PTA-IRE

Catalis SE: Quartely Report Q1/ 2015 - Seite 3

Corporate developments

At a corporate level, the Group disposed of Testronic Laboratories Belgium NV on 30 April 2015. The decision to sell Testronic Laboratories Belgium NV was borne out of a previously announced strategic review, conducted in late 2014, which concluded that the specialized testing business in Belgium had little interaction or business overlap with the wider Catalis SE Group. Eur 1 m of the gross proceeds will be held for a period in escrow in support of specific representations and warranties; Eur 3 m of the proceeds from the transaction will be used to repay the working capital facility with KBC Bank; and the remaining proceeds from the transaction will be invested in the core operations of the Group. The disposal of Testronic Laboratories Belgium NV will be accounted for in the second quarter of 2015 and reported upon in Interim Report for the six months to 30th June 2015.

From the same strategic review, the board also concluded it should withdraw its listing from the General Standard in Frankfurt in order to realize significant and material cost savings for the Group. On 28th January 2015, the Frankfurt Stock Exchange approved the withdrawal. Catalis SE's shares will continue to be listed on the General Standard until 27th July 2015 according to the Stock Exchange regulations. Thereafter, the shares will be listed on the Open Market.

For further information on Catalis SE and its wholly owned subsidiaries, Testronic Labs and Kuju, please refer to www.catalisgroup.com, www.testroniclabs.com and www.kuju.com.

For further questions please contact our Investor Relations team directly:

Catalis SE Investor Relations Team t: [phone] - 223 f: [phone] - 228 [e-mail]



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emitter: Catalis SE address: Laan van Diepenvoorde 3, 5582 LA Waalre country: Netherlands contact person: Peter Biewald phone: [phone] e-mail: [e-mail] website: www.catalisgroup.com

ISIN(s): NL0010447306 (share) stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20150521027 ]