World Markets AG
World Markets AG : Open Market Frankfurt 4WM – World Markets AG acquires F.I.T. Management Ltd.
World Markets AG / Key word(s): Acquisition/Capital Increase 26.09.2012 09:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- World Markets AG acquires F.I.T. Management World Markets AG ('4WM') has reached an agreement on the acquisition of F.I.T. Management Limited. The purchase will be completed in January 2013 with a partial payment in cash with the balance being the issue of new shares in 4WM. F.I.T. Management Ltd. ('FITML') is a licensed Fund Management Company, which has been managing the F.I.T. Timber Growth Fund ('F.I.T.') (www.fit-tgf.com) for more than 10 years. F.I.T. is a private mutual fund licensed in St. Vincent and the Grenadines with fund assets of USD 327 million (31 August 2012) that offers qualified investors an opportunity to make a fully ecological investment into renewable natural resources, in particular into sustainable timber plantations and the management of natural forests. F.I.T. has concentrated its investment activity in creating Acacia Mangium plantations in the area of Roraima in Brazil's northernmost state. F.I.T. has entrusted the planting and cultivation of the Acacia Mangium trees to F.I.T. Manejo Florestal Ltd, a company 100% owned by F.I.T. This company was formed 1st October 2008 as a successor company to Ouro Verde Florestal Management Ltd. taking over its proven know-how and most of its employees. Additionally in 2009 F.I.T. diversified into the management of natural forest through the acquisition of Madereira Vale Verde Ltd (www.madeireira-vale-verde.com). After 12 years F.I.T.'s Brazilian project is on the verge of changing from the planting and cultivation of high quality timber (FSC Forest Stewardship Counsel certified) , to sustainable harvesting and production for various markets and therefore generating returns on its investment. As a first step of this shift in the business focus, F.I.T. has recently signed a cooperation agreement with Kronoswiss (Kronospan Switzerland AG), a major player in Europe for manufacturing and finishing timber products. FITML is seeking to facilitate its growth potential by increasing its management capacities through joining forces with 4WM. EGM 25 October 2012: World Markets' BoD has called up an Extraordinary General Meeting to take place on 25 October 2012. The agenda of the EGM consists of an increase of capital and the appointment of Robert W. Hausheer as Member of the Board . Further details, invitation, registration forms and a curriculum vitae of Mr. Hausheer are available on the company's website at www.4WM.ch or www.world-markets.com from Saturday 28 September 2012. 26.09.2012 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news ---------------------------------------------------------------------------
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