A.S. Creation Tapeten AG

Legal Proceedings Report • Apr 14, 2016

News Details

Ad-hoc | 14 April 2016 18:03

A.S. Création Tapeten AG: Court of appeal decides amount of penalty in French antitrust proceedings

A.S. Création Tapeten AG / Key word(s): Legal Matter

14.04.2016 18:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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In December 2014, the French Competition Authority ("Autorité de la
concurrence") issued a penalty notice against SCE - Société de conception
et d'édition SAS ("SCE") and MCF Investissement SAS ("MCF"), two French
member companies of the A.S. Création Group, and imposed penalties
totalling EUR 5.0 million. An appeal was filed against the penalty notice
in February 2015.

The court of appeal ("Cour d'appel") in Paris today announced the verdict
in the appeal proceedings and reduced the penalties to be paid by SCE and
MCF to a total amount of EUR 2.1 million. An appeal against the verdict of
the court of appeal may be filed with the French supreme court ("Cour de
cassation") within one month. Should the verdict become final, A.S.
Création will post earnings and cash inflow of EUR 2.9 million in the 2016
consolidated financial statements, as the penalty of EUR 5 million
originally imposed by the French Competition Authority was fully recognised
as an expense in the 2014 consolidated financial statements and had to be
paid in full in 2015 under French law in spite of the appeal.

In June 2015, A.S. Création and the former owners of SCE and MCF agreed
that the latter would contribute EUR 2.1 million to the penalty imposed by
the French antitrust authorities. This amount is independent of the verdict
now announced and was transferred to A.S. Création in June 2015. This means
that the penalty of EUR 2.1 million now imposed by the court of appeal is
borne by the former owners of SCE and MCF.

Gummersbach, April 14, 2016

A.S. Création Tapeten AG

The Managing Board

Inquiries:
Maik Krämer, Director of Finance and Controlling
Phone: +49-2261-542 387
Fax: +49-2261-542 304
E-mail: m.kraemer@as-creation.de

14.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: A.S. Création Tapeten AG
Südstraße 47
51645 Gummersbach
Germany
Phone: +49 22 61 54 2-0
Fax: +49 22 61 54 2-3 04
E-mail: investor@as-creation.de
Internet: http://www.as-creation.de
ISIN: DE000A1TNNN5
WKN: A1TNNN
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

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