schlott gruppe Aktiengesellschaft
schlott gruppe AG: more than 50 per cent of share capital eroded
schlott gruppe Aktiengesellschaft / Key word(s): Insolvency/AGM/EGM 20.01.2011 11:22 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. --------------------------------------------------------------------------- schlott gruppe AG: more than 50 per cent of share capital eroded Nuremberg, 20 January 2011. On 18 January 2011, the District Court of Nuremberg appointed Dr. Siegfried Beck as the provisional insolvency administrator for schlott gruppe AG and its domestic subsidiaries. Having submitted an application for the commencement of insolvency proceedings, schlott gruppe AG will have to conduct its accounting on the basis of liquidation value. In particular, this will have an influence on the measurement and recognition of interests in and receivables from affiliated entities. As a result, schlott gruppe AG is faced with an erosion of share capital by more than 50 per cent. Pursuant to Section 92 of the German Stock Corporation Act (Aktiengesetz - AktG), the company is therefore obliged to convene immediately an Extraordinary Meeting of Shareholders. In view of the current situation, the provisional insolvency administrator is not in a position to approve the funds required for the purpose of convening an Extraordinary Meeting of Shareholders. Therefore, at present no date can be specified in respect of such an Extraordinary Meeting of Shareholders. schlott gruppe AG Marco Walz Investor Relations & PR Wittlensweilerstraße 3 72250 Freudenstadt GERMANY Tel.: +49 7441 531-230 Fax : +49 7441 531-204 marco.walz@schlottgruppe.de www.schlottgruppe.de 20.01.2011 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: schlott gruppe Aktiengesellschaft Wittlensweilerstraße 3 72250 Freudenstadt Deutschland Phone: +49 (0)7441 531-230 Fax: +49 (0)7441 531-204 E-mail: marco.walz@schlottgruppe.de Internet: www.schlottgruppe.de ISIN: DE0005046304 WKN: 504630 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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