pta20150528030
Business news for the stock market

CROSS Industries AG: Information to bondholders

Wels (pta030/28.05.2015/16:00 UTC+2) Information in relation to the EUR 60,000,000 6.875% Perpetual-Bond, ISIN AT0000500913, and the EUR 75,000,000 4.625% Bond 2012-2018, ISIN AT0000A0WQ66, of CROSS Industries AG

The Annual General Meetings of CROSS Industries AG, FN 261823 i, and BF HOLDING AG, FN 78112 x, held on 22 April 2015 have decided to merge CROSS Industries AG as transferring company with BF HOLDING AG as acquiring company. All assets of CROSS Industries AG will be transferred to BF HOLDING AG (universal succession). In the course of the merger BF HOLDING AG will change its legal name to CROSS Industries AG.

The shareholders will be informed separately once the merger has been registered with the commercial register.

CROSS Industries AG will continue to be controlled by DI Stefan Pierer. Pursuant to § 5 of the terms and conditions of the EUR 60,000,000 6.875% Perpetual-Bond, ISIN AT0000500913, respectively § 8 of the terms and conditions of the 75,000,000 4.625% Bond 2012-2018, ISIN AT0000A0WQ66, the merger does not trigger any termination rights for the creditors or the issuer CROSS Industries AG.

CROSS Industries AG is the majority shareholder of the automotive group KTM AG (with the brands KTM and Husqvarna), Pankl Racing Systems AG and WP AG. The CROSS group occupies more than 4,400 employees and generated consolidated revenues of approximately EUR 1.1 billion in the financial year 2014 and EUR 301.7 million in the first quarter of the financial year 2015.

Legal Notice
This announcement neither constitutes an offer to sell securities nor an invitation to submit an offer to buy securities of CROSS Industries AG.

In case of questions please contact:
Michaela Friepeß
Tel.: +43 (0) 7242 / 69402
info@crossindustries.at

(end)

Emitter: CROSS Industries AG
Edisonstraße 1
4600 Wels
Austria
Contact Person: Mag. Michaela Friepeß
Phone: +43 7242 69402
E-Mail: info@crossindustries.at
Website: www.crossindustries.at
ISIN(s): AT0000500905 (Bond) AT0000500913 (Other) AT0000A0WQ66 (Bond)
Stock Exchange(s): Vienna Stock Exchange (Regulated Open Market)
|