H&K AG: Judgment of the Frankfurt am Main Higher Regional Court dated 15 December 2023
December 15, 2023 at 09:46 am EST
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H&K AG
H&K AG: Judgment of the Frankfurt am Main Higher Regional Court dated 15 December 2023
15-Dec-2023 / 15:45 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Ad hoc notification H&K AG of 15 December 2023
Oberndorf am Neckar, 15 December 2023: Frankfurt am Main Higher Regional Court today ruled in the legal dispute between Compagnie de Developpement S.A., Luxembourg ("CDE") as claimant and Mr Andreas Heeschen as defendant that ownership of the 15,000,787 H&K AG shares, which are the subject of the legal dispute, has not yet been transferred to CDE. Instead, Mr Heeschen merely has an obligation to transfer slightly more than 13 million H&K shares to CDE as the future owner. According to the judgment, ownership of the H&K shares will transfer to CDE at the time when the judgment of Frankfurt am Main Higher Regional Court becomes legally binding. Whether one or both of the parties to the legal dispute will appeal against the judgment of Frankfurt am Main Higher Regional Court remains to be seen.
Heckler & Koch AG is specialized in manufacturing and marketing of small firearms intended for use by the armies, special operations forces, security forces and police. Net sales break down by family of products and services as follows:
- rifles (39%): assault rifles and sniper rifles;
- pistols (32%);
- machine guns and sub-machine guns (18%);
- other (12%): primarily training systems, 40 mm grenade launchers, sports weapons and design services.
Net sales are distributed geographically as follows: Germany (38.9%), the United States (43.2%), the United Kingdom (10.3%) and France (7.6%).
HECKLER & KOCH AG 
