EANS-Adhoc: Derby Cycle AG: Principal shareholder has set the cash compensation for the squeeze-out at EUR 31.56 per share; additional adjustment of its former earnings forecast for the fiscal year 2011/12
09.10.2012 – 17:27
-------------------------------------------------------------------------------- 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 09.10.2012 On 29 May 2012, Pon Holding Germany GmbH informed the Management Board of Derby Cycle AG (ISIN DE000A1H6HN1, WKN A1H6HN) that as of this day it holds more than 95% of the share capital of Derby Cycle AG and requests in accordance with §327a of the German Stock Corporation Act (Aktiengesetz) that the company's shareholders meeting shall resolve upon the shares of the minority shareholders being transferred to Pon Holding Germany GmbH in return for payment of an appropriate cash compensation. Today Pon Holding Germany GmbH confirmed its request of 29 May 2012 whereby the company's shareholders meeting shall be requested to resolve upon the shares of the minority shareholders being transferred to Pon Holding Germany GmbH in return for payment of EUR 31.56 per share as cash compensation. The calculation of the cash compensation is based on an updated business plan of the company, whereby the expected EBIT margin for the fiscal year 2011/12 will be presumably around 6% and therefore presumably below the last forecast published by the company, which was between 7% and 8%. This is due to the unexpected weak business in August and September which may not be compensated by other effects, which will be subject to further discussion with the auditor during the preparation and audit of the consolidated financial statements. Currently, the company is not in a position to provide for a more precise estimate of the EBIT margin achieved in the fiscal year 2011/12. Further information: ISIN: DE000A1H6HN1 German Security Code Number (WKN): A1H6HN Exchange: Regulated Market (Prime Standard), Frankfurt Derby Cycle AG Siemensstrasse 1-3 49661 Cloppenburg, Germany < End of ad hoc announcement > Further inquiry note: cometis AG Unter den Eichen 7 65195 Wiesbaden www.cometis.de Henryk Deter / Claudius Krause Telefon: +49 (0)611-20 58 55-28 E-Mail: krause@cometis.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Derby Cycle AG Siemensstr. 1-3 D-49661 Cloppenburg phone: +49-4471-966-0 FAX: +49-4471-966-44820 mail: r.bruels@derby-cycle.com WWW: http://www.derby-cycle.de sector: Consumer Goods ISIN: DE000A1H6HN1 indexes: SDAX stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English