DGAP-Adhoc: Pfleiderer AG: Pfleiderer signs standstill agreement with its banks

Pfleiderer AG  / Key word(s): Capital Reorganisation

21.12.2010 19:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Neumarkt, December 21, 2010 - SDAX-listed Pfleiderer AG (ISIN DE
0006764749) is receiving support from its lending banks with its
restructuring process. As a first step, the company has signed a standstill
agreement with its banks in this context, which is valid until March 31,
2011. All lending banks have agreed to this standstill. As part of this
standstill the banks have agreed to the suspension of the contractual
amortization until March 31, 2011. Furthermore, they have also agreed not
to exercise any right to terminate their credit lines due within this time
period. Until March, Pfleiderer will develop an overall concept to allow it
to undertake the required restructuring work and to have funds available to
make investments in key growth markets.

Pfleiderer has had to cope with a decline in revenue due to the worldwide
financial crisis and is suffering from excess capacity in its core business
in Western Europe and North America. The restructuring plan will include an
overall concept for the further development of the company's business
including a reorganization of its financing.

The Executive Board of Pfleiderer Aktiengesellschaft 

Contact:
Lothar Sindel
Vice President Investor Relations 
Tel.: +49 (0)9181 28 8044
Fax:  +49 (0)9181 28 606
E-mail: lothar.sindel@pfleiderer.com




21.12.2010 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:      Pfleiderer AG
              Ingolstädter Straße 51
              93218 Neumarkt
              Deutschland
Phone:        +49 (0)9181 28 - 8044
Fax:          +49 (0)9181 28 - 606
E-mail:       lothar.sindel@pfleiderer.com
Internet:     www.pfleiderer.com
ISIN:         DE0006764749
WKN:          676474
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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