R STAHL : RSBG SE is considering selling its 14.25% stake in R. STAHL AG
March 11, 2020 at 07:40 pm EDT
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DGAP-Ad-hoc: R. Stahl AG / Key word(s): Miscellaneous
RSBG SE is considering selling its 14.25% stake in R. STAHL AG
12-March-2020 / 00:33 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.
RSBG SE is considering selling its 14.25% stake in R. STAHL AG
Waldenburg, 12 March 2020 - RSBG SE, a shareholder of R. STAHL AG with a 14.25% stake, offered the consortium of family shareholders of R. STAHL AG the 917.951 shares it holds in the company at a price of ?35.10 per share. The consortium of family shareholders did not accept this offer, which was limited to 11 March 2020. Due to existing agreements, RSBG SE may not offer its shares of R. STAHL AG to third parties in the next six months at a price that is below the aforementioned price.
About R. STAHL - www.r-stahl.com
R. STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment. The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation. Typical customers are the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2019, global sales amounting to about ?275 million were generated by 1,669 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL's management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.
The contents of this press release are intended to address all genders. For the sake of readability and without any intent to discriminate, only the male form is used.
Contact:
R. STAHL AG
Dr. Thomas Kornek
Senior Vice President Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany
12-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone:
+49 (7942) 943-0
Fax:
+49 (7942) 943-4333
E-mail:
investornews@stahl.de
Internet:
www.r-stahl.com
ISIN:
DE000A1PHBB5
WKN:
A1PHBB
Listed:
Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
R Stahl AG is a Germany-based technology company. It offers a range of products and systems for explosion protection, such as explosion protected switches, pushbuttons and light fittings. Its product portfolio comprises lighting solutions, installation equipment, control stations and control devices, installation equipment and accessories, signaling devices, load discount switches and motor starters, components for system solutions, applications for low voltage systems, isolators, safety batteries, operating and monitoring systems, components for heating systems, camera and surveillance systems, wireless solutions, marine solutions, and software solution Product Environmental Compliance (PEC). It serves customers from the gas and oil industry and the chemical and pharmaceuticals industry, as well as for sewage treatment plants, water conditioning plants and distilleries.