DGAP-Adhoc: Balda AG: Balda AG’s administration relieves the Management of Balda C. Brewer, Inc. and Balda Precision, Inc. of their duties and responsibilities with immediate effect
Balda AG / Key word(s): Change of Personnel
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.
Balda AG’s Board of Directors and Supervisory Board decided today to
relieve the Management of Balda C. Brewer, Inc. and Balda Precision, Inc.,
Charles Brewer III (CEO) and Michael Brewer (COO), of their duties and
responsibilities with immediate effect. Balda C. Brewer, Inc. and Balda
Precision, Inc. are wholly owned indirect subsidiaries of Balda AG, which
contribute significantly to the sales revenue of the Balda Group. The
management of Balda C. Brewer, Inc. and Balda Precision, Inc. will now be
provided on an interim basis by existing managers from the Balda Group.
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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