DGAP-Adhoc: HMS Bergbau AG: Repurchase of Silesian Coal shares and termination of contractual relations with Carbo Funding AG

2019. február 06., szerda, 18:25





DGAP-Ad-hoc: HMS Bergbau AG / Key word(s): Letter of Intent/Investment


HMS Bergbau AG: Repurchase of Silesian Coal shares and termination of contractual relations with Carbo Funding AG


06-Feb-2019 / 18:25 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Publication of Insider Information according to Article 17 MAR as of 6 February 2019

HMS Bergbau AG: Repurchase of Silesian Coal shares and termination of contractual relations with Carbo Funding AG



Berlin, 6 February 2019: The Management Board of HMS Bergbau AG, one of the leading independent raw materials marketing and trading companies in Germany and the principal shareholder of the Silesian Coal International Group of Companies S.A. ("Silesian"), announces the reversal of the sale of interests and/or planned sale of interests in the Silesian Coal International Group of Companies S.A. (insider information published on 21 December 2017 and 17 May 2018).



To finance the operational activities of the Silesian Coal International Group of Companies S.A., HMS Bergbau AG planned to sell up to 20 per cent of Silesian"s shares to Carbo Funding AG. Carbo Funding AG had planned to place a bond to finance the purchase of the shares in Silesian, a part of which has already been financed. After Carbo Funding AG"s unsatisfactory placement of the bond, HMS Bergbau AG is now exercising its right to reverse the agreement between Carbo Funding AG and HMS Bergbau AG. Under these reversal rights, all but 1.1 per cent of the shares in Silesian Coal International Group of Companies S.A. will be repurchased by HMS Bergbau AG. HMS Bergbau AG"s current investment in the Silesian Coal International Group of Companies S.A. totals 98.9 per cent. The reversal of this transaction will have little impact on HMS Bergbau AG"s balance sheet, since the current status largely corresponds to that shown on the balance sheet as at 30 June 2018.



The Management Board






Contact:

Company contact:

HMS Bergbau AG

An der Wuhlheide 232

12459 Berlin

T.: +49 (30) 65 66 81-0

F: +49 (30) 65 66 81-15

Email: info@hms-ag.com

URL: www.hms-ag.com


HMS Investor Relations contact:

GFEI Aktiengesellschaft

Ostergrube 11

30559 Hannover

T.: +49 (511) 47 40 23 00

F.: +49 (511) 47 40 23 19

www.gfei.ag

Email: investors@hms-ag.com








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Language: English
Company: HMS Bergbau AG

An der Wuhlheide 232

12459 Berlin

Germany
Phone: 030 65 66 81-0
Fax: 030 65 66 81-15
E-mail: hms@hms-ag.com
Internet: www.hms-ag.com
ISIN: DE0006061104
WKN: 606110
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board)





 
End of Announcement DGAP News Service




773349  06-Feb-2019 CET/CEST







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