Loewe AG  / Key word(s): Insolvency

01.10.2013 10:42

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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Kronach, October 1, 2013 - The protective proceedings for Loewe AG and Loewe Opta GmbH have transitioned seamlessly into a self-administration insolvency process (Insolvenzverfahren in Eigenverwaltung). The Coburg insolvency court today approved a request on this matter from Loewe's management and confirmed self-administration. The business will remain fully operational beyond October 1, 2013. The restructuring process initiated by the Executive Board will also continue as before, focusing entirely on concluding the meetings with investors.

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Information and Explaination of the Issuer to this News:
Contacts:

Loewe AG
Industriestrasse 11
96317 Kronach Germany
Axel Gentzsch, Investor Relations
Tel.: +49 (0)9261 99240
Fax:  +49 (0)9261 99994
Email: axel.gentzsch@loewe.de

01.10.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Loewe AG
              Industriestrasse 11
              96317 Kronach
              Germany
Phone:        +49 (0)9261 99-984
Fax:          +49 (0)9261 99-994
E-mail:       ir@loewe.de
Internet:     www.loewe.de
ISIN:         DE000A1X3W34
WKN:          A1X3W3
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

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