EANS-Adhoc

Wolford AG / Wolford in negotiations to sell and rent the company property in Bregenz

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Strategic Management Decisions
03.04.2020

Bregenz - Wolford AG is currently in the final phase of negotiations with the
Blum Group on the sale and rental of the company's property in Bregenz,
Wolfordstraße 1 and 2. The purchase price offered amounts to approximately EUR
72 million. Wolford plans to rent the operational property from the buyer on a
long-term basis, as the headquarters and production facilities are to remain at
the location. The exclusive negotiations were preceded by a bidding process with
several prospective buyers which took several months. Upon implementation of the
transaction, Wolford AG expects to be able to repay all credit lines of its
Austrian banking partners and also to have sufficient financial resources to
properly position the company for the future.




Further inquiry note:
Wolford AG
Katharina Maurer
Global Communication
Tel: [phone]
[e-mail] / company.wolford.com

end of announcement euro adhoc
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issuer: Wolford Aktiengesellschaft
Wolfordstrasse 1
A-6900 Bregenz
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: http://company.wolford.com
ISIN: AT0000834007
indexes: ATX GP
stockmarkets: Frankfurt, Wien, New York
language: English

Additional content: https://www.presseportal.de/pm/112754/4563763
OTS: Wolford Aktiengesellschaft