Hansa Group AG / Key word(s): Agreement/Capital Reorganisation
08.07.2014 16:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Agreement to reduce the financial liabilities of Hansa Group AG unexpectedly and surprisingly not fully implemented - other restructuring options are being openly looked into - change to the Management Board
Duisburg/Genthin, July 7, 2014 - The Management Board of Hansa Group AG (ISIN DE0007608606, WKN 760860) learned today that the agreement to reduce the financial liabilities of Hansa Group AG cannot be fully implemented as planned. This development is both unexpected and surprising.
The Management Board of Hansa Group is currently openly looking into other restructuring options.

The Supervisory Board of Hansa Group AG has appointed Bernd Depping, an experienced restructuring expert, to the Management Board as Chief Restructuring Officer (CRO) to assist in this process. In addition, Thomas Pfisterer and Dominik Müser were recalled from the Management Board with immediate effect to avoid structures and responsibilities from being duplicated.

As the intensive negotiations on the restructuring of Hansa Group AG's balance sheet continued until today, efforts to prepare the annual accounts 2013 and the subsequent interim financial statements have been greatly delayed.


08.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Hansa Group AG
              Fritz-Henkel-Str. 8
              39307 Genthin
              Germany
Phone:        +49 (0)203-73804-109
Fax:          +49 (0)203-73804-309
E-mail:       silvia.kostova@hansagroup.de
Internet:     www.hansagroup.de
ISIN:         DE0007608606
WKN:          760860
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

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