EANS-Adhoc: C-QUADRAT Investment AG
Amendment of a previously released ad-hoc
announcement
C-QUADRAT remains licensed as a management company
18.04.2013 – 11:56
-------------------------------------------------------------------------------- update to an ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Strategic management decisions 18.04.2013 In an ad-hoc statement made on January 23, 2013 via euro adhoc, C-QUADRAT Investment AG (ISIN AT0000613005) announced its intention to reorganize the company's structure and in this regard the plan to transfer the funds of C-QUADRAT Kapitalanlage AG to one or more external master management companies and subsequently to relinquish its own license as a management company. The Board of C-QUADRAT Investment AG and C-QUADRAT Kapitalanlage AG remains committed to the strategy of focusing on its core business "asset management" and the aim of optimizing the group structure and the existing business processes, but came after another, due consideration, to the conclusion that the objectives pursued and planned cost savings can be achieved without relinquishment of its own license as a management company. For this reason, the proposed change in the corporate structure is not implemented. The possibility of outsourcing business segments as well as administrative tasks is not affected by this decision and is further evaluated. original announcement: -------------------------------------------------------------------------------- EANS-Adhoc: C-QUADRAT Investment AG / C-QUADRAT plans reorganization of its corporate structure Strategic management decisions 23.01.2013 The management board of C-QUADRAT Investment AG and C-QUADRAT Kapitalanlage AG intend to reorganize the company's structure. In view of the increasing focus on individual core competences and tighter regulatory requirements, the management board has judged that, in the medium to long term, it will no longer be economically worthwhile to operate an own management company. For this reason, subject to the approval of the Austrian Financial Market Authority, the custodian bank and the supervisory board it is planned to transfer the funds of C-QUADRAT Kapitalanlage AG to one or more external master management companies and subsequently to relinquish its own license as a management company. As an asset manager C-QUADRAT will thus focus in future on selecting and monitoring sub-delegated, intragroup and external asset managers. This new corporate structure will enable a reduced cost basis and entail significantly lower administrative costs. Implementation of this reorganization is planned during 2013. This measure is intended to strengthen C-QUADRAT's independence as an asset manager, its medium- and long-term competitive position and the company's growth. Further inquiry note: Roland Starha Member of the Board C-QUADRAT Investment AG Stubenring 2 A-1010 Vienna Tel.: +43 1 515 66 317 Mail: ir@c-quadrat.com www.c-quadrat.com end of original announcement euro adhoc -------------------------------------------------------------------------------- sector publicity of original announcement: 2013-01-23 14:37:38 - Bloomberg- sent 2013-01-23 14:37:38 - Bloomberg- sent Further inquiry note: Andreas Wimmer Stubenring 2 A-1010 Vienna Tel.: +43 1 515 66 316 Mail: a.wimmer@investmentfonds.at www.c-quadrat.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: C-QUADRAT Investment AG Stubenring 2 A-1010 Wien phone: +43 1 515 66-0 FAX: +43 1 515 66-159 mail: c-quadrat@investmentfonds.at WWW: www.c-quadrat.at sector: Financial & Business Services ISIN: AT0000613005 indexes: Standard Market Auction stockmarkets: official market: Frankfurt, Wien language: English
Original-Content von: C-QUADRAT Investment AG, übermittelt durch news aktuell