Pankl Racing Systems AG
Pankl Racing Systems AG: Pankl funds growth and redeems ULSG credit early
Pankl Racing Systems AG / Key word(s): Miscellaneous 01.06.2012 08:00 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Pankl Racing Systems AG - Pankl funds growth and redeems ULSG credit early Kapfenberg, 1 June 2012 Pankl took out a 5-year loan in the amount of EUR 20m from a bank consortium led by Raiffeisen Bank International. In addition the consortium consists of Steiermärkische Bank und Sparkassen AG and the Raiffeisenlandesbanken Oberösterreich and Niederösterreich. The proceeds are used to fund growth and to repay the ULSG loan early. Pankl CEO Wolfgang Plasser: 'We are in the middle of a major growth period with the biggest capex programme of our corporate history. This loan improves our financing structure. The early redemption of the ULSG loan also removes restrictions to distribute dividends. Our shareholders can therefore expect higher pay-out ratios in the future.' For further information: Investor Relations Brigitte Putz Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 01.06.2012 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: Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria Phone: +43 3862 33 999 -317 Fax: +43 3862 33 999 -810 E-mail: ir@pankl.com Internet: www.pankl.com ISIN: AT0000800800 WKN: 914732 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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