EANS-Adhoc
Semperit AG Holding / Partial award against Siam Sempermed Corporation Ltd. (SSC) in arbitration proceedings regarding restoration of transparency, access to books of accounts, as well as to premises and factories
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Joint Ventures/Cooperation/Collaboration
03.06.2016
As already reported, Semperit Group is involved in arbitration
proceedings against its Thai joint venture partner, Sri Trang-Agro
Industry Public Co Ltd. Group and the joint venture company Siam
Sempermed Corporation Ltd. (SSC).
A partial award was rendered in the arbitration proceedings against
SSC. The arbitral tribunal decided that SSC must comply with
Semperit's request for the restoration of transparency, access to
books of accounts, as well as to premises and factories.
In case SSC does not comply with this partial award, enforcement
proceedings may become necessary.
About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells in
more than 100 countries highly specialised rubber products for the
medical and industrial sectors: examination and surgical gloves,
hydraulic and industrial hoses, conveyor belts, escalator handrails,
construction profiles, cable car rings, and products for railway
superstructures. The headquarters of this long-standing Austrian
company, which was founded in 1824, are located in Vienna. The
Semperit Group employs more than 7,000 people worldwide, including
close to 4,100 in Asia and more than 800 in Austria (Vienna and
production site in Wimpassing, Lower Austria). The Group has 22
manufacturing facilities worldwide and numerous sales offices in
Europe, Asia, Australia and America. In 2015 the group generated
sales of EUR 915 million and an EBITDA of EUR 96 million.
Further inquiry note:
Martina Büchele
Group Head of Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.com
www.semperitgroup.com
Stefan Marin
Head of Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------
Joint Ventures/Cooperation/Collaboration
03.06.2016
As already reported, Semperit Group is involved in arbitration
proceedings against its Thai joint venture partner, Sri Trang-Agro
Industry Public Co Ltd. Group and the joint venture company Siam
Sempermed Corporation Ltd. (SSC).
A partial award was rendered in the arbitration proceedings against
SSC. The arbitral tribunal decided that SSC must comply with
Semperit's request for the restoration of transparency, access to
books of accounts, as well as to premises and factories.
In case SSC does not comply with this partial award, enforcement
proceedings may become necessary.
About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells in
more than 100 countries highly specialised rubber products for the
medical and industrial sectors: examination and surgical gloves,
hydraulic and industrial hoses, conveyor belts, escalator handrails,
construction profiles, cable car rings, and products for railway
superstructures. The headquarters of this long-standing Austrian
company, which was founded in 1824, are located in Vienna. The
Semperit Group employs more than 7,000 people worldwide, including
close to 4,100 in Asia and more than 800 in Austria (Vienna and
production site in Wimpassing, Lower Austria). The Group has 22
manufacturing facilities worldwide and numerous sales offices in
Europe, Asia, Australia and America. In 2015 the group generated
sales of EUR 915 million and an EBITDA of EUR 96 million.
Further inquiry note:
Martina Büchele
Group Head of Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.com
www.semperitgroup.com
Stefan Marin
Head of Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English
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