DGAP-News: Conversion of Rickmers Holding to a stock corporation resolved


Rickmers Holding GmbH & Cie. KG  / Key word(s): Miscellaneous

29.05.2015 15:01

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this
announcement. 

---------------------------------------------------------------------------

Not for release, publication or distribution in, or into, the United
States, Australia, Canada or Japan.

29 May 2015

Ad hoc announcement pursuant to § 8 of the  
General Terms and Conditions of 
Deutsche Börse AG for the Prime Standard for Corporate Bonds

Conversion of Rickmers Holding to a stock corporation resolved

Hamburg, 29 May 2015 - Rickmers Holding GmbH & Cie. KG, parent of the
shipping company Rickmers Group, is to become a stock corporation. The move
was resolved today by the Shareholders' Meeting. The entry in the
Commercial Register of the new corporate form is expected to take place by
the end of June 2015. Following this entry, the company will henceforth do
business as Rickmers Holding AG.

In its first meeting, the Supervisory Board elected Mr Bertram R.C.
Rickmers as Chairman of the Supervisory Board and Mr Jost Hellmann as
Deputy Chairman. The Supervisory Board appointed Dr Ignace Van Meenen and
Prof. Dr Mark-Ken Erdmann as Members of the Rickmers Holding AG Executive
Board.

The conversion of Rickmers Holding into a stock corporation has no effect
whatsoever on the corporate bond issued by Rickmers Holding GmbH & Cie. KG,
as the issuer itself remains unchanged even though it has adopted a new
form of incorporation.


---------------------------------------------------------------------------

Information and Explaination of the Issuer to this News:

'With the announcement of the decision taken today we are very well
positioned to take advantage of current and future growth opportunities
arising from the consolidation of the shipping sector. Our initial focus is
on the further expansion of our portfolio of energy-efficient container
ships, which our customers are increasingly demanding', explains Dr Ignace
Van Meenen, Rickmers Group CEO.

'The conversion of Rickmers Holding to a stock corporation represents a
further milestone in the history of our company, and is closely linked to
the plans already announced to strengthen the Rickmers Group's own equity
and internal financing capacity. It also provides us with options to
implement these measures at Group level', adds Prof. Dr Mark-Ken Erdmann,
Rickmers Group CFO.


About Rickmers Group
With its Head Offices in Hamburg and Singapore, the Rickmers Group is an
international service provider for the shipping industry. Its international
structure comprises around 20 offices in eleven countries and more than 50
agents worldwide. The Rickmers Group's business activities are grouped into
three segments: Maritime Assets, Maritime Services and the Rickmers-Linie.

In the Maritime Assets segment the Rickmers Group is active as Asset
Manager for its own vessels and also for those of third parties. Rickmers
initiates and coordinates shipping projects, organises financing and
acquires, charters and sells ships. In the Maritime Services business
segment the Rickmers Group provides ship management services for the
Rickmers Group's own vessels as well as for those owned by third parties;
these services comprise technical and operational management, crewing,
newbuild supervision, consultancy and insurance-related services. In the
Rickmers-Linie business segment the Rickmers Group operates as a shipping
line for breakbulk, heavy lift and project cargo, and additionally offers
individual voyages.

Press enquiries:

Kirchhoff Consult AG
Sebastian Bucher
T: +49 (0)40 60 91 86 18
F: +49 (0)40 60 91 86 60
E: sebastian.bucher@kirchhoff.de


The material set forth in this announcement is for informational purposes
only and does not constitute an offer of securities for sale in the United
States.  The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the
Securities Act), or with any securities regulatory authority of any state
or other jurisdiction of the United States, and may not be offered or sold
within the United States except pursuant to an exemption from the
registration requirements of the Securities Act and any applicable
securities laws of any state or other jurisdiction of the United States. 
No public offering of securities will be made in the United States.

The material set forth in this announcement does not constitute an offer of
securities for sale in any jurisdiction in which such an offer or
solicitation is unlawful.  No public offering of securities will be made in
any member state of the European Economic Area.

29.05.2015 The DGAP 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:      Rickmers Holding GmbH & Cie. KG
              Neumühlen 19
              22763 Hamburg
              Germany
Phone:        +49 40 389177 0
Fax:          +49 40 389177 500
E-mail:       info@rickmers.com
Internet:     www.rickmers.com
ISIN:         DE000A1TNA39
WKN:          A1TNA3  
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
              Hanover, Stuttgart; Open Market in Frankfurt (Prime Standard
              for Corporate Bonds)
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------