A.S. Creation Tapeten AG

Legal Proceedings Report • Jun 4, 2015

News Details

Ad-hoc | 4 June 2015 16:18

A.S. Création Tapeten AG: Agreement reached with former owners of SCE and MCF on their financial contribution towards the penalty incurred under the French antitrust proceedings

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

04.06.2015 16:18

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In December 2014 the French antitrust authority ("Autorité de la
concurrence") issued a penalty notice against the French companies Société
de conception et d'édition SAS ("SCE") and MCF Investissement SAS ("MCF"),
two members of the A.S. Création Group. The penalties issued against SCE
and MCF Investissement SAS amount to a total of EUR 5.0 million. An appeal
has meanwhile been filed against the penalty notice. An appeal against a
penalty notice does, however, not have a suspensive effect under French
law, meaning that the penalties will have to be paid by June 15, 2015.

The French antitrust authorities allege that the companies have engaged in
an information exchange which violated antitrust law in the years from 2006
and 2010. A.S. Création acquired majority shareholdings in the two
companies only in December 2008. Consequently the former owners of SCE and
MCF share in the liability for the penalty. Today an agreement was signed
with the former owners under which they will contribute EUR 2.1 million
towards the penalty and the legal costs and fees. This amount will shortly
be transferred to A.S. Création (France) SAS, the parent company of SCE and
MCF, and will be independent from the eventual outcome of the pending
appeal against the penalty notice.

Gummersbach, June 4, 2015

A.S. Création Tapeten AG

The Managing Board

Inquiries:
Maik Krämer, Director of Finance and Controlling
Südstr. 47
D-51645 Gummersbach
Phone: +49-2261-542 387
Fax: +49-2261-542 304
E-mail: m.kraemer@as-creation.de

04.06.2015 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

End of Announcement DGAP News-Service

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