DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family to buy back ordinary shares in Hornbach Holding AG from

 DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family to buy  back ordinary shares in Hornbach Holding AG from Kingfisher  DGAP-News: HORNBACH Familien-Treuhandgesellschaft mbH / Key word(s): Investment HORNBACH Familien-Treuhandgesellschaft mbH: Hornbach family to buy back ordinary shares in Hornbach Holding AG from Kingfisher  25.03.2014 / 08:05  ---------------------------------------------------------------------  PRESS RELEASE  Following announcement of Kingfisher's complete exit from equity investment:  Hornbach family to buy back ordinary shares  in Hornbach Holding AG from Kingfisher   Albrecht Hornbach: "Clear sign of family's commitment" /  Kingfisher exit from listed Hornbach shares increases free float   Annweiler am Trifels, March 25, 2014.  The Hornbach family is to buy back the minority stake held by the British retail group Kingfisher plc in the unlisted ordinary shares in Hornbach Holding AG (25% plus two shares). This was announced by the family trust Hornbach Familien-Treuhandgesellschaft mbH, based in Annweiler/Rheinland-Pfalz, in parallel with Kingfisher's simultaneous announcement of its exit from all financial investments in the Hornbach Group. Comments Albrecht Hornbach, Managing Director of the family trust: "This buyback will enable the family to determine the future use of Kingfisher's stake in the Group's voting equity. We are thus underlining our commitment to upholding the long-term business autonomy of the Hornbach Group."  Kingfisher's plans are linked to its withdrawal from Hornbach's supervisory bodies in September 2013. Kingfisher holds a qualified minority stake of 25% plus two shares in the voting capital of Hornbach Holding AG. Furthermore, 17.4% of the listed preference shares in Hornbach Holding AG (ISIN DE0006083439) and 5.2% of the listed ordinary shares in Hornbach-Baumarkt-AG (ISIN DE0006084403) were owned by Kingfisher. Kingfisher has sold its two listed share packages to an international circle of institutional investors.    Consistent step and clear relationship   "I have complete understanding for the consistent step Kingfisher has now taken in close liaison with us as majority shareholders", commented Albrecht Hornbach, Managing Director and Chairman of Hornbach Familien-Treuhandgesellschaft mbH, "particularly since there was no opportunity on the horizon for the British investors to adopt a more dominant position at Hornbach." Furthermore, the strategic decisions taken by the minority shareholder last year were incompatible with any continuation of the alliance between the two companies. Following its takeover of 15 Bricostore DIY outlets in Romania in May 2013 and given its preparations for the market launch of its small-scale retail format "Screwfix" in Germany in summer 2014, Kingfisher was for the first time in direct competition with its German cooperation partner. "Matters are now clear and there are no conflicts of interest", remarked Albrecht Hornbach.  Positive impact expected on Hornbach share trading   Albrecht Hornbach expects the sale of listed Hornbach shares from Kingfisher's holdings to impact positively on the share's stock market tradability. For the eight million preference shares in Hornbach Holding AG listed in the SDAX, the free float is set to increase from 82.6% to 100%. "This will on the one hand boost market capitalization, a key factor in determining index affiliation. On the other hand, it should also benefit the share's future liquidity due to the broader shareholder base." Similar effects are basically expected for the Baumarkt share as well, whose free float will rise from 18.4% to 23.6% of the total of 31.8 million listed ordinary shares.   End of financial news  ---------------------------------------------------------------------  25.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.  DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de  ---------------------------------------------------------------------   259248 25.03.2014    
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