Bremer Woll-Kämmerei AG
Bremer Woll-Kämmerei AG:Determination of the cash settlement according to Art. 327 b Aktiengesetz
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Elders Global Wool Holding Pty Ltd, Adelaide, Australia, main shareholder
of Bremer Woll-Kämmerei AG, has today notified the Board of Management of
Bremer Woll-Kämmerei AG, Bremen, that it has determined the cash settlement
for the transfer of the shares of the minority shareholders of Bremer
Woll-Kämmerei AG (so called ‘Squeeze Out”) to be 2,55 EUR for each bearer
share of Bremer Woll-Kämmerei AG. Elders Global Wool Holding Pty Ltd has
notified Bremer Woll-Kämmerei AG in this connection that the determination
of the cash settlement has been based on the highest price per share paid
by Elders Global Wool Holding Pty. Ltd. for BWK-shares during the last
years. The weighted average stock price of the BWK-share during the last
three months before notification of the Squeeze-Out-procedure by the ad
hoc-notice of Bremer Woll-Kämmerei AG of 7 March 2006 amounts to € 2,48 and
is therefore about 3% below the determined cash settlement. The value of
Bremer Woll-Kämmerei AG derived from the net earnings value amounts to €
1,41/share. The determined cash settlement of € 2,55 therefore is 81% above
the net earnings value of the BWK AG shares.
The adequateness of the so determined cash settlement and the net earnings
value have been audited by the expert auditor Susat und Partner OHG
Wirtschaftprüfungsgesellschaft, Hamburg.
The Squeeze Out needs the consent of the general shareholder assembly of
Bremer Woll-Kämmerei AG. It is planned that in the Annual General Assembly
on 15 and, if needed, 16 August 2006 the Squeeze Out shall be voted at
these terms. The Supervisory Board of Bremer Woll-Kämmerei has resolved in
its meeting of today to propose to the General Assembly to consent to the
Squeeze Out at these terms.
For further information, Herr Günther Beier and Herr Andrés Pinter 0421 /
60 91-304 or Herr Thomas Bolte Tel: 0421/60 91-205 are at your disposal.
Vorstand (Board of Management) der Bremer Woll-Kämmerei AG:
Günther Beier, Vorsitzender (Chairman)
Andrés Pinter
BREMER WOLL-KÄMMEREI AG
ISIN: DE000A0BVXQ0
Postfach 71 01 80
D-28761 Bremen
Tel.: 0421/60 91-0
Fax.: 0421/60 91-600
e-mail: info@bwk-bremen.de
Internet: http://www.bwk-bremen.de
(c)DGAP 13.06.2006
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Language: English
Issuer: Bremer Woll-Kämmerei AG
Landrat-Christians-Straße 95
28779 Bremen Deutschland
Phone: 04 21-60 91-324
Fax: 04 21-60 91-6 11
email: info@bwk-bremen.de
WWW: www.bwk-bremen.de
ISIN: DE000A0BVXQ0
WKN: A0BVXQ
indices:
Listed: Amtlicher Markt in München; Geregelter Markt in
Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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