Hess AG
Hess AG: Share capital used up
Hess AG / Key word(s): Insolvency/Miscellaneous 18.04.2013 / 15:45 --------------------------------------------------------------------- Hess AG: Share capital used up Villingen-Schwenningen, 18th April, 2013. As already reported, Hess AG is forced to correct and newly compile the annual financial statement for the 2011 financial year due to the results of the internal special investigation. For example, the annual surplus has to be revised downwards by 6 million EUR for the mentioned financial year. Adjustments have to be carried out also for the 2012 financial year resulting in a correction of the annual surplus of 9 million EUR. That implies reporting a loss of at least 15 million EUR for the 2012 financial year. These corrections are caused by inflated reported turnovers which were based on so called fictitious invoices. These considerably negative results of the two financial years lead to the fact that the share capital is used up. A corresponding extraordinary shareholder's meeting cannot be convened as the necessary funds for it are not available. Furthermore, the opening of the insolvency procedure of the company is imminent. Contact: Hess AG Marco Walz Investor Relations / Communications Lantwattenstraße 22 78050 Villingen-Schwenningen Phone: +49 (0) 7721 920-475 Fax : +49 (0) 7721 920-771475 Mail : marco.walz@hess.eu www.hess.eu End of Corporate News --------------------------------------------------------------------- 18.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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: Hess AG Lantwattenstraße 22 78050 Villingen-Schwenningen Germany Phone: +49 7721 920 0 Fax: +49 7721 920 250 E-mail: hess@hess.eu Internet: www.hess.eu ISIN: DE000A0N3EJ6 WKN: A0N3EJ Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 207617 18.04.2013
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden