Wolford AG — M&A Activity 2017

Jun 9, 2017

Publication Date: 09.06.2017 20:10 EANS-Adhoc: Wolford Aktiengesellschaft / Main shareholder group intends to sell its stake, company intends equity financing

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Bregenz - The main shareholder group of Wolford AG, WMP Familien-Privatstiftung, Sesam

Privatstiftung and its subsidiary the "M. Erthal & Co." Beteiligungsgesellschaft m.b.H., as well as related parties announced today the intention to sell their stake, which is a majority stake, in Wolford AG. To this end, the shareholders are starting a process, which is supported by Deloitte Financial Advisory GmbH, for the selection of interested parties. Wolford AG will join this selection process. The purchase of the majority stake by a future core shareholder shall be combined with an equity financing transaction that shall strengthen the company's liquidity on a long-term basis. The issue size has not yet been determined. Wolford is negotiating with the financing banks in order to secure the financing to meet the liquidity requirements up to that time.

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