EANS-Adhoc: Balda AG
Balda generates approx. EUR 150 million by sale of
further shares in TPK Holding
01.07.2012 – 21:00
-------------------------------------------------------------------------------- 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 01.07.2012 Bad Oeynhausen, July 1st, 2012 - Balda AG has sold through its subsidiary Balda Investment Singapore Pte. Ltd. 15,998,365 shares of TPK Holding Co., Ltd. and generated proceeds in the amount of approx. EUR 150 million. The transaction was made via block-trade organized by the investment firm UBS. The sale, which will not affect the dividend rights of Balda in TPK Holding for the business year 2011, will be recognized in profit and loss of the short business year from January 1st 2012 to June 30, 2012 in the same way as the sale already conducted in February 2012 of 20,000,000 TPK-shares with generated proceeds of approx. EUR 238 million. As a consequence, a significant profit on group-level has to be expected. The transaction further reduces the holding of Balda Investments Singapore Pte. Ltd. in TPK Holding Co., Ltd. from 7.6 % to approx. 0.8 %. The management board intends to sell these remaining shares, that will be locked up for 90 days, at an optimized value and to fully dispose of the non-strategic TPK-investment. It also confirmed the aim to distribute a significant amount of the transaction as extraordinary dividend to the shareholders of Balda AG. 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