Hansa Group AG / Key word(s): Restructure of Company 31.01.2014 18:54 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hansa Group AG achieves important milestone in the company's restructuring - Lenders reach agreement on comprehensive debt relief - Principal shareholders to make major contribution to company's recapitalization - Financial restructuring to be completed by the end of 2014 - Turnaround in current year, return to significantly positive earnings expected in 2015 HANSA GROUP AG announces that it has reached an agreement with all financing banks as well as key financing partners and Hansa Trust International AG's principal shareholders regarding a concept for a sustained financial restructuring of the company. The settlement reached with the lenders will reduce debt by more than half. Capital measures in the mid-double-digit million range designed to considerably strengthen the company's equity are also planned and will be borne to a significant degree by the principal shareholders. The implementation of the restructuring plan includes as a first step the signing of a framework agreement with all parties. As a second step shareholders will be invited to the Annual General Meeting in order to approve a part of the proposed capital measures. The Annual General Meeting will be held by June, as in previous years. The company plans to implement the financial restructuring by the end of the year. The company continues to believe that it will be able to achieve the turnaround at the operating level during the course of this year, and that it will generate significantly positive earnings in 2015. The earnings increase is related both to the financial restructuring as to the implementation of operational adjustments. The company had identified the relevant measures jointly with a management consulting firm back in September of last year. The measures are designed, above all, to increase operating efficiency and optimize management of the Group as a whole . Implementation of the operational adjustments is well on track. This will allow the company to realize cost advantages and strengthen the integration of subsidiaries into the Group. The company's medium-term goal remains to assume cost leadership in the care chemicals market and further raise its competitiveness in the Consumer Products business in order to further strengthen its position as a strategic partner for private-label customers . 31.01.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Hansa Group AG Fritz-Henkel-Str. 8 39307 Genthin Germany Phone: +49 (0)203-73804-109 Fax: +49 (0)203-73804-309 E-mail: silvia.kostova@hansagroup.de Internet: www.hansagroup.de ISIN: DE0007608606 WKN: 760860 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Hansa Group AG: Important milestone in the company's restructuring
| Source: EQS Group AG