A-TEC Industries AG

EANS-Adhoc: A-TEC INDUSTRIES AG announces plans to restart Business Activities

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  ad-hoc disclosure 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
04.02.2013


Vienna, Feb.4, 2013: The board of directors of A-TEC INDUSTRIES AG (ISIN
AT00000ATEC9) ("A-TEC") announces today: As per Ad-hoc information of Nov. 6,
2012, the trustee to the restructuring proceedings of A-TEC intended to effect
the payment of a cash quota in the amount of 39%, to A-TEC's creditors ---as per
the restructuring proceedings. This payment has been effected. Due to the fact
that all assets of A-TEC have been transferred to the trustee, and the major
part of the assets having been sold, the restructuring of A-TEC, i.e. release of
all debts, has been effected as per restructuring plan of Dec. 29, 2010, by
payment of a 39 % quota which exceeded the 30% quota required by the
restructuring plan. A-TEC now is planning to recommence its business activities,
in the medium term, by re-establishing its original core business fields which
have been in place since 2001, i.e. industrial investments in
machine(tool)production, plant construction (energy and environment), drive
technologies, and minerals and metals (upstream, downstream, with focus on
copper production). Presently, A-TEC is sounding and pre-discussing possible
acquisitions. Financing may be effected by means of capital increases, share
issuings, equity like instruments, mezzanine capital, or debt financing. At the
same time, share capital increases by using newly issued shares as consideration
for the acquisition, may be considered. First acquisitions may take place in the
first or second half of 2013.

A-TEC has and had, both during and after end of the restructuring proceedings,
the infrastructure - staff, premises, an acting management (CEO and CFO)  
necessary to maintain an industrial holding company. All expenses accrued during
and after the restructuring proceedings, have and will be borne by the main
shareholder M.U.S.T. private-foundation ("Main Shareholder") until A-TEC's
ability to effect repayment.   The financing of these expenses has been agreed
between A-TEC and the Main Shareholder, whereupon the repayment shall be
subordinated and free of interests and performed by Dec.31, 2013, provided
acquisitions have been made until Dec. 31, 2013, otherwise at a later date
following acquisitions. Additional holding expenses have not accrued until now
and are not planned. Both board of directors and supervisory board are presently
acting free of charge, until further notice.

Once A-TEC has recommenced its regular business activities, the company plans to
increase personnel to a level required by an operational industrial holding
company, and to relocate the present office premises - located at a hotel at
1100 Vienna and owned by the Main Shareholder -to Vienna city center premises
suitable for an industrial holding company. During 2013 the company should be
provided with new funding, both from its core shareholders, and, if applicable
and feasible, by share capital increase via public  offering in the year 2013.

The Austrian Financial Market Authority announced on Feb.1, 2013, that it
mandated the Vienna Stock Exchange AG to examine reasons for a possible
delisting of A-TEC's financial instruments from the Official Market, based on
reasons which already have been reported in the public media.

Finally, A-TEC announces that, following suggestion of several shareholders, an
informative meeting solely for A-TEC's shareholders, will take place to discuss
the future of the company and possible business activities, on Feb. 15, 2013,
09:00 - 11:00 a.m., at 1100 Vienna Kurbadstrasse 8, Airo Tower Hotel. This
informational meeting shall solely provide for a discussion among and with
shareholders and by no means shall be regarded as a shareholder general meeting
as per the AktG (joint stock corporation law). For admission purposes,
shareholders are requested to complete the form "Information Meeting of Feb.15,
2013 - Registration" as preannounced on A-TEC's homepage, and submit the
completed form prior to joining the meeting.

Investor Relations contact:
A-TEC Industries AG
Kurbadstrasse 8
1100 Vienna
Email: office@a-tecindustries.com


Further inquiry note:
Mag. Franz Fehringer

end of announcement                               euro adhoc 
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issuer:      A-TEC Industries AG
             Kurbadstraße 8
             A-1100 Wien
WWW:      http://www.a-tecindustries.com
sector:      Holding companies
ISIN:        AT00000ATEC9
indexes:     Standard Market Continuous
stockmarkets: official market: Wien 
language:   English
 



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