Business News

schlott gruppe places treasury shares with existing investors

Monday 06. July 2009 - Principal shareholders and Management Board reaffirm their commitment to the company

Effective from end of June, 2009, schlott gruppe AG has placed 120,000 of its treasury shares with the two shareholders Just-US GmbH and S.K. Management- und Beteiligungs GmbH, both of whom have acquired fifty per cent each of this total package. Additionally, CEO Bernd Rose has acquired the remaining 23,771 treasury shares held by the company. The sale price was €5.70 per share. The sale is to be seen within the context of the restructuring concept recently announced by the company, which also addresses the issue of group financing.
“We are currently implementing an extensive restructuring programme within the group and are in the process of adjusting our production capacity in line with prevailing market conditions. In pursuing this plan schlott gruppe will be appropriately positioned for future success. I would like to reinforce this by my personal financial involvement,” said Bernd Rose. “I would also like to emphasize the substantive support given by our existing group of investors, who have yet again underlined their long-term commitment to schlott gruppe.”