MS Industrie AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
December 02, 2019 at 04:50 am EST
Share
DGAP Voting Rights Announcement: MS Industrie AG
MS Industrie AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
02.12.2019 / 10:47
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Universal-Investment Gesellschaft mbH, Frankfurt am Main, Germany informed us on November 28, 2019 pursuant to Art. 43(1) WpHG thereby making reference to the exceedance of the threshold of 10% or a higher threshold from November 20, 2019 , as follows:
The investment is used to implement strategic objectives.
The reporting person does not intend to obtain further voting rights by acquisition or any other way.
The reporting person does not intend to influence the composition of the issuers' administration, management or supervisory board.
The reporting person does not intend to change the capital structure of the company, especially with regards to the ratio of internal/outside financing and the dividend policy.
Concerning the source of funds, the capital is financed by 100% through borrowed funds with which the reporting person needs to finance the acquisition of the voting rights.
02.12.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
MS Industrie AG, formerly GCI Industrie AG, is a Germany-based industrial technology company that operates through two segments: Powertrain Technology and Ultrasonic Technology. The Powertrain Technology segment manufactures systems and components for heavy-duty diesel engines, automotive components and systems, and customized electric motors. The Ultrasonic Technology segment provides various ultrasonic solutions, including machines for fully integrated processing of plastic parts, such as fenders, door panels, instrument panels, as well as engine and luggage compartment covers for automotives, generators, sonotrodes and ultrasonic systems for welding, sealing, cutting, slitting and punching of film, paper, tissue, nonwovens or filter material. It serves customers from the commercial vehicle and passenger car industry, packaging machine industry and general mechanical and plant engineering. The Company operates sites in Germany, Bulgaria, the United States, Brazil and China.
MS Industrie AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution