EANS-Adhoc: Balda AG
Balda expects to generate proceeds of EUR 238 million
from sale of 20.0 million shares in TPK Holding
24.02.2012 – 11:14
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Company Information 24.02.2012 Bad Oeynhausen, 24 February 2012 - Balda Investments Singapore Pte. Ltd., a Balda AG Group company, has today agreed to sell a total of 20.0 million shares in TPK Holding Co., Ltd., expecting to generate proceeds of roughly EUR 238 million (based on today´s exchange rate EUR/Taiwan Dollar). The transaction took place as a block trade in accordance with the regulations of the Taiwanese stock exchange; an investment bank was involved in the process. After the transaction, Balda Investments Singapore Pte. Ltd. continues to hold 17.8 million shares in TPK. The partial sale reduces the company´s interest in the Chinese touchscreen manufacturer, a shareholding without strategic significance, from 16.1 % to 7.6 %. The Board of Directors at Balda AG has reiterated its intention to likewise dispose of its remaining interest in the company at optimum value. The sale will result in considerable one-off earnings in the consolidated financial statements for 2012, leading the Board of Directors to anticipate considerable profit for the Group for the current financial year. The Board has confirmed that it plans to distribute part of the proceeds generated by the disposal to shareholders as an extraordinary dividend. As a further consequence of the transaction, Balda's representative will resign from its management board position in TPK. Closing of transaction is expected to take place within the next week. Company profile of Balda AG The Balda Group develops and produces complete plastic assemblies, electronic products and products for the medical technology industry. Balda´s customers are leading companies in the pharmaceutical, medical technology, consumer electronics electronic communications and mobile phone markets. The Group is internationally positioned with production sites in Germany and Malaysia. A subsidiary in the USA operates in product design and development. Within the scope of its shareholding in a leading touchscreen manufacturer in China, Balda is participating in the dynamic development of the touchscreen displays market. This ad-hoc announcement contains forward-looking statements, which are based on the current expectations of Balda´s management. They therefore contain a range of risks and uncertainties because they relate to future events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda will neither revise these forward-looking statements nor correct them in the event of any unexpected development, unless there is a legal obligation to do so. This ad-hoc announcement represents neither an offer to buy shares nor an invitation to submit an offer to buy shares in the United States or any other country. The shares in Balda AG (the "shares") may not be offered or sold in the United States or to or for the account of U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, in its current version (the "Securities Act")), unless they are registered or are exempt from registration under the Securities Act. The shares have not been and will not be registered under the Securities Act. Further inquiry note: Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH Tel.: +49 - 54 04 - 91 92 0 Fax: +49 - 54 04 - 91 92 29 Mail: office@elsner-kommunikation.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Balda AG Bergkirchener Str. 228 D-32549 Bad Oeynhausen phone: +49 (0) 5734 9 22-0 FAX: +49 (0) 5734 922-2747 mail: info@balda.de WWW: http://www.balda.de sector: Semiconductors & active components ISIN: DE0005215107 indexes: CDAX, Prime All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English