Masterflex SE
Masterflex AG to focus on its holding function and be transformed into an SE
Masterflex AG / Key word(s): Strategic Company Decision 26.03.2012 14:31 Dissemination 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. --------------------------------------------------------------------------- Masterflex AG to focus on its holding function and be transformed into an SE Gelsenkirchen, 26 March 2012 - Based on comprehensive preliminary investigations, the Executive and Supervisory Boards have decided to press ahead with the reorganisation of Masterflex AG into a pure management and financial holding company. As a result of the preliminary investigations, Masterflex AG's operating business at the location Gelsenkirchen is to be transferred to a wholly owned subsidiary by way of a spin-off under the law regulating the transformation of companies. Via a spin-off, a legal entity can transfer a part or several parts of its assets to another existing legal entity in exchange for the granting of shares or memberships. All the operating activities of Masterflex AG are to be the subjects of the spin-off, but not the assets or liabilities necessary for its function as a holding company managing the Group. There is no change in the assets of the Masterflex Group associated with this, apart from the allocation of operating assets and liabilities to an existing wholly-owned subsidiary. The objective of the spin-off is to improve the management of the operating units, above all with regard to the increasing internationalisation of the Masterflex Group's activities in the high-tech hose and connector business. As a similar expression of this internationalisation, Masterflex AG's legal form is to be transformed into that of an SE (Societas Europaea). Both steps are subject to approval by the Annual General Meeting. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: The Masterflex Group, based in Gelsenkirchen, is a specialist in the development and production of high-quality connector and hose systems using innovative high-tech plastics. With operational subsidiaries soon to number 14 in Europe, America and Asia, the Group is represented almost all around the world. The many potential uses of high-tech hoses, coupled with outstanding expertise in the processing of high-end plastics, enable Masterflex to provide solutions that would otherwise be inadequate or impossible with conventional materials. The Group's growth is driven by internationalisation and innovation. Masterflex shares have been listed as Prime Standard on the German stock exchange since 2000. 26.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Masterflex AG Willy-Brandt-Allee 300 45891 Gelsenkirchen Germany Phone: +49 (0)209 97077-44 Fax: +49 (0)209 97077-20 E-mail: annette.littmann@masterflex.de Internet: www.masterflex.de ISIN: DE0005492938 WKN: 549 293 Indices: Prime all share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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