EANS-Adhoc: LPKF acquires minority stakes in two subsidiaries
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Group restructuring
10.06.2011
Garbsen, 10 June 2011 - LPKF Laser & Electronics AG today closed con-tracts of sale on the acquisition of external stakes in two subsidiaries. Completion of the contracts of sale will give LPKF AG a 100% shareholding in LPKF Motion & Control GmbH in Suhl and a 100% shareholding in LPKF Distribution Inc. in Portland (USA).
These measures continue LPKF´s strategy of becoming the sole shareholder in the main Group companies. Early in 2011, the company already acquired the external shares in its Chinese subsidiary. Following the acquisition of the shares in LPKF Motion & Control GmbH, LPKF will push ahead further with the expansion of its solar business activities.
An immediately payable purchase price tranche of EUR 3.3 million was agreed for the acquisition of the 49.1% shareholding in LPKF Motion & Control GmbH. The payment of two more purchase price tranches with similar volumes has also been agreed dependent on achieving contractually defined performance targets by 2014. Approx. 10% of the additional purchase price tranches will be paid in the form of new shares in LPKF Laser & Electronics AG.
The acquisition of the external 15% shares in LPKF Distribution Inc. in Portland (USA) was paid in the form of 50,000 new shares in LPKF Laser & Electronics AG. For this purpose, the management board acted with the approval of the supervisory board to raise the capital by EUR 50,000 with the exclusion of subscription rights as empowered by the resolution adopted by the Annual General Meeting on 10 June 2010 (authorized capital).
The shares in LPKF Laser & Electronics AG are traded on the Prime Stan-dard of the Frankfurt stock exchange (ISIN 0006450000).
end of announcement euro adhoc --------------------------------------------------------------------------------
issuer: LPKF Laser & Electronics AG
Osteriede 7
D-30827 Garbsen
phone: +49(0)5131 7095 382
FAX: +49(0)5131 7095 90
mail: investorrelations@lpkf.de
WWW: http://www.lpkf.de
sector: Semiconductors & active components
ISIN: DE0006450000
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: EnglishFurther inquiry note:
Helga Renners
Vorstandsassistenin
Tel.: +49 (0) 5131 7095 1381
E-Mail: helga.renners@lpkf.com
Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original-Content von: LPKF Laser & Electronics AG, übermittelt durch news aktuell