06/10/2011 11:13:50
EANS-Adhoc: LPKF acquires minority stakes in two subsidiaries
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 10.06.2011 Garbsen, 10 June 2011 - LPKF Laser & Electronics AG today closed con-tracts of sale on the acquisition of external stakes in two subsidiaries. Completion of the contracts of sale will give LPKF AG a 100% shareholding in LPKF Motion & Control GmbH in Suhl and a 100% shareholding in LPKF Distribution Inc. in Portland (USA). These measures continue LPKF´s strategy of becoming the sole shareholder in the main Group companies. Early in 2011, the company already acquired the external shares in its Chinese subsidiary. Following the acquisition of the shares in LPKF Motion & Control GmbH, LPKF will push ahead further with the expansion of its solar business activities. An immediately payable purchase price tranche of EUR 3.3 million was agreed for the acquisition of the 49.1% shareholding in LPKF Motion & Control GmbH. The payment of two more purchase price tranches with similar volumes has also been agreed dependent on achieving contractually defined performance targets by 2014. Approx. 10% of the additional purchase price tranches will be paid in the form of new shares in LPKF Laser & Electronics AG. The acquisition of the external 15% shares in LPKF Distribution Inc. in Portland (USA) was paid in the form of 50,000 new shares in LPKF Laser & Electronics AG. For this purpose, the management board acted with the approval of the supervisory board to raise the capital by EUR 50,000 with the exclusion of subscription rights as empowered by the resolution adopted by the Annual General Meeting on 10 June 2010 (authorized capital). The shares in LPKF Laser & Electronics AG are traded on the Prime Stan-dard of the Frankfurt stock exchange (ISIN 0006450000). Further inquiry note: Helga Renners Vorstandsassistenin Tel.: +49 (0) 5131 7095 1381 E-Mail: helga.renners@lpkf.com issuer: LPKF Laser & Electronics AG Osteriede 7 D-30827 Garbsen phone: +49(0)5131 7095 382 FAX: +49(0)5131 7095 90 mail: investorrelations@lpkf.de WWW: ¿U1http://www.lpkf.de¿U0 sector: Semiconductors & active components ISIN: DE0006450000 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English