KAP AG

Regulatory Filings • Mar 6, 2023

News Details

Ad-hoc | 6 March 2023 17:33

KAP AG SELLS INVESTMENTS FROM THE FLEXIBLE FILMS SEGMENT

KAP AG / Key word(s): Strategic Company Decision/Disposal

KAP AG SELLS INVESTMENTS FROM THE FLEXIBLE FILMS SEGMENT

06-March-2023 / 17:33 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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KAP AG SELLS INVESTMENTS FROM THE FLEXIBLE FILMS SEGMENT

Fulda, 06 March 2022 – KAP AG announces that the company and its subsidiary Mehler AG have today entered into an agreement to sell a subsection of the flexible films segment to Kingspan Holding GmbH, a company of Kingspan Group Plc., Ireland. The operating companies to be divested are CaPlast Kunststoffverarbeitungs GmbH with its investee AerO Coated Fabrics B.V. and Now Contec GmbH & Co. KG.

The net sale proceeds are in the upper double-digit million euro range. The divestment will result in significant book gains for the KAP Group. Closing of the transaction is subject to the approvals by the relevant regulatory authorities. The transaction is expected to be closed in the second quarter of 2023.

The Management Board

Notifying officer and investor relations contact

Kai Knitter

Head of Investor Relations & Corporate Communications

investorrelations@kap.de

+49 (0) 661 103 327

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06-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	KAP AG
	Edelzeller Straße 44
	36043 Fulda
	Germany
Phone:	06611030
Fax:	0661103830
E-mail:	office@kap.de
Internet:	www.kap.de
ISIN:	DE0006208408
WKN:	620840
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1574953

End of Announcement	EQS News Service