Balda AG / Key word(s): Banking Syndicate/Miscellaneous
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.
– Loan commitment until year-end 2009
– Signing of agreement planned for next week
Bad Oeynhausen, November 28, 2008 – Balda AG, listed in the Prime Standard
segment of the Frankfurt Stock Exchange, has agreed with its banks on a new
financing structure to last until year-end 2009. After a repayment of 7.5
million euros as of November 28, the credit lines now extended until
year-end 2009 amount to 76.5 million euros. With respect to terms and
collateral agreement has been achieved. The signing of the agreements is
planned for next week.
As already reported on September 30, Balda is in no need of fresh money
from its banks due to the inflow of funds after the partly sale of its
stake in the touch screen producer TPK, Xiamen, China. With this agreement
Balda is now in the position to forcefully press ahead with its new
strategic positioning. This consists in focussing on the infocom business
in Asia by producing plastic and electronic products for communications and
media entertainment hardware while keeping a substantial stake in TPK.
Information and Explaination of the Issuer to this News:
* * *
Company profile Balda AG
The Balda Group develops and produces highly integrated devices comprising
plastic and electronic components, primarily for the telecommunications
sector. In addition, the company manufactures high-tech components such as
headphones and hands-free sets.
The future is derived from past experience. Balda has developed an active
culture of continuous transformation through the traditions established
within the hundred years of its existence. Since its founding, innovation
and technology have been the significant driving forces of progress and the
guarantors of corporate success. Today, Balda is an internationally
positioned high-tech company with innovative products and a high
Balda AG, which is registered in the Prime Standard on the German Stock
Exchange, services international brand-name clients in the mobile
telecommunications sector, medical technology and other similar markets.
The Group produces close to its customers’ locations in the expanding
growth markets. With four production facilities, the Group has a strong
position in China and Malaysia. Plants in Brazil and India, as well as the
facility in Germany for Balda Medical, underline the Group’s international
focus. Within the framework of a shareholding in a leading producer of
touch screens in China, Balda is participating in the dynamic development
in the touch-sensitive display sector.
The vision was and is clear: Balda will strengthen its technological
innovations potential and further expand in the promising growth regions of
Asia. Balda will thus achieve the conditions for profitable growth and a
sustainable increase in added value.
* * *
This ad-hoc-announcement includes ‘forward-looking statements’ which are
based on the current expectations of the management of Balda. They are
subject to risks and uncertainty because they relate to events and depend
on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This ad-hoc-announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities
If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 69 710456450. Email: email@example.com, Internet:
28.11.2008 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service