EANS-Adhoc: Balda AG - Clarification Balda generates approx. EUR 150 million
by sale of further shares in TPK Holding
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
Company Information
01.07.2012
Clarification: The new version of the ad hoc release clarifies that the holding
of Balda Investments Singapore Pte. Ltd. in TPK Holding Co., Ltd. drops to
approx. 0.8 %, but will go up to approx. 2 % due to TPK dividends physically
made in shares.
Bad Oeynhausen, July 1st, 2012 - Balda AG has sold through its subsidiary Balda
Investment Singapore Pte. Ltd. 15,998,365 shares of TPK Holding Co., Ltd. and
generated proceeds in the amount of approx. EUR 150 million. The transaction was
made via block-trade organized by the investment firm UBS. The sale, which will
not affect the dividend rights of Balda in TPK Holding for the business year
2011, will be recognized in profit and loss of the short business year from
January 1st 2012 to June 30, 2012 in the same way as the sale already conducted
in February 2012 of 20,000,000 TPK-shares with generated proceeds of approx. EUR
238 million. As a consequence, a significant profit on group-level has to be
expected.
The transaction further reduces the holding of Balda Investments Singapore Pte.
Ltd. in TPK Holding Co., Ltd. from 7.6 % to approx. 0.8 %, but will go up to
approx. 2 % due to TPK dividends for business year 2011 physically made in
shares. The management board intends to sell the remaining shares, that will be
locked up for 90 days, at an optimized value and to fully dispose of the
non-strategic TPK-investment. It also confirmed the aim to distribute a
significant amount of the transaction as extraordinary dividend to the
shareholders of Balda AG.
Company profile of Balda AG
The Balda Group develops and produces complete plastic assemblies, electronic
products and products for the medical technology industry. Balda's customers are
leading companies in the pharmaceutical, medical technology, consumer
electronics electronic communications and mobile phone markets. The Group is
internationally positioned with production sites in Germany and Malaysia. A
subsidiary in the USA operates in product design and development. Within the
scope of its shareholding in a leading touchscreen manufacturer in China, Balda
is participating in the dynamic development of the touchscreen displays market.
This ad-hoc announcement contains forward-looking statements, which are based on
the current expectations of Balda's management. They therefore contain a range
of risks and uncertainties because they relate to future events and depend on
circumstances that will occur in the future, such as, for example, developments
in the mobile communications industry, changes in technology and the ability to
timely and successfully develop new products and various other factors. Balda
will neither revise these forward-looking statements nor correct them in the
event of any unexpected development, unless there is a legal obligation to do
so.
This ad-hoc announcement represents neither an offer to buy shares nor an
invitation to submit an offer to buy shares in the United States or any other
country. The shares in Balda AG (the "shares") may not be offered or sold in the
United States or to or for the account of U.S. persons (as defined in Regulation
S of the U.S. Securities Act of 1933, in its current version (the "Securities
Act")), unless they are registered or are exempt from registration under the
Securities Act. The shares have not been and will not be registered under the
Securities Act.
Further inquiry note:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - 54 04 - 91 92 0
Fax: +49 - 54 04 - 91 92 29
Mail: office@elsner-kommunikation.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: Balda AG
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2747
mail: info@balda.de
WWW: http://www.balda.de
sector: Semiconductors & active components
ISIN: DE0005215107
indexes: CDAX, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English