Fielmann AG

EANS-Adhoc: Fielmann Family Foundation secures management for future generations


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  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.
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19.11.2012

Günther Fielmann - founder, principal shareholder and Chief Executive Officer of
Fielmann AG (ISIN: DE0005772206) as well as founder and sole member of the
Management Board of the Fielmann Family Foundation - has today announced that in
the course of implementing his plans for the company to pass down through the
generations he will transfer 24.52 per cent of the shares in Fielmann AG from
his shareholding to the Fielmann Family Foundation, meaning that the Fielmann
Foundation will receive a holding of 51.00 per cent in Fielmann AG. This measure
will permanently secure decisive influence and management responsibility over
Fielmann AG for the Fielmann family. 

To "future-proof" the structure of the shareholding, the Fielmann Family
Foundation will be the main shareholder in a family holding company in which the
majority of the Fielmann AG shares will be combined. The family holding company
is to hold 55.00 per cent of the Fielmann AG shares in future. As part of
implementing the concept, Günther Fielmann's  children, Marc Fielmann and Sophie
Luise Fielmann, to whom he has transferred shares in Fielmann AG and the
Fielmann Family Foundation will hold stakes in the Lütjensee family holding.With
92.50 per cent of the votes, the Fielmann Family Foundation will obtain the
decisive influence over this family holding company. 

The total shareholding attributable to the Fielmann family will not change as a
result of this measure and neither will the shares attributable to Mr Günther
Fielmann (71.31 per cent).

The management structure will remain focused on Mr Günther Fielmann. In addition
to his role as sole member of the Management Board of the Fielmann Family
Foundation for life, Mr Günther Fielmann is the sole member of the Management
Board of the family holding company. As Chief Executive Officer of Fielmann AG,
he remains responsible for Sales, Marketing and Human Resources.

The entire scheme will be implemented in stages, which will lead to an
"acquisition of control" (combination of at least 30% of the shares in Fielmann
Aktiengesellschaft), as it is known, in accordance with Section 29 para. 2 of
the German Takeover Act (WpÜG). In this connection, applications not to take
certain issues into account in accordance with Section 36 No. 3 of the German
Takeover Act (WpÜG) - and (alternatively) applications for exemption in
accordance with Section 37 para. 1 of the German Takeover Act (WpÜG) will be
agreed with the Federal Financial Supervisory Authority (BaFin).
Hamburg, 19th November 2012


Further inquiry note:
Ulrich Brockmann 
Head of Finance 
Telefon: +49(0)40 27076-442 
E-Mail: u.brockmann@fielmann.com

end of announcement                               euro adhoc 
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issuer:      Fielmann AG
             Weidestraße 118a
             D-22083 Hamburg
phone:       +49(0)40-270 76-0
FAX:         +49(0)40-270 76-399
mail:     investorrelations@fielmann.com
WWW:      http://www.fielmann.com
sector:      Retail
ISIN:        DE0005772206
indexes:     MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Stuttgart, regulated dealing: Hannover, Berlin,
             München, Hamburg, Düsseldorf, regulated dealing/prime standard:
             Frankfurt 
language:   English
 

 

 



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