08.03.2021,
2439 Zeichen
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers/Company Information
Lenzing - Last week, Lenzing attempted to take operational control of Hygiene
Austria based on the contractual agreement with Palmers. As we have not received
full access to important documents and reliable documentation, Lenzing is not in
a position to exercise operational management in the interest of Hygiene
Austria's customers and to carry out the intended forensic work for resolving
the issues comprehensively and in the required quality.
The documents required for this purpose are for the most part located in
Palmