Rickmers Holding AG i.I.
Consolidation in the breakbulk and project cargo sector – Rickmers Group sells business operations of Rickmers-Linie to ZEABORN
Rickmers Holding AG / Key word(s): Disposal 09-Feb-2017 / 19:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. February 9, 2017 Disclosure of inside information according to Article 17 Market Abuse Directive Consolidation in the breakbulk and project cargo sector Rickmers Group sells business operations of Rickmers-Linie to ZEABORN Rickmers-Linie GmbH & Cie. KG and MCC Marine Consulting & Contracting GmbH & Cie. KG, which are both fully-owned by Rickmers Holding AG, reached agreement as Sellers on February 7, 2017 with ZEABORN Chartering GmbH & Co. KG as Purchaser regarding their respective operating businesses. The execution of the transaction was subject to the approval of the financing banks of the Rickmers Group and remains subject to anti-trust authorities. The planned sale involves the entire operating business of Rickmers-Linie GmbH & Cie. KG as shipping line and the entire operating business of MCC Marine Consulting & Contracting GmbH & Cie. KG, which focuses on bunker purchasing and chartering brokerage for the segment. The transaction also covers the employees, assets, subsidiaries and branch offices of Rickmers- Linie GmbH & Cie. KG and current commercial contracts. NPC Projects A/S, acquired in July 2016 by Rickmers-Linie GmbH & Cie. KG, is also included in this transaction. The Purchaser is to acquire the right to use the brand names 'Rickmers-Linie' and 'Rickmers-Line', however only within the scope of activity of the business to be acquired. On closing the planned transaction the Sellers are to pay compensation in the single-digit million-euro range. The parties have agreed to maintain confidentiality regarding details of the acquisition-price calculation. The sale of the Rickmers-Linie business segment has no impact on the workforce, shipping routes and Rickmers-Linie tonnage under long-term charter. Employees of this business segment will continue to work at the offices used by the Rickmers Group on Neumühlen, Hamburg, Germany for the time being. Under the terms of the planned transaction, Bertram R.C. Rickmers is to hold a minority stake in ZEABORN Chartering GmbH & Co. KG via a company he holds privately. The Rickmers Group will focus in future on the activities of its Maritime Assets and Maritime Services business segments. --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: About the Rickmers Group The Rickmers Group is an international service provider in the maritime transport sector and a containership owner with a global blue-chip customer base. It is represented through its main offices in Hamburg and Singapore, in eleven countries and more than 50 sales agencies worldwide. The Group's business activities are divided into three segments: Maritime Assets, Maritime Services and ime transport sector and a containership ownn detailed above - Rickmers-Linie. In the Maritime Assets segment the Rickmers Group is active as Asset Manager for its own vessels and also for those of third parties. The Group initiates and coordinates shipping projects, organises financing and acquires, charters and sells ships. In the Maritime Services business segment the Rickmers Group provides shipmanagement services for its own vessels as well as for those owned by third parties; these services comprise technical and operational management, crewing, newbuild supervision, consultancy and insurance-related services. In the Rickmers- Linie business segment the Rickmers Group operates as a shipping line for breakbulk, heavylift and project cargo, and additionally offers individual voyages. Press enquiries: Kirchhoff Consult AG Jens Hecht T: +49 (0)40 60 91 86 0 F: +49 (0)40 60 91 86 60 E: jens.hecht@kirchhoff.de The material set forth in this announcement is for informational purposes only and does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption from the registration requirements of the Securities Act and any applicable securities laws of any state or other jurisdiction of the United States. No public offering of securities will be made in the United States. The material set forth in this announcement does not constitute an offer of securities for sale in any jurisdiction in which such an offer or solicitation is unlawful. No public offering of securities will be made in any member state of the European Economic Area. --------------------------------------------------------------------------- 09-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Rickmers Holding AG Neumühlen 19 22763 Hamburg Germany Phone: +49 40 389177 0 Fax: +49 40 389177 500 E-mail: info@rickmers.com Internet: www.rickmers.com ISIN: DE000A1TNA39 WKN: A1TNA3 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt End of Announcement DGAP News Service
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