Ad-hoc | 4 November 2011 09:56
Masterflex AG / Key word(s): Legal Matter
04.11.2011 09:56
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Gelsenkirchen, 4 November 2011 - The legal dispute between Masterflex AG, a
bank, senior shareholders and the D&O insurance company regarding the
claims for damages from the interest rate swap agreement terminated in 2009
was ended today. On the basis of the out-of-court agreement between the
parties involved, Masterflex is to receive an additional amount of EUR 2.7
million. After settlement of claims, this results in non-operating income
of roughly EUR 0.9 million at Masterflex. This income is not yet included
in the Q3 figures to be published on 15 November 2011. The additional
liquid funds will be used to further reduce the Group's debt.
04.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 97077-44
Fax: +49 (0)209 97077-20
E-mail: annette.littmann@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Indices: Prime all share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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