GERRY WEBER INTERNATIONAL AG

  • WKN: 330410
  • ISIN: DE0003304101
  • Land: Germany

Nachricht vom 07.02.2019 | 23:57

Gerry Weber International AG: GERRY WEBER International AG arranges bridge loan and grants purchase option for HALLHUBER GmbH

Gerry Weber International AG / Key word(s): Financing
Gerry Weber International AG: GERRY WEBER International AG arranges bridge loan and grants purchase option for HALLHUBER GmbH

07-Feb-2019 / 23:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc announcement pursuant to section 17 MAR

GERRY WEBER International AG arranges bridge loan and grants purchase option for HALLHUBER GmbH

(Halle/Westphalia, 7. February 2019) Within the scope of the ongoing restructuring of Gerry Weber, GERRY WEBER International AG arranged a bridge loan of EUR 10 million for subsidiary HALLHUBER GmbH with an investor. Furthermore, the investor acquires receivables of GERRY WEBER Group companies against HALLHUBER, largely already subordinated, at a purchase price of about EUR 1 million. At the same time, a purchase option for HALLHUBER GmbH was granted. In case of execution, GERRY WEBER either retains a 14 % stake in HALLHUBER or, alternatively retains a 12% stake plus purchase price of EUR 500,000 at its own discretion. The purchasing option for HALLHUBER is subject to several pre-conditions and can only be exercised upon fulfillment, which is expected for May 2019.

With the proceeds from the bridging loan, the ongoing business operations of HALLHUBER are safeguarded for the time being. The agreed transaction is an essential step towards the operational and financial restructuring of GERRY WEBER Group.

The Managing Board

Notifying Person:
Florian Frank
Member of the Managing Board
Phone: +49 5201 185-140
ir@gerryweber.com


07-Feb-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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