DGAP-Adhoc

EASY SOFTWARE AG: Legal proceedings for indemnities

EASY SOFTWARE AG / Key word(s): Legal Matter

12.02.2016 13:49

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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Mülheim an der Ruhr / Germany, February 12, 2016

By judgement of February 11, 2016, EASY SOFTWARE AG received today, the
District Court Duisburg sentenced EASY Solutions GmbH, the former chairman
of the supervisory board Manfred A. Wagner and the former member of the
management board Josef Gemeri - jointly and severally liable - to pay
damages amounting to EUR 400,000.00 plus interest to EASY SOFTWARE AG.
Furthermore, EASY Solutions GmbH and Manfred A. Wagner were sentenced,
jointly and severally, to pay further damages amounting to EUR 83,440.33
plus interest to EASY SOFTWARE AG. Moreover, the District Court Duisburg
decided that Manfred A. Wagner and Josef Gemeri are obliged, jointly and
severally, to compensate all further damages of EASY SOFTWARE AG that have
resulted or will result from the guarantee to secure liabilities of EASY
Solutions GmbH and from the settlement of liabilities of EASY Solutions
GmbH amounting to a front ranking liability amount of EUR 400,000.00.
Manfred A. Wagner furthermore has to compensate all damages that have
resulted or will result from the guarantee to secure liabilities of EASY
Solutions GmbH and from the settlement of liabilities of EASY Solutions
GmbH exceeding a liability amount of EUR 400,000.00. The action against the
former member of the supervisory board Wolfgang Glücks was dismissed.

According to the general assembly's resolution of August 28, 2013 on agenda
item 11, the special representative appointed by the general assembly on
July 26, 2012, on behalf of the Company, sued the aforementioned former
members of the corporate bodies and EASY Solutions GmbH for expenditure and
damages; after revocation of the representative, the management board and
the supervisory board continued the legal proceedings.

The court decisions relate to a guarantee granted by EASY SOWFTARE AG to
secure current account liabilities of EASY Solutions GmbH and the
settlement of liabilities of EASY Solutions GmbH by EASY SOFTWARE AG as
well as the claim for interest on the settlement of liabilities in favour
of EASY Solutions GmbH. At the relevant point in time, EASY Solutions GmbH
was not part of the EASY group; majority shareholder was IPM Industrie
Participation Management M.A. Wagner GmbH, a company controlled by Manfred
A. Wagner.

The court order is not yet final.

Further tort litigation is not yet completed.

EASY SOFTWARE AG
The Management Board


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Language: English
Company: EASY SOFTWARE AG
Am Hauptbahnhof 4
45468 Mülheim an der Ruhr
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.easy.de
ISIN: DE0005634000
WKN: 563400
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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