EANS-Voting Rights: Balda Aktiengesellschaft / Release according to article 26, section 1 WpHG (Securities Trading Act) with the
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 holdings)
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 management board. 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 shareholders; 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. Ferdinandstraße 6 20095 Hamburg Telefon: +49 (0) 40 303744-70 E-Mail: firstname.lastname@example.org issuer: Balda Aktiengesellschaft Bergkirchener Str. 228
D-32549 Bad Oeynhausen phone: +49 (0) 5734 9 22-0 FAX: +49 (0) 5734 922-2604 mail: email@example.com WWW: http://www.balda.de sector: Semiconductors & active components ISIN: DE0005215107 indexes: SDAX, Prime All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt language: English
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