C.A.T. oil AG

EANS-Adhoc: C.A.T. oil AG
C.A.T.oil AG files Statement of Facts against Former Management Board

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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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other
10.04.2015


C.A.T.oil AG files Statement of Facts against Former Management Board
-        Suspicion of breach of trust in the procurement of investment goods via
 companies not belonging to the Group acting as intermediaries and earning
millions in margins without objective grounds 


Vienna, April 10, 2015


Today C.A.T.oil AG filed a statement of facts with the Central Public
Prosecutor's Office for the Prosecution of Economic Crimes and Corruption in
Vienna, presenting circumstances against inter alia Anna Brinkmann and Edward
Brinkmann, which sets out reasons substantiating reasonable suspicion of breach
of trust. 

The statement of facts relates to transactions in connection with a procurement
system which the two suspects established at the C.A.T.oil AG Group in recent
years. In purchasing investment goods for business operations of C.A.T.oil AG,
companies not belonging to the Group were used as intermediaries. These
companies profited from the procurement system to a double-digit million amount
without any discernible economic justification. There is a strong suspicion that
these companies can be ascribed to Anna Brinkmann, and that the procurement
system at C.A.T.oil AG was deliberately implemented to the detriment of
C.A.T.oil AG.


Further inquiry note:
Contact:

Bernhard Grabmayr
SCHOLDAN & COMPANY
office@scholdan.com
+43-1-513 23 88-11

end of announcement                               euro adhoc 
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issuer:      C.A.T. oil AG
             Kärntner Ring 11-13
             A-1010 Wien
phone:       +43(0) 1 535 23 20 - 0
FAX:         +43(0) 1 535 23 20 - 20
mail:     ir@catoilag.com
WWW:      http://www.catoilag.com
sector:      Oil & Gas - Upstream activities
ISIN:        AT0000A00Y78
indexes:     SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English
 

 


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