Derby Cycle AG

EANS-News: Derby Cycle AG: Change in the Supervisory Board

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Company Information

Cloppenburg (euro adhoc) - Derby Cycle AG (ISIN DE000A1H6HN1, WKN A1H6HN),
Germany's largest bicycle manufacturer in terms of revenue, announces a change
in its Supervisory Board. Adrianus Bernard Smalbraak, Chief Executive Officer of
Pon Holdings B.V., resigned from his position as member of the supervisory board
of Derby Cycle AG by the end of September 26, 2012. The chairman of the
Supervisory Board has agreed to accept the resignation of Mr. Smalbraak. The
resignation of Mr. Smalbraak takes place in mutual agreement with the Executive
Board and the Supervisory Board. 

Successor of Mr. Smalbraak as member of the Supervisory Board is Floris
Ferdinand Waller, Chief Financial Officer of Pon Holdings B.V. Mr. Waller was
appointed substitute member for Mr. Smalbraak at the ordinary General Meeting of
Derby Cycle AG on March 2, 2012. He has taken Mr. Smalbraak's place on the
Supervisory Board effective by September 27, 2012. His term of office, in
accordance with the articles of association, ends with the Annual General
Meeting that decides on the ratification of the actions for the 2014/15
financial year - unless a new Supervisory Board member is elected at the next
Annual General Meeting by a three-quarters majority. 

Mr. Smalbraak had been a member of the Supervisory Board since March 2, 2012.
The Executive Board and Supervisory Board of Derby Cycle AG wish to thank Mr.
Smalbraak for his trustworthy cooperation.

Company profile:
Derby Cycle is Germany's largest bicycle manufacturer in terms of revenues, and
one of the leading manufacturers in Europe. In particular, global demand growth
for high-quality electric and sports bicycles, as well as the company's
advancing internationalisation in all European volume markets, are reflected in
the company's dynamic growth. Derby Cycle's product range comprises electric
bicycles, sports bicycles for leisure and competition purposes, as well as
comfort bikes for everyday and travel use. These bicycles are sold through the
established Kalkhoff, FOCUS, Raleigh, Univega and Rixe brands. All models are
developed and assembled at the company's base in Cloppenburg, Germany. These
high-quality products are distributed through specialist retailers who provide
their customers with professional advice and extensive service.

With around 614 employees, Derby Cycle achieved revenue of EUR 235.5 million in
the fiscal year 2010/2011, 66.9% of which was generated in Germany, and 33.1%
abroad. Earnings before interest and tax (EBIT) amounted to approximately EUR
19.6 million. Derby Cycle sold a total of around 482,000 bicycles, of which
87,000 comprised e-bikes. 

Further information is available at:

Further inquiry note:
cometis AG 
Unter den Eichen 7 
65195 Wiesbaden

Henryk Deter / Claudius Krause
Telefon: +49 (0)611-20 58 55-28

end of announcement                               euro adhoc 

company:     Derby Cycle AG
             Siemensstr. 1-3
             D-49661 Cloppenburg
phone:       +49-4471-966-0
FAX:         +49-4471-966-44820
sector:      Consumer Goods
ISIN:        DE000A1H6HN1
indexes:     SDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Derby Cycle AG

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