Progress-Werk Oberkirch AG

EANS-News: Progress-Werk Oberkirch AG
PWO issues information about its shareholder structure

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Stock Activity

Oberkirch (euro adhoc) - - Discontinuation of Aviva plc's indirect interest in PWO - Delta Lloyd Asset Management N.V. continues to hold 9.6 percent of PWO's share capital

Oberkirch, May 16, 2011 - In a voting rights announcement released today, Progress-Werk Oberkirch AG has disclosed that Aviva plc no longer holds an interest in its share capital.

This announcement arises from the fact that Aviva has reduced its interest in Delta Lloyd NV. below the 50 percent threshold. Delta Lloyd's interest in PWO is no longer attributable to Aviva as a consequence.

Delta Lloyd continues to hold a total of 239,334 shares, corresponding to 9.6 percent of PWO's share capital, in several of its investment funds.

Progress-Werk Oberkirch AG The Management Board

PWO company profile

PWO is one of the world's leading suppliers of high-end metal components for automobile safety and comfort. The company has developed unique knowledge in the forming and joining of metals over the course of its over 90-year history since it was founded in 1919. The German location at Oberkirch today employs around 1,200 staff members. The Group is globally represented with further sites in China, Canada, Mexico and the Czech Republic, and employs around 2,200 staff around the world.

PW0 is a partner to the global automotive industry for the development and production of innovative products in the areas of "Mechanical components for electrical and electronic applications", "Safety components for airbags, seats and steering" and "Components and systems for vehicle bodies and chassis".

end of announcement                               euro adhoc
company:     Progress-Werk Oberkirch AG
          Industriestraße 8
          D-77704 Oberkirch
phone:       +49(0)7802 84-0
sector:      Automotive Equipment
ISIN:        DE0006968001
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
          Hamburg, Stuttgart, Düsseldorf, München
language: English 


Charlotte Frenzel
Tel.: +49 (7802) 84-844

Branche: Automotive Equipment
ISIN: DE0006968001
WKN: 696800
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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