DGAP-Adhoc

Balda AG: Advisory Board passed a resolution to put forward a conterclaim against former Managing Boardmember

Balda AG / Key word(s): Legal Matter

24.09.2014 16:04

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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At its meeting today, the Supervisory Board of Balda AG has passed a
resolution to put forward a counterclaim in the proceedings relating to the
salary payments claimed by former Management Board member Mr. Dominik Müser
arising from his Management Board service agreement that was terminated.
The subject matter of the counterclaim are the company's loss compensation
receivables of around EUR 1.8 million due to serious infringements of duty
by the Management Board in 2013. The company is currently unable to provide
any further information due to the ongoing legal dispute, and given the
further development of the proceedings.


Contact:
Daniela Münster
Deekeling Arndt Advisors
Phone: [phone]
Mail: [e-mail]


24.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: [phone] / 9 22-0
Fax: [phone]
E-mail: [e-mail]
Internet: www.balda.de
ISIN: DE0005215107
WKN: 521510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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