Höft & Wessel AG

EANS-Adhoc: Hoeft & Wessel Supervisory Board appoints member of Board of Management - Publication of the 2011 annual financial statements on 19 July 2012

  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.
annual report


Hannover/Germany, 17/07/2012. At its meeting today, the Supervisory Board of
Hoeft & Wessel AG appointed Mr Rudolf Spiller as a member of the company's
Board of Management for one year with immediate effect. In his capacity as
Chief Restructuring Officer (CRO), he will be implementing the reorientation of
the company together with the Chief Executive Officer (CEO) Michael Hoeft.
Spiller (57) is an independent business consultant and successfully carried out
leadership tasks in the optics industry, most recently at Leica Camera AG.

In order to satisfy the information requirements of the capital market, the
Board of Management of Hoeft & Wessel AG has adopted a resolution to publish
the 2011 annual financial statements still outstanding on the same day, without
an audit certificate from the auditors, on 19 July 2012. The audit of the
annual financial statements by the auditor commissioned has not been finalised
as yet in the sense that, in the opinion of the auditor, the accounting
performed by the Board of Management at going-concern values calls for certain
measures to be adopted in connection with the further credit financing of the
Company, which are currently still outstanding. However, the auditor has
informed the Company that, subject to this issue being resolved, he was not
aware of any circumstances that would prevent him from finalising the audit and
issuing an unqualified audit certificate. Once the audit certificate has been
issued, the Supervisory Board will adopt and confirm the annual financial
statements without delay. This will then represent the basis for convening the
Annual General Meeting. Accordingly, the Annual General Meeting will need to be
postponed until further notice. The audit certificate and the Supervisory Board
report will be subsequently submitted without delay.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: IR@hoeft-wessel.com

end of announcement                               euro adhoc 

issuer:      Höft & Wessel AG
             Rotenburger Str.  20
             D-30659 Hannover
phone:       +49-511-6102-0
FAX:         +49-511-6102-411
mail:     ir@hoeft-wessel.com
WWW:      http://www.hoeft-wessel.com
sector:      Technology
ISIN:        DE0006011000
indexes:     Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Höft & Wessel AG

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