GRAMMER Aktiengesellschaft
Grammer AG: Regional Court of Nuremberg-Fürth has lifted the enforcement of the interim injunction against Grammer AG
DGAP-News: Grammer AG / Key word(s): Miscellaneous Regional Court of Nuremberg-Fürth has lifted the enforcement of the interim injunction against Grammer AG – The German Federal Cartel Office has also confirmed that the acquisition of Grammer shares by an associated company of Ningbo Jifeng is not subject to approval – All obstacles to the issue of shares to the strategic partner have now been cleared Amberg, April 25, 2017 – In a ruling issued today, the Regional Court of Nuremberg-Fürth has lifted the enforcement of the interim injunction that had been obtained by Prevent DEV GmbH against Grammer AG. Under this interim injunction, Grammer AG had been prohibited from granting shares under the mandatory convertible bond that had been issued on February 14, 2017. In addition, the German Federal Cartel Office confirmed today that acquisition of Grammer shares by JAP Capital Holding GmbH, an associated company of Ningbo Jifeng, is not subject to approval as the relevant revenue thresholds have not reached. This means that there are now no longer any obstacles to the issue of new shares to the strategic partner upon the conversion rights being exercised. Contact: GRAMMER AG Ralf Hoppe Phone: 0049 9621 66 2200 investor-relations@grammer.com
25.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Grammer AG |
Georg-Grammer-Str. 2 | |
92224 Amberg | |
Germany | |
Phone: | +49 (0)9621 66-0 |
Fax: | +49 (0)9621 66-1000 |
E-mail: | investor-relations@grammer.com |
Internet: | www.grammer.com |
ISIN: | DE0005895403, DE0005895403 |
WKN: | 589540, 589540 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |