DGAP-Adhoc: MLP AG: Regional Court of Frankfurt upholds legal position of MLP and dismisses counterclaims by former FERI-shareholders

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| Source: EQS Group AG
MLP AG  / Key word(s): Legal Matter

18.02.2014 18:14

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.

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Regional Court of Frankfurt upholds legal position of MLP and dismisses
counterclaims by former FERI-shareholders

As communicated in the ad-hoc announcement of 18th January 2012, at the
beginning of 2012 MLP AG filed for a negative declaratory judgement by the
Regional Court of Frankfurt am Main against some former FERI AG
shareholders.

In the course of the acquisition of the remaining FERI AG shares by MLP AG,
the respective former shareholders had demanded an increase in the purchase
price payable by MLP amounting to EUR 51.5 million. The aim of the legal
action by MLP was to obtain judicial confirmation that the claims asserted
by this group of former shareholders were unjustified.

During the course of the consequent legal dispute, the former shareholders
(defendants) filed a counterclaim in which they formally sought to assert
their purchase price claims. In today's ruling (File no.: 2-18 O 33/12) the
18th civil chamber of the Regional Court of Frankfurt dismissed these
counterclaims against MLP AG and ordered the claimant to pay the costs.

Today's ruling is in line with MLP's view that the claims asserted by the
former shareholders of FERI AG are devoid of any legal foundation.

The aforementioned judgement is not yet legally final and absolute. 


18.02.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      MLP AG
              Alte Heerstraße 40
              69168 Wiesloch
              Germany
Phone:        +49 (0)6222-308-1135
Fax:          +49 (0)6222-308-8351
E-mail:       investorrelations@mlp.de
Internet:     www.mlp-ag.de
ISIN:         DE0006569908
WKN:          656990
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
              München; Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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