HairGroup AG
ESSANELLE HAIR GROUP AG: Annual General Meeting agrees to squeeze-out
DGAP-News: ESSANELLE HAIR GROUP AG / Key word(s): AGM/EGM/Squeeze Out 27.06.2014 / 15:30 --------------------------------------------------------------------- ESSANELLE HAIR GROUP AG: Annual General Meeting agrees to squeeze-out Cash settlement of EUR 11.27 Dividends of EUR 0.50 for 2013 Düsseldorf, 27/06/2014 - The Annual General Meeting of Essanelle Hair Group AG voted in Düsseldorf today to transfer the shares held by the minority shareholders in HairGroup AG via an upstream merger squeeze-out process. The minority shareholders will receive a cash compensation of EUR 11.27 Euro per share. When the squeeze-out is entered in the Commercial Registry, the minority shareholdings will transfer to HairGroup AG and the minority shareholders will receive the cash payment. The Annual General Meeting also decided to formally discharge the Management Board and Supervisory Board of Directors for the 2013 business year. Furthermore the AGM followed the suggestion of the Management Board and Supervisory Board of Directors and decided to distribute a dividend for 2013 to the amount of EUR 0.50 per share. Achim Mansen, chairman of the Management Board of Essanelle Hair Group AG: "We are delighted that on the basis of our good earnings in the 2013 business year we are once again in a position to pay a dividend of 50 cents to shareholders. Our focus in the future under a new name will continue to be on the company's good operational performance." End of Corporate News --------------------------------------------------------------------- 27.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: ESSANELLE HAIR GROUP AG Himmelgeister Straße 103-105 40225 Düsseldorf Germany Phone: +49 (0)2156-492 8266 Fax: +49 (0)221-4207559 E-mail: investor@essanelle-hair-group.com Internet: www.essanelle.de ISIN: DE0006610314 WKN: 661031 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 275641 27.06.2014
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