Tous Actualités
Suivre
Abonner TA Triumph-Adler AG

TA Triumph-Adler AG

euro adhoc: TA Triumph-Adler AG
Mergers - Acquisitions - Takeovers
TA Triumph-Adler AG tax loss carryforwards no longer deductible following Kyocera Mita takeover

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
19.01.2009
Nuremberg, January 19, 2009 - Kyocera Mita Corporation, Osaka, Japan,
has today announced that, as of the expiry of the acceptance period 
for its voluntary public takeover offer of December 13, 2008, it now 
holds 37.320.235 shares of TA Triumph-Adler AG (a direct share of 
approximately 67.39%), and that the takeover offer for a further 
11,799,656 shares of TA Triumph-Adler AG, corresponding to a share of
around 21.31%, was accepted.
The takeover offer is subject to anti-trust approval by the European 
Commission, as well as South African anti-trust authorities.
Subject to the granting of these two approvals, Kyocera Mita 
Corporation consequently holds a share of 88.69% of the voting rights
in TA Triumph-Adler AG, and has thus acquired a share of over 50% of 
the total number of voting rights in TA Triumph-Adler AG as a result 
of its takeover offer. Subject to the granting of these two 
approvals, and pursuant to § 8 c, Paragraph 1,1 Clause 2 of the 
German Corporation Income Tax Act, this means in turn that all tax 
loss carryforwards of TA Triumph-Adler AG and of its German 
subsidiaries already in existence as of this date, are no longer 
tax-deductible.
The tax benefits arising from these loss carryforwards were 
capitalized as deferred tax assets to an amount of around EUR20 
million pursuant to IFRS 12 in the interim financial statements of 
the TA Triumph-Adler Group as of September 30, 2008. In all 
likelihood, this item must now be written down in its entirety. Group
earnings in the consolidated financial statements as of December 31, 
2008 will consequently be correspondingly lower, and a charge will be
applied to consolidated equity.
This accounting process has no impact on the balance sheet of the 
legally relevant parent company, TA Triumph-Adler AG, and has no 
effect on operating cash flow. Effects on components of Group 
financing cannot be excluded currently, however. This possibility was
communicated to the affected parties ahead of the submission of the 
takeover offer. In this connection, the Management Board of TA 
Triumph-Adler AG refers to Section 7.2 of the offer document, in 
which Kyocera Mita declares that it will "enable the continuation of 
financing or corresponding replacement financing through appropriate 
measures".
Contact:
TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200 
ir@ta.ag
www.triumph-adler.com
Bearer shares ISIN: DE0007495004, admitted to official trading (Prime
Standard) on the Frankfurt stock exchange and on all German regional 
exchanges
Important notice: This press release contains forward-looking 
statements that are based on assumptions and estimates made by the 
management of TA Triumph-Adler AG. Even if the management of the 
company is of the view that these assumptions and estimates are 
appropriate, future actual developments and future actual events may 
diverge significantly from these assumptions and estimates due to 
various factors. These factors may include, by way of example, 
changes in the macroeconomic situation, exchange rates, interest 
rates, as well as changes both within the market and in the 
competitive environment as the result of technological change. TA 
Triumph-Adler AG provides no guarantee, and accepts no liability, if 
future developments, and results achieved in the future, do not 
accord with the assumptions and estimates expressed in this press 
release.
end of announcement                               euro adhoc

Further inquiry note:

Sonja Blättchen

Telefon: +49 (0)911 6898-104

E-Mail: sonja.blaettchen@triumph-adler.net

Branche: Semiconductors & active components
ISIN: DE0007495004
WKN: 749500
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Plus de actualités: TA Triumph-Adler AG
Plus de actualités: TA Triumph-Adler AG
  • 18.11.2008 – 08:48

    Kyocera Mita announces takeover offer for TA Triumph-Adler AG at EUR 1.90 per share

    Extended cooperation aims to facilitate expansion opportunities for TA Triumph-Adler's Direct Sales across the whole of Europe under its own brand ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies Nürnberg (euro adhoc) - Nuremberg, November 18, 2008 - Kyocera Mita Corporation, Osaka, ...

  • 12.11.2008 – 07:31

    TA Triumph-Adler AG confirms revised targets for 2008

    Sales of almost €300 million after nine months, pre-tax earnings of €8.8 million Financing and business not affected by financial crisis ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. finances Nürnberg (euro adhoc) - Nuremberg, November 12, 2008 - TA Triumph-Adler AG's consolidated sales in the first nine months of the 2008 financial year ...