Francotyp-Postalia Holding AG / Key word(s): Restructure of
Company/Restructure of Company
24.08.2011 11:58
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc notification in accordance with Section 15 of the German Securities
Trading Act (WpHG)
24 August 2011
Francotyp-Postalia Holding AG
Triftweg 21 - 26
16547 Birkenwerder (Germany)
ISIN: DE000FPH9000
WKN: FPH900
Frankfurt Stock Exchange, Regulated Market (Prime Standard)
Francotyp-Postalia arbitration committee decides on volume of redundancy
scheme
Birkenwerder, 24 August 2011. In the negotiations in the arbitration
proceedings between the management and employee representatives of
Francotyp-Postalia GmbH and Francotyp-Postalia Vertrieb und Service GmbH,
the parties came to a decision on the volume of a redundancy scheme. Around
110 employees working in production at the Birkenwerder site will be
affected by the impending redundancies. The total volume of provisions will
come to around EUR 7.5 million. Of this amount, EUR 7.0 million is
earmarked for the redundancy scheme and EUR 0.5 million will be set aside
for other operating expenses.
In the fourth quarter of 2010 and the first quarter of 2011, provisions of
EUR 3.6 million were already made (EUR 2.1 million for redundancy scheme
and EUR 1.5 million for onerous contracts). The difference of EUR 5.4
million will additionally set aside in the second quarter of 2011.
Once these measures have been implemented, by the end of the first quarter
of 2012 at the latest, and the new production site in Wittenberge has been
completed, this expense will be offset by savings of around EUR 3 million a
year.
Contact:
Francotyp-Postalia Holding AG
Investor Relations
Triftweg 21 - 26
16547 Birkenwerder
Tel.: +49(0)170 928 54 85
Fax: +49(0)3303 53707 410
E-mail: s.prueser@francotyp.com
This notification does not constitute either a sale offer or a request to
buy securities of Francotyp-Postalia Holding AG. The shares offered as part
of the IPO have already been sold.
This notification must not be published, distributed or transmitted in any
other way in the United States of America. This notification does not
constitute an offer to purchase or sell securities of Francotyp-Postalia
Holding AG in the United States of America and does not aim to make
offerings of this type. The securities described in this notification are
not and will not be registered in accordance with the United States
Securities Act of 1933 in its currently prevailing version (the 'Securities
Act') and may only be offered for purchase or sale within the United States
of America without being previously registered if subject to an exemption
in accordance with the provisions of the Securities Act.
In the United Kingdom, this notification is only directed at persons and/or
is only intended for distribution to persons who (i) have sector experience
with investments in the context of Article 19 (5) of the UK Financial
Services and Markets Acts 2000 (Financial Promotion) Order 2005 (the
'Regulation') or (ii) who are covered by Article 49 (2) (a) to (d) of the
Regulation ('high net worth entities') (all such persons will hereinafter
be referred to as 'qualified persons'). The notification is only directed
at qualified persons. Non-qualified persons should not operate based on
this notification or its contents or rely upon them. Every investment or
investing activity to which this notification refers is available to
qualified persons only and is processed solely by qualified persons.
The information contained in this notification is not intended for
transmission to or within the United States of America.
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Information and Explaination of the Issuer to this News:
Securing the future of the FP Group
All of the FP Group's manufacturing activities will take place at the new
production site in Wittenberge in future. Mechanical component
manufacturing, and shipping activities will be assigned to external
companies.
In the course of the current financial year, the first prototypes for the
new Phoenix franking system will be assembled in Wittenberge. Series
production is set to begin in the first quarter of 2012. The mymail and
centormail franking machines will also be manufactured at the new
production site in Wittenberge.
'The realignment of production will enable us to create necessary
competitive conditions. This is a measure of key importance in securing the
long-term future of the entire Group', states Hans Szymanski, Chairman of
the Management Board of Francotyp-Postalia Holding AG.
Kontakt:
Francotyp-Postalia Holding AG
Investor Relations
Telefon: +49 (0)3303 525 777
Telefax: +49 (0)3303 53 70 77 77
E-Mail: ir@francotyp.com
24.08.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Francotyp-Postalia Holding AG
Triftweg 21-26
16547 Birkenwerder
Germany
Phone: +49 (0)3303 525 777
Fax: +49 (0)3303 53 70 77 77
E-mail: ir@francotyp.com
Internet: www.francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Francotyp-Postalia Holding AG: Francotyp-Postalia arbitration committee decides on volume of redundancy
| Source: EQS Group AG