DGAP-Adhoc

Hornbach Holding AG: Board of Management proposes change of legal form into KGaA

Hornbach Holding AG / Key word(s): Miscellaneous

22.05.2015 12:17

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.

---------------------------------------------------------------------------

Hornbach Holding Aktiengesellschaft: Board of Management proposes change of
legal form into KGaA

Change of legal form of Hornbach Holding Aktiengesellschaft into a KGaA
will be proposed to the Annual General Meeting and the separate meeting of
the preference shareholders

Neustadt an der Weinstrasse, May 22, 2015

The Board of Management of Hornbach Holding Aktiengesellschaft today
resolved to propose to the company's Annual General Meeting, which is
expected to be held on July 9, 2015, a resolution on the change of legal
form of Hornbach Holding Aktiengesellschaft into a partnership limited by
shares (Kommanditgesellschaft auf Aktien - KGaA) with accession of HORNBACH
Management AG as general partner. It will be proposed to the separate
meeting of preference shareholders, which is expected to be held on July
10, 2015, that the resolution on the change of the legal form be approved.

The change of the legal form of Hornbach Holding Aktiengesellschaft will be
effected in accordance with the provisions of the German Transformation Act
(Umwandlungsgesetz - UmwG). The company in its new legal form shall operate
under the name HORNBACH Holding AG & Co. KGaA.

As the case may be, Shareholders in Hornbach Holding Aktiengesellschaft
will become limited shareholders in HORNBACH Holding AG & Co. KGaA.
However, the preference shareholders will not be granted preference shares,
but rather - as well as the ordinary shareholders - they will solely be
granted non-par value ordinary bearer shares with voting rights in the
KGaA. The exchange ratio shall be 1:1 in each case. Therefore, the portion
of the share capital corresponding to one non-par value share will not
change. As compensation for the loss of the preference, the preference
shareholders will receive an additional cash payment (section 196 of the
UmwG) of EUR 0.38 per preference share.

The general partner of HORNBACH Holding AG & Co. KGaA shall be HORNBACH
Management AG, with registered seat in Annweiler am Trifels and wholly
owned by Hornbach Familien-Treuhandgesellschaft mbH. HORNBACH Management AG
shall not receive any interest in the capital of HORNBACH Holding AG & Co.
KGaA by the change of legal form; it will not hold any interest in the
assets or profit or loss of HORNBACH Holding AG & Co. KGaA.

The notice convening the Annual General Meeting, which will also contain
the full text of the proposed resolution on the change of legal form, is
expected to be published in the Federal Gazette (Bundesanzeiger) on May 28,
2015.


22.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Hornbach Holding AG
Le Quartier Hornbach 19
67433 Neustadt an der Weinstraße
Germany
Phone:
Fax:
E-mail:
Internet:
ISIN: DE0006083439
WKN: 608343
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

---------------------------------------------------------------------------