Ad-hoc | 10 August 2005 13:25
E.ON AG: E.ON to use CTA to fund provisions for pensions
Ad hoc announcement §15 WpHG
Provisions for pensions
E.ON AG: E.ON to use CTA to fund provisions for pensions
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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E.ON to use CTA to fund provisions for pensions
E.ON AG will use the group’s strong liquidity and financial position to fund
up to 5.4 billion euros of its provisions for pensions by means of a
contractual trust arrangement (CTA). The E.ON AG Supervisory Board made this
decision at its meeting today. The CTA will increase the transparency of
E.ON’s balance sheet and further strengthen the financial security of
employees’ company pension plans. Under the CTA, the corresponding funds are
converted to plan assets for the fulfillment of pension obligations. The
funding process will begin soon and be complete in 2006.
E.ON AG
E.ON-Platz 1
40479 Düsseldorf
Deutschland
ISIN: DE0007614406 (DAX)
WKN: 761440
Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München und Stuttgart; Eurex; New York
End of ad hoc announcement (c)DGAP 10.08.2005
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