HairGroup AG
ESSANELLE HAIR GROUP AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
ESSANELLE HAIR GROUP AG 05.03.2014 11:51 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication of Notification pursuant to Sec. 27a para. 2 WpHG in connection with Sec. 26 para 1 sentence 1 WpHG On 28 February 2014 HairGroup AG, Wolfsburg, Germany, has notified us of the pursued aims underlying the notified acquisition of the voting rights and the origin of the funds used for the acquisition pursuant to section 27a para. 1 WpHG as follows: 1. The acquisition of the voting rights of ESSANELLE HAIR GROUP AG has been made to implement strategic objectives. From a strategic point of view the implementation of a merger squeeze-out pursuant to Sec. 62 UmwG in connection with Sec. 327a ff. AktG for the purpose of the exclusion of the minority shareholders of ESSANELLE HAIR GROUP AG and a merger of ESSANELLE HAIR GROUP AG with HairGroup AG is planned as already pointed out in the request sent on 10 February 2014. 2. If the merger squeeze-out as announced in the request sent on 10 February 2014 is resolved by the shareholders' meeting of ESSANELLE HAIR GROUP AG, all assets and liabilities of ESSANELLE HAIR GROUP AG will be transferred to HairGroup AG after the execution of the squeeze-out and the merger. 3. At the moment, HairGroup AG does not aim at exerting an influence on the appointment and removal of members of the administrative-, managing- or supervisory body of ESSANELLE HAIR GROUP AG. 4. At the moment, HairGroup AG does not aim at achieving a material change in the capital structure of ESSANELLE HAIR GROUP AG, in particular in view of the ratio between equity- and debt financing and the dividend policy. 5. HairGroup AG only used own funds for the financing of the acquisition of the shares. 05.03.2014 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 Internet: www.essanelle.de End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found