DGAP-Adhoc: HORNBACH-Baumarkt-Aktiengesellschaft: Kingfisher director withdraws from HORNBACH Supervisory Board

DGAP-Adhoc: HORNBACH-Baumarkt-Aktiengesellschaft: Kingfisher director withdraws 
from HORNBACH Supervisory Board

HORNBACH-Baumarkt-Aktiengesellschaft  / Key word(s): Change of Personnel

11.09.2013 17:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Kingfisher director withdraws from HORNBACH Supervisory Board

Bornheim bei Landau, September 11, 2013.
The director nominated by the British retail group Kingfisher plc, London,
has resigned from the Supervisory Board of HORNBACH-Baumarkt-AG. John
Declerck, Group Strategy Director, Kingfisher plc, will thus retire from
the supervisory body as of September 11, 2013. Kingfisher's representatives
on the Supervisory Body of the parent company HORNBACH HOLDING AG, Kevin
O'Byrne (Kingfisher Divisional CEO, B&Q) and David Paramor (Finance and
Planning Director, Kingfisher plc), will also retire from their positions
at the same time.

The reason given was that this precautionary measure would avoid any
potential conflicts of interest resulting the director's involvement in the
the companies' respective expansion strategies. Since its takeover of 15
Bricostore DIY stores in Romania in May 2013, Kingfisher has been in direct
competition with its German cooperation partner for the first time since
the strategic alliance with HORNBACH began in December 2001. As announced
by Kingfisher upon the publication of its interim results on September 11,
2013, the British company is planning its own market launch in Germany in
summer 2014, in this case with four trial 'Screwfix' stores, a small-scale
specialist retail format aimed at professional customers.


11.09.2013 DGAP's 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-Baumarkt-Aktiengesellschaft
              Hornbachstraße
              76878 Bornheim bei Landau/Pfalz
              Germany
Phone:        +49 (0)6348 / 60 00
Fax:          +49 (0)6348 / 60 40 00
E-mail:       info@hornbach.de
Internet:     www.hornbach.de
ISIN:         DE0006084403
WKN:          608440
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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