DGAP-Adhoc: Loewe AG: Withdrawal from asset deal

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| Source: EQS Group AG
Loewe AG  / Key word(s): Miscellaneous

24.02.2014 19:11

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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Kronach, February 24, 2014. - The investor group Sepmeier, Kalmund and
Gesmar-Larsen, represented by Loewe Verwaltungs GmbH, together with New
Loewe GmbH and Loewe Manufaktur GmbH, have today informed Loewe Opta GmbH
and Loewe AG that they intend to withdraw from the recently signed purchase
contract for assets belonging to the companies in liquidation, Loewe Opta
GmbH and Loewe AG. Loewe intends to object to these actions and to call
upon the buyers to go ahead with the deal because it does not believe there
is any legal basis for them to withdraw from the contract. Loewe is
currently considering legal action.


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Information and Explaination of the Issuer to this News:

Contacts:
Loewe AG
Industriestrasse 11
96317 Kronach
Germany

Dr. Roland Raithel, Public Relations
Tel.:  +49 (0)9261 99217
Fax:   +49 (0)9261 99994
Email: roland.raithel@loewe.de

24.02.2014 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:      Loewe AG
              Industriestrasse 11
              96317 Kronach
              Germany
Phone:        +49 (0)9261 99-984
Fax:          +49 (0)9261 99-994
E-mail:       ir@loewe.de
Internet:     www.loewe.de
ISIN:         DE000A1X3W34
WKN:          A1X3W3
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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