DGAP-Adhoc: Balda AG: Balda AG is claiming damages against former Board Members


Balda AG / Key word(s): Miscellaneous

22.12.2014 14:49

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted

by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.


Today, Balda AG’s Supervisory Board agreed with regard to the actuarial

reporting obligation and foreclosure periods terminating as of December 31,

2014, to claim damages on behalf of the company against the former

Supervisory Board Members Dr. Michael Naschke, Yu-Sheng Kai and Chun-Chen

Chen. The Supervisory Board also resolved to include the former sole member

of the Board of Directors, Rainer Mohr, in its claim for damages.

The former Board members are accused of breach of duty in relation to the

intended sale of shares of TPK Holding Co. in July 2011, in that the TPK

shares could only be sold at a later point in time, when their price was

significantly lower. According to current evaluations, the potential

damages amount to a figure in the two-digit million range.


Kathrin Wiederrich

Michael Pfister

Tel: +49 (0) 5734 922-2555


About Balda

Balda (ISIN: DE0005215107) is a provider of first-class solutions in

plastics for demanding, high-quality applications in the fields of

healthcare, lifestyle, automotive and consumer electronics industries.

Balda has operating divisions in Europe and America and maintains

state-of-the-art production facilities at its headquarter in Bad

Oeynhausen, Germany as well as in the USA. The success of Balda, which

employs around 780 people, is based on the deployment of leading-edge,

cost-effective technologies, coupled with the trust-based and close

collaboration with customers.


22.12.2014 The DGAP Distribution Services include Regulatory Announcements,

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Language: English

Company: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Phone: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service