GAGFAH S.A. / Key word(s): Change of Personnel 06.03.2014 18:41 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. --------------------------------------------------------------------------- GAGFAH S.A. 2-4, rue Beck L-1222 Luxembourg ISIN: LU0269583422/WKN: A0LBDT Frankfurt Stock Exchange, Regulated Market (Prime Standard) Change of the Chairman of the Board of Directors of GAGFAH S.A. - Mr. Jonathan Ashley intends to resign from his office as Chairman of the Board of Directors of GAGFAH S.A. on March 25, 2014 - New Chairman of the Board of Directors is expected to be Mr. Gerhard Zeiler. Luxembourg, March 6, 2014. Mr. Jonathan Ashley, Chairman of the Board of Directors of GAGFAH S.A., Luxembourg, intends to resign from his office as Chairman and member of the Board of Directors on March 25, 2014. Successor in the position as Chairman of the Board of Directors is envisaged to be Mr. Gerhard Zeiler. Mr. Zeiler is an Austrian media manager and currently President of Turner Broadcasting System International, a Time Warner Company with seat in London. Within the past few months, several important strategic decisions have been taken and already implemented to sharpen the focus of GAGFAH GROUP's strategy back to the operating business and a repositioning of the company. Furthermore, Fortress Investment Group reduced their stake in GAGFAH S.A. from more than 60% down to about 41% of GAGFAH S.A.'s voting rights in the second half of 2013. In light of these developments, the Board of Directors feels that now is the right time to make the change in order to create new impetus at the very top of the GAGFAH GROUP. The resignation of Mr. Ashley as Chairman and member of the Board of Directors and the appointment of Mr. Zeiler as a new member of the Board and the election as Chairman of the Board of Directors are subject to the implementation of the necessary legal formalities. The Company expects these formalities to be completed shortly. 06.03.2014 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: GAGFAH S.A. 2-4, rue Beck 1222 Luxemburg Grand Duchy of Luxembourg Phone: + 352 266 366 1 Fax: + 352 266 366 01 E-mail: info@gagfah.com Internet: www.gagfah.com ISIN: LU0269583422, LU0269583422 WKN: A0LBDT Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: GAGFAH S.A.: Change of the Chairman of the Board of Directors of GAGFAH S.A.
| Source: EQS Group AG