AWD Holding AG
AWD Holding AG:Reorganization of the United Kingdom business segment decided / Considerable financial one-off impact of restructuring actions on AWD Group earnings anticipated
AWD Holding AG / Strategic Company Decision/Dividend Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- On 12 November 2008, the Board of Management of AWD Holding AG decided with regard to the United Kingdom business segment to reorganize activities of the Group’s companies. The wide-ranging measures to be taken include the concentration of business in the UK on the areas of Wealth Management and Corporate Pensions Consulting – and thus on independent financial advice. In the context of the refocus, Home Finance and other marginal activities are to be discontinued or sold; Home Finance has been par-ticularly hard hit by the consequences of the international property and financial crisis. In addition, minor activities may be merged with continuing operations. The restructuring actions will probably lead to significant one-off charges on the earnings of the AWD Group. The anticipated restructuring actions will burden the net profit of the AWD Group by approximately €27 million in current business year. Furthermore, there will be operating losses from the operations of AWD United Kingdom in 2008. In total, from today’s perspective the AWD Group’s net profit for the year 2008 will probably be only slightly positive. This would result in AWD Holding AG probably not paying a dividend to its shareholders for the year 2008. AWD Holding AG, AWD-Platz 1 • 30659 Hanover • Germany Béla Anda Public Relations Phone: +49 (0)511 9020 5387 Fax: +49 (0)511 9020 5330 E-mail: Presse@awd.de Hartmuth Höhn Investor Relations Phone: +49 (0)511 9020 5660 Fax: +49 (0)511 9020 5121 E-mail: Investor.Relations@awd.de 12.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: AWD Holding AG AWD-Platz 1 30659 Hannover Deutschland Phone: +49 (0)511 9020-5120 Fax: +49 (0)511 9020-5121 E-mail: investor.relations@awd.de Internet: www.awd.de ISIN: DE0005085906 WKN: 508590 Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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