Corporate | 20 April 2006 13:13
Ludwig Beck AG: New major shareholder at LUDWIG BECK: Wöhrl acquires 29.91 % holding in Munich fashion firm
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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Munich, 20 April 2006 – The management board of LUDWIG BECK AG (ISIN DE
0005199905) has announced that the Nuremberg fashion house Rudolf Wöhrl AG
has acquired all of the shares held by longstanding LUDWIG BECK major
shareholder Karl Schleicher and another financial investor.
The total placement volume – 1,005,001 shares – corresponds to a 29.91 %
share of the 3.36 million no-par-value individual share certificates. That
makes the Nuremberg fashion house the largest shareholder in LUDWIG BECK
AG. Wöhrl says it has no plans to buy any further shares in the company.
Wöhrl fully supports the trading-up strategy pursued by the LUDWIG BECK AG
management board.
Rudolf Wöhrl AG is a company rich in tradition that sells international
brand-name fashion at 40 stores all over Germany. In financial year 2005/06
the Nuremberg company and its 2,800 employees grossed around €340 million
in sales. Rudolf Wöhrl AG has been a family-owned company since it was
founded.
“In Wöhrl we have gained a competent and long-term partner with more than
70 years of experience in retail trading. This holding offers both
companies highly promising prospects for the future and also ensures the
continued independence of our company,” said LUDWIG BECK directors Reiner
Unkel and Dieter Münch
Investor Relations contact:
Buchanan Capital Group
Metis-Corinna Tarta
+49 8151 95966-25
m.tarta@buchanan-ag.com
Ludwig Beck Accounts contact:
Ludwig Beck am Rathauseck
Martin Gehrke
+49 89 23691-788
Martin.gehrke@ludwigbeck.de
(c)DGAP 20.04.2006
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language: English
emitter: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80327 München Deutschland
phone: +49 (0)892 36 91-0
fax: +49 (0)892 36 91-6 00
email: info@ludwigbeck.de
WWW: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
indexes:
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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