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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Loewe AG: Withdrawal from asset deal
| Source: EQS Group AG