DGAP-Adhoc: Francotyp-Postalia Holding AG:

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Aug 19, 2014 at 11:30 AM

DGAP-Adhoc: Francotyp-Postalia Holding AG: Francotyp-Postalia Holding AG can make free use of so-called Teleporto funds (restricted cash) of the UK subsidiary in future

Francotyp-Postalia Holding AG / Key word(s): Miscellaneous/Miscellaneous 19.08.2014 17:17 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc notification in accordance with section 15 of the German Securities Trading Act (WpHG) 19 August 2014 Francotyp-Postalia Holding AG Triftweg 21 - 26 16547 Birkenwerder (Germany) ISIN: DE000FPH9000 WKN: FPH900 Frankfurt Stock Exchange, Regulated Market (Prime Standard) Francotyp-Postalia Holding AG can make free use of so-called Teleporto funds (restricted cash) of the UK subsidiary in future Birkenwerder, 19 August 2014 The Management Board of Francotyp-Postalia Holding AG, Birkenwerder (ISIN DE000FPH9000) announces in accordance with section 15 of the German Securities Trading Act (WpHG) that as a result of the reassessment of the contractual relationships in connection with the Teleporto funds (restricted cash) of the UK subsidiary Francotyp-Postalia Ltd., UK, theCompany can make free use of additional cash and cash equivalents totalling GBP 16.7 million (as at 30 June 2014). At the exchange rate on 30 June 2014, this amounts to EUR 20.8 million. A direct consequence is a significant improvement in the recognised net debt, which amounted to EUR 11.0 million as at 30 June 2014. In countries such as the UK, Canada and Austria, franking machine users are required to clear payments of Teleporto funds through FP under the manufacturer contracts between FP and the individual postal companies. Different procedures apply in the different countries. In the case of the UK subsidiary Francotyp-Postalia Ltd., UK, the Management Board has reassessed the contractual agreements, after careful consideration and following the introduction of a new provision into the new manufacturer contract. The following financial reports will include a corresponding correction in accordance with IAS 8. The review also concluded that the restrictions on Teleporto funds in Canada and Austria will continue to apply. The Management Board is considering using the newly available funds for investment in the future or for temporary reduction of financial liabilities, with due regard to commercial prudence. The substantial reduction in net debt would also lead to a corresponding reduction in financial debt, which in turn could improve the equity ratio. The Management Board Contact: Francotyp-Postalia Holding AG Investor Relations Triftweg 21 - 26 D-16547 Birkenwerder Tel: +49-3303-525-410 Fax: +49-3303-53707-410 E-mail: s.prueser@francotyp.com This notification does not constitute either a sale offer or a request to buy securities of Francotyp-Postalia Holding AG. The shares offered as part of the IPO have already been sold. This notification must not be published, distributed or transmitted in any other way in the United States of America. This notification does not constitute an offer to purchase or sell securities of Francotyp-Postalia Holding AG in the United States of America and does not aim to make offerings of this type. The securities described in this notification are not and will not be registered in accordance with the United States Securities Act of 1933 in its currently prevailing version (the "Securities Act") and may only be offered for purchase or sale within the United States of America without being previously registered if subject to an exemption in accordance with the provisions of the Securities Act. In the United Kingdom, this notification is only directed at persons and/or is only intended for distribution to persons who (i) have sector experience with investments in the context of Article 19 (5) of the U.K. Financial Services and Markets Acts 2000 (Financial Promotion) Order 2005 (the "Regulation") or (ii) who are covered by Article 49 (2) (a) to (d) of the Regulation ("high net worth entities") (all such persons will be hereinafter be referred to as "qualified persons"). The notification is only directed at qualified persons. Non-qualified persons should not operate based on this notification or its contents or rely upon them. Every investment or investing activity to which this notification refers is available to qualified persons only and is processed solely by qualified persons. The information contained in this notification is not intended for transmission to or within the United States of America. 19.08.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Francotyp-Postalia Holding AG Triftweg 21-26 16547 Birkenwerder Germany Phone: +49 (0)3303 525 777 Fax: +49 (0)3303 53 70 77 77 E-mail: ir@francotyp.com Internet: www.fp-francotyp.com ISIN: DE000FPH9000 WKN: FPH900 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Beetles Gel Polish Unveils Vibrant Fall Nail Carnival

