DGAP-Adhoc

Heidelberger Druckmaschinen AG: Management Board Chairman Dr. Gerold Linzbach will not renew his contract which runs until August 2017

Heidelberger Druckmaschinen AG / Key word(s): Change of Personnel

22.07.2016 10:57

Disclosure of an inside information according to Article 17 MAR,
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 chairman of the Management Board of Heidelberger Druckmaschinen AG
(Heidelberg), Dr. Gerold Linzbach (60), informed the Supervisory Board
today that, following the successful turnaround, he would not be seeking
the extension of his contract and aims at pursuing new professional
challenges. Ensuring an orderly handover of functions, he will continue to
serve the company until the scheduled end of his contractual term in August
2017 and, after Heidelberg's successful restructuring, remains fully
committed to promoting the Group's strategic advancement together with his
team. This allows the Supervisory Board sufficient time to find a suitable
replacement.

The Supervisory Board of Heidelberger Druckmaschinen AG respects Dr.
Linzbach's decision which it has accepted with great regret. At the same
time, it has expressed its appreciation for Dr. Linzbach's intensive work
and strong dedication in particular in connection with the successful
repositioning. Dr. Linzbach has been strongly committed to the company and
has lead Heidelberg into a new direction which is geared towards
sustainable profitability and establishes the base for further growth, in
particular in the segments Digital, Services and Packaging.

Following the successful repositioning, Dr. Linzbach will dedicate his time
to other entrepreneurial targets and start a new career phase of his life.

Contact:
Heidelberger Druckmaschinen AG

Corporate Public Relations
Thomas Fichtl
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]

Investor Relations
Robin Karpp
Phone: [phone]
Fax: [phone] 67120
E-Mail: [e-mail]


Important note:
This press release contains forward-looking statements based on assumptions
and estimations by the Management Board of Heidelberger Druckmaschinen
Aktiengesellschaft. Even though the Management Board is of the opinion that
those assumptions and estimations are realistic, the actual future
development and results may deviate substantially from these
forward-looking statements due to various factors, such as changes in the
macro-economic situation, in the exchange rates, in the interest rates and
in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft
gives no warranty and does not assume liability for any damages in case the
future development and the projected results do not correspond with the
forward-looking statements contained in this press release.


22.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Heidelberger Druckmaschinen AG
Kurfürsten-Anlage 52-60
69115 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.heidelberg.com
ISIN: DE0007314007
WKN: 731400
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX

End of Announcement DGAP News-Service

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