DGAP-News: Balda AG announces: Statements in Handelsblatt article on October 13, 2008 grossly misleading
14.10.2008
Balda AG / Key word(s): Miscellaneous
14.10.2008 12:33
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Bad Oeynhausen, October 14, 2008 – On October 13, the Handelsblatt
published an article: ‘Big shareholder warns of insolvency’
Balda AG declares: There is currently no insolvency risk for Balda.
Moreover, the statements made in the article pertaining to the sale of 12
per cent of its TPK stake are grossly misleading.
The transaction was carried out in close agreement between the Board of
Management, the Supervisory Board, legal advisers and with a positive
support of the banks financing Balda. In the current situation of the
financial markets it represents the best solution for the company and all
shareholders.
The Board of Management
* * *
Company profile Balda AG
The internationally operating Balda Group develops and produces highly
integrated devices comprising plastic, metal and electronic components as
well as touch sensors. Among the customers of the Prime Standard listed
company are international brand-names from the mobile telephony industry,
medical technology and various related markets.
The integration of plastic and touch screen technologies creates completely
new customer benefits. Only Balda currently offers both technologies from
one source on a global scale. The group has a strong position in the
important growth markets China and India and owns four production
facilities in the region. Plants in Brazil and in Malaysia, as well as the
facility in Germany for Balda Medical, underline the global competitiveness
of the group of companies.
* * *
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.
If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 69 710456450. Email: croehl@balda.de, Internet:
www.balda.de
14.10.2008 Dissemination of a Corporate News, transmitted by DGAP –
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
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
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