DGAP-Adhoc

Clere AG: US arbitration proceedings with sellers of Balda C. Brewer, Inc. con-cluded

Clere AG / Key word(s): Legal Matter

19.04.2016 21:56

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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The US arbitration proceedings between the sellers of Balda C. Brewer, Inc.
und BIUSA LLC (previous company name: Balda Investments USA LLC), a 100 %
subsidiary of the company, have been concluded with an arbitration ruling.
In late December 2014, the sellers of Balda C. Brewer, Inc. had asserted
damage claims within the scope of an ar-bitration claim, with BIUSA LLC in
turn bringing a counter-claim. According to the arbi-tration ruling, Balda
Investments USA LLC is obliged to pay an amount of about EUR 500 thousand
(including cost reimbursement for the proceedings) to the plaintiff. This
means that the arbitration proceedings have been finally concluded
(arbitration claim and counter-claim). The outcome will not impact the
company's operating result be-cause sufficient reserves had been
accumulated, beforehand.


19.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Clere AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: [phone] / 9 22-0
Fax: [phone]
E-mail: [e-mail]
Internet: www.clere.de
ISIN: DE0005215107
WKN: 521510
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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