Ad hoc announcements
DGAP-Ad-hoc: Rheinmetall AG: Rheinmetall's Bremen subsidiary accepts imposition of fine
Rheinmetall AG / Key word(s): Legal Matter
10.12.2014 17:01
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Rheinmetall Defence Electronics GmbH (RDE), a Bremen-based subsidiary of
Rheinmetall AG, will accepted a fine imposed by the senior prosecutor in
Bremen. The decision comes in the wake of a meeting of the Executive and
the Supervisory Board of Rheinmetall AG. This brings to an end criminal
proceedings relating to the allegation that unauthorized payments were made
during arms deals in Greece by a representative of the company in that
country. During the legal proceedings, RDE was accused of failing to detect
and prevent suspicious payments to sales partners due to inadequate
internal controls. The total fine amounts to EUR 37.07 million. The portion
of this amount allocated to the confiscation of profits, which can be
applied towards tax, comes to EUR 36.77 million.
10.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Rheinmetall AG
Rheinmetall Platz 1
40476 Düsseldorf
Germany
Phone: +49 (0)211 473-4718
Fax: +49 (0)211 473-4157
E-mail: franz-bernd.reich@rheinmetall.com
Internet: www.rheinmetall.com
ISIN: DE0007030009
WKN: 703000
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart; Freiverkehr in
Hannover
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
back
