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UET United Electronic Technology AG
Regulatory Filings • Jul 5, 2019
5478_rns_2019-07-05_047084de-ab2f-469b-966b-42cee4c0646e.html
Regulatory Filings
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Corporate | 5 July 2019 12:49
UET United Electronic Technology AG: decided simplification of the group structure
DGAP-News: UET United Electronic Technology AG / Key word(s): Miscellaneous/Miscellaneous
05.07.2019 / 12:49
The issuer is solely responsible for the content of this announcement.
- Merger of non-operating SPV’s
- Reduction of Complexity and Costs
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces that it has decided to simplify its corporate structure and to reduce the number of legal entities by six companies through a merger within the group. The companies are special purpose vehicles incorporated for the acquisition of companies in the years 2007 to 2008. After waiting for appropriate holding time all potential claims and risks are excluded.
Since the special purpose entities are already fully owned by the UET Group, there is no change in the capital structure and thus no change in the shareholder structure.
This is a further step to fulfill the goal of reducing the complexity in the group and thus reducing the costs and expenses.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Sebastian Schubert
Investor Relations
Tel: + 49 (0) 6196 777755-0
E-Mail: [email protected]
05.07.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | UET United Electronic Technology AG |
| Frankfurter Straße 80-82 | |
| 65760 Eschborn | |
| Germany | |
| Phone: | +49 (0)6196-7777550 |
| Fax: | +49 (0)6196-7777559 |
| E-mail: | [email protected] |
| Internet: | www.uet-group.com |
| ISIN: | DE000A0LBKW6 |
| WKN: | A0LBKW |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart |
| EQS News ID: | 837005 |
| End of News | DGAP News Service |