willing and able to acquire additional shares in Balda AG
within the next twelve months, up to a total shareholding of 29.99% of the
share capital of the company. Since the notification of January 3rd, 2013
Elector GmbH purchased 360,000 additional shares in Balda, thereby
increasing its share to 27.26% (16,055,308 of 58,890,636 voting shares).
Elector does not intend to obtain a share of 30% or above.
3. Composition of Management and Supervisory Boards of the Company
Elector GmbH is the largest shareholder in Balda AG and the only strategic
shareholder. In this capacity, Elector aims to be appropriately represented
on Balda's Supervisory Board. Elector will support the election of its
owner and Managing Director, Thomas van Aubel, to Balda's Supervisory
Board. Elector will also support a motion to structure Balda's Supervisory
Board in compliance with the German Corporate Governance Code by electing a
?Financial Expert" with experience in the fields of accounting and
auditing. In order to achieve these changes, Elector GmbH will in
particular use its voting rights to demand and support the removal of the
Chairman of the Supervisory Board, Dr. Michael Naschke, in an extraordinary
General Meeting to be convened at short notice.
Regarding the composition of the Management Board, Elector GmbH does not
intend to replace the current CEO, Mr Dominik Müser. However, Elector GmbH
may consider supporting the appointment of an additional member to the
4. Intended Changes in the Capital Structure of the Company, in particular
regarding the Relation of Debt to Equity and the Dividend Policy
Elector GmbH will support the following measures:
a. Short-term sale of the remaining shares in TPK, Taiwan;
b. Sale of the remaining, loss-making production site in Malaysia;
c. Short-term, special distribution of approx. Euro 54 million to the
d. In the middle and long term, regular and stable distributions.
5. Origin of Funds
The funds employed by Elector GmbH to finance the acquisition of the shares
are composed of 97.75% own funds and of 2.25% debt."
Further inquiry note:
Thilo M. Tern
CAT Consultants GmbH & Co.
Telefon: +49 (0) 40 303744-70
issuer: Balda Aktiengesellschaft
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2604
sector: Semiconductors & active components
indexes: SDAX, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
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-0- Feb/01/2013 12:01 GMT
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