Enterprise Holdings Limited
Enterprise Holdings further improves workflow efficiency Additional cost savings due to new FNOL call centre
DGAP-News: Enterprise Holdings Limited / Key word(s): Strategic Company Decision/Market launch 2015-09-10 / 11:30 --------------------------------------------------------------------- Enterprise Holdings further improves workflow efficiency Additional cost savings due to new FNOL call centre Holdings Limited, a European wide insurance group, mainly focused on niche car insurance, set up a call centre to take first notification of loss/claims (FNOL) from policyholders and then to manage policy holder own damage claims. The FNOL call centre is a new unit within Claims Consulting Solutions Limited (CCSL), that was set up in Manchester in 2014 and as of today employs over 140 specialists, mostly claims handlers. Andrew Flowers, CEO and founder of Enterprise Holdings: "During the last months we see massive cost saving effects coming from CCSL, the group company which brings all entire UK claims handling under one roof. The average saving per case is approximately 2,000 British Pounds, which at ca. 500 cases per month results in savings of ca. one million British Pounds or 1.4 million Euros - per month. With the newly established FNOL unit we now can closely control the claims handling strategy and performance which will result in additional considerable cost savings and provide policyholders and business partners will a seamless and efficient claims handling process." CCSL will be fully consolidated from Enterprise Holdings Limited effective 1 April 2015 and therefore in the current fiscal year will contribute to the Holding's operational results. Financial Report for Fiscal year 2014/15 The consolidated Group annual statements for the fiscal year as of 31 March 2015 are currently audited. Disclosure is scheduled for end of September 2015. End of corporate news Enterprise Holdings Ltd. Group - an owner-lead insurance firm Lead by its founder the company holds several other subsidiaries together with affiliated service companies. The Group offers independent white label general insurance solutions, apart from life insurance products. The affiliated companies deliver insurance specific auditing services as well as administrative and marketing services. The Group focuses its activities on high-yield niches within the European general insurance market. The main category of the offered insurances is in the field of automobile damage and third party insurance, legal costs insurance, household contents insurance and guarantees. Main markets are currently the United Kingdom, France, Greece and Italy. Bond issue 2015/20 Since 30 March 2015 the Enterprise Holdings' corporate bond 2015/20 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1ZWPT5). In March 2015 the bond received an BBB+ rating from Creditreform Rating AG. The issued volume of the bond 2015/20 is approx. 20m euro. Bond issue 2012/17 Enterprise Holdings' corporate bond 2012/17 since 26 September 2012 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4). The follow-up rating from Creditreform Rating AG in 2015, 2014, as well as in 2013, confirmed the A- rating that has been achieved in August 2012 when Enterprise Holdings issued a 35m euro bond. During the exchange offer that ended 26 March 2015, holders of the bond exchanged 6.3m euro into the new bond 2015/20. Therefore the total volume of the bond 2012/17 now is 28.7m euro. For more information about the bonds please visit our website, especially the sections "Bond 2015/20" and "Bond 2012/17" at www.enterprise-holdings.de Bond Investor Relations / Press Please direct all your requests to: max. Equity Marketing GmbH Maximilian Fischer Marienplatz 2 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@enterprise-holdings.de IMPORTANT NOTE - Disclaimer Prospective investors of the Securities should recognise that the Securities constitute a risk investment, which can lead to a total loss of their investment in the Securities. Potential investors must therefore be prepared and able to sustain a partial or even a total loss of the invested capital. Any investors interested in purchasing the Securities should assess their financial situation, to ensure that they are in a position to bear the risks of loss connected with the Securities. Therefore, please contact your credit and securities institutions. The admissibility of the acquisition of a security may at various conditions, especially your nationality be bound. Please inform yourself before an investment. This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of Enterprise Holdings Limited ("issuer"). A decision on an investment in the securities of the issuer may only be made on the basis of the securities prospectus ("prospectus") which is approved by the Federal Financial Supervisory Authority (BaFin) and is published on the website www.enterprise-holdings.de. Only the information contained in the prospectus is binding in connection with the offer. This information may not be disseminated outside of Germany and Austria, in particular not in the United States, to US Persons according to regulation S of the US Securities Act of 1933 or to publications with a general circulation in the United States. Any person who fails to comply with these restrictions may violate the security laws of certain jurisdictions, in particular of the United States. Bonds in Enterprise Holdings Limited are not publicly offered outside of Germany and Austria. The Notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the Notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. The securities mentioned in this press release are not being and will not be offered for sale to the public in the United States, Australia, Canada and Japan. --------------------------------------------------------------------- 2015-09-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 393543 2015-09-10
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