DGAP-News: Balda AG: Balda AG repays 6.5 million euros of current liabilities


Balda AG / Key word(s): Banking Syndicate

26.05.2009 10:38


Further repayment of 4.5 million euros planned on short notice

Bad Oeynhausen, 26 May 2009 – Balda AG, listed in the Prime Standard of the

Frankfurt Stock Exchange, in the month of May repaid liabilities amounting

to in sum 6.5 million euros. Of these, 2.5 million euros went to a bond

creditor outside the group of consortium banks. An additional 4.0 million

euros were paid back to the consortium banks. Balda CEO Dr. Dirk

Eichelberger considers these repayments a confirmation of Balda’s now

ongoing stabilization, including the financial situation.

Balda AG was obliged to repay a liability of 5.0 million euros to a

creditor outside of the consortium banks, as outlined in the first

quarterly report 2009. For reasons of equality of treatment the consortium

banks of the Group had to agree to the payment of the previously named sum.

The partial repayment of 2.5 million euros to the bond creditor and the 4.0

million euros to the banks was undertaken in agreement with the consortium

banks. Balda is going to repay a further 8.5 million euros in 2009. Of

these, a partial amount of 4.5 million euros will be repaid on short

notice. Repayments since early May will by then have amounted to a total of

11 million euros.

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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 equipment 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

performance capacity.

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 three production facilities, the Group has a strong

position in China and Malaysia. 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.

* * *

If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49

5734 922 2728, Fax: +49 5734 922 2604. Email: croehl@balda.de, Internet:


* * *

This corporate news 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 corporate news 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 Act.

26.05.2009 Dissemination of a Corporate News, transmitted by DGAP –

a company of EquityStory AG.

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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