EANS-Adhoc: Hoeft & Wessel Supervisory Board appoints member of Board of Management - Publication of the 2011 annual financial statements on 19 July 2012
17.07.2012 – 19:04
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- annual report 17.07.2012 Hannover/Germany, 17/07/2012. At its meeting today, the Supervisory Board of Hoeft & Wessel AG appointed Mr Rudolf Spiller as a member of the company's Board of Management for one year with immediate effect. In his capacity as Chief Restructuring Officer (CRO), he will be implementing the reorientation of the company together with the Chief Executive Officer (CEO) Michael Hoeft. Spiller (57) is an independent business consultant and successfully carried out leadership tasks in the optics industry, most recently at Leica Camera AG. In order to satisfy the information requirements of the capital market, the Board of Management of Hoeft & Wessel AG has adopted a resolution to publish the 2011 annual financial statements still outstanding on the same day, without an audit certificate from the auditors, on 19 July 2012. The audit of the annual financial statements by the auditor commissioned has not been finalised as yet in the sense that, in the opinion of the auditor, the accounting performed by the Board of Management at going-concern values calls for certain measures to be adopted in connection with the further credit financing of the Company, which are currently still outstanding. However, the auditor has informed the Company that, subject to this issue being resolved, he was not aware of any circumstances that would prevent him from finalising the audit and issuing an unqualified audit certificate. Once the audit certificate has been issued, the Supervisory Board will adopt and confirm the annual financial statements without delay. This will then represent the basis for convening the Annual General Meeting. Accordingly, the Annual General Meeting will need to be postponed until further notice. The audit certificate and the Supervisory Board report will be subsequently submitted without delay. Further inquiry note: Arnd Fritzemeier Tel.: +49-511-6102-300 E-Mail: IR@hoeft-wessel.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Höft & Wessel AG Rotenburger Str. 20 D-30659 Hannover phone: +49-511-6102-0 FAX: +49-511-6102-411 mail: ir@hoeft-wessel.com WWW: http://www.hoeft-wessel.com sector: Technology ISIN: DE0006011000 indexes: Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English