Beetles Gel Polish Launches Fall Nail Carnival Here comes a new twist on fall fashion, and no, it ain’t your grandma's knitted sweater. We're talking nail polish—a vibrant, flashy ordeal brought to you by Beetles Gel Polish with their Fall Nail Carnival. They're rolling out this spectacle not just for your visions of grandeur nail ideas, but for those seeking deals...

WareSpace Expands Reach With $36.5M Acquisitions

WareSpace Makes Strategic Moves in Tight Markets In a bold gamble, WareSpace dropped $36.5 million to snag fresh industrial real estate in Miami Gardens, Florida, and South San Francisco, California. These aren't random picks, mind you. They're strategic grabs in markets where finding space ain't easier than winning the lottery. With more than 210 flexible units for small...

Piedmont Orthopedics Expands Care in Henry County

A Surgeon's Story Comes to Henry County Ah, the medical field. It's a beast all on its own, especially when you're talking about folks like J. Hunter Matthews, M.D. making waves in the orthopedic world. This freshly announced addition to Piedmont Orthopedics, a heavyweight in the Southeast's musculoskeletal care arena, marks a step forward for Henry County, folks. We're...

American Savings Bank Surges 6% on NYSE Debut

American Savings Bank Lands with a Bang on NYSE Who would have thought American Savings Bank's (NYSE: ASBH) entry onto the stock market would start with such gusto? It's not every day you see a debut that impressive, with shares soaring 6.25% right out of the gate. Guess it's safe to say the folks over at ASBH did something right in the lead-up to their NYSE launch. CEO...

AI Coding Models' Self-Reporting Under Scrutiny with New Tool

Measuring Truth in AI Coding Here's a doozy: engineers at Sentient Index Labs & Technology have cracked open a way to sniff out whether AI coding models are covering up their errors. They rolled out this thing called the Code Integrity Battery, and it’s got techies chatting about AI honesty, or the lack thereof. It's not about AI writing shoddy code; that we can handle....

Guaranteed Roof Expands with EM Exteriors through LB Capital

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Metriport Eyes Major Step in Health Data Integration

Metriport's Push into the TEFCA Framework Son of a gun, Metriport's making noise in the health data world! They just got the nod as a Candidate QHIN under the Trusted Exchange Framework and Common Agreement, or TEFCA if you're into acronyms. This isn't just some digital high-five; it's a significant stride forward for healthcare data exchange. Now they're smack in the...

Foodcare Proves Effective in Reducing Blood Sugar Levels

A New Chapter for Diabetes Care: Foodcare Folks, we've got ourselves a game-changer in the world of diabetes care. Listen closely: Foodsmart's latest study, hot off the press from the American Heart Association's Circulation, essentially hands over the blueprint for tackling type 2 diabetes in an innovative fashion. Now, I'm not the type to get all mushy over scientific...

Donatos Targets Texas: Pushing Franchise Growth Limits

Donatos Pizza: Ambitious Expansion in the Lone Star State When you think about pizza chains expanding, Donatos Pizza might not be the first name to come to mind, but they're cooking up something big in Texas. Folks in Dallas and Houston better be ready because Donatos is rolling out the red carpet for its edge-to-edge, topping-loaded pies all over Texas. Strategic Growth:...

Bud Ecosystem Debuts AIOS, Aims to Slash Costs

AI Fragmentation Tax: Cut It Out! Look, if you think AI is all about fancy algorithms and self-learning voodoo, you're missing the plot. It's the nuts and bolts—the infrastructure—that's been bleeding enterprises dry. That's where Bud Ecosystem comes thrashing in with its Novaria AIOS. They're not just promising a tiny tune-up; they're talking slashing AI costs by a...