EANS-Adhoc: Wolford AG Wolford in negotiations to sell and rent the company property in Bregenz
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Strategic Management Decisions
03.04.2020
Bregenz - Wolford AG is currently in the final phase of negotiations with the
Blum Group on the sale and rental of the company's property in Bregenz,
Wolfordstraße 1 and 2. The purchase price offered amounts to approximately EUR
72 million. Wolford plans to rent the operational property from the buyer on a
long-term basis, as the headquarters and production facilities are to remain at
the location. The exclusive negotiations were preceded by a bidding process with
several prospective buyers which took several months. Upon implementation of the
transaction, Wolford AG expects to be able to repay all credit lines of its
Austrian banking partners and also to have sufficient financial resources to
properly position the company for the future.
Further inquiry note:
Wolford AG
Katharina Maurer
Global Communication
Tel: +43 (0) 5574 690 1291
investor@wolford.com / company.wolford.com
end of announcement euro adhoc
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issuer: Wolford Aktiengesellschaft
Wolfordstrasse 1
A-6900 Bregenz
phone: +43(0) 5574 690-1258
FAX: +43(0) 5574 690-1410
mail: investor@wolford.com
WWW: http://company.wolford.com
ISIN: AT0000834007
indexes: ATX GP
stockmarkets: Frankfurt, Wien, New York
language: English
Mid Year Results Bregenz - * New Management Board is developing a plan to reposition the company * Revenue down 3% - Operating loss of EUR 9.4 million * Medium-term forecast remains unchanged Bregenz, December 13, 2019: Wolford AG, which is listed on the Vienna Stock Exchange, generated revenue of EUR 60.49 million in the first six months of the current financial ...
