Pfleiderer AG
Pfleiderer AG: Pfleiderer AG files application for insolvency / Restructuring planned by way of insolvency plan as debtor in possession
Pfleiderer AG / Key word(s): Insolvency 28.03.2012 18:44 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. --------------------------------------------------------------------------- Neumarkt, March 28, 2012 - As announced in the ad-hoc release dated March 27, 2012 (also in respect to the hybrid bond of Pfleiderer Finance B.V (ISIN XS0297230368 / WKN A0NTX1)) today, the Executive Board of Pfleiderer AG (ISIN DE0006764749) filed a request to open insolvency proceedings and has requested to act as debtor in possession. The appropriate Insolvency Court in Düsseldorf has appointed Mr. Horst Piepenburg as a temporary custodian. The request to open insolvency proceedings applies only to Pfleiderer AG as the holding company, which is functioning solely as an investment holding company without any operational business activity and only 10 employees. The operational subsidiaries are not affected by the insolvency but continue their business activities as usual without any restrictions. The aim is to now implement the necessary financial restructuring by way of an insolvency plan as debtor in possession. This will allow the Executive Board to continue to manage the business and to complete the ongoing restructuring under the supervision of a custodian. Contact: Analysts/Investors Lothar Sindel Vice President Investor Relations Tel.: +49 (0)9181 28 8044 Fax: +49 (0)9181 28 606 E-mail: lothar.sindel@pfleiderer.com Media: Brunswick Group GmbH Tel.: + 49 (069) 2400 - 5517 oder - 5511 Fax: + 49 (069) 2400 - 5555 E-Mail: Pfleiderer@brunswickgroup.com 28.03.2012 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: Pfleiderer AG Ingolstädter Straße 51 93218 Neumarkt Germany Phone: +49 (0)9181 28 - 8044 Fax: +49 (0)9181 28 - 606 E-mail: lothar.sindel@pfleiderer.com Internet: www.pfleiderer.com ISIN: DE0006764749 WKN: 676474 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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