EANS-Adhoc: A-TEC Industries AG
A-TEC Industries AG accepts offer to fulfill
the restructuring plan.
05.09.2011 – 07:32
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- C.E.O. Interviews/offer accept restructuring plan 05.09.2011 Vienna, September 5th, 2011: A-TEC INDUSTRIES AG (ISIN AT00000ATEC9) ("A-TEC") announces, that A-TEC has accepted the offer of Contor Industries GmbH dated 30.6.2011 to fullfil the 47% quota under the restructuring plan of A-TEC dated 29.12.2010 through acceptance of the following offers: 1. The offer of Wolong Holding Group Co. Ltd to purchase all shares held by A-TEC in ATB Austria Antriebstechnik Aktiengesellschaft. 2. The offer of Solstice International Investments Inc to acquire all shares in Minerals&Metals Holding GmbH. 3. (a) The offer of PalmSquare International FZC to purchase from A-TEC Beteiligungs GmbH the Voitsberg power plant. (b) Alternatively the bridge financing offer in the requisite amount extended by Wolong to A-TEC. All payments resulting from the offers must be made no later than 30.9.2011 to the fiduciary account of Dr Matthias Schmidt, attorney at law. The payments shall, together with the funds already deposited with the trustee, enable the fulfillment of the restructuring plan quota. The strategies underlying the offers were discussed with the main financing banks and credit insurers of the divisions and the offers were improved in line with the latters´ requests. Further inquiry note: Nicole Berger-Akin, B.A. Tel: +43 1 22760 - 108 Email: nicole.berger-akin@a-tecindustries.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: A-TEC Industries AG Wächtergasse 1 A-1010 Wien phone: +43 1 22760 FAX: +43 1 22760-160 mail: office@a-tecindustries.com WWW: http://www.a-tecindustries.com sector: Holding companies ISIN: AT00000ATEC9 indexes: Standard Market Continuous stockmarkets: official market: Wien language: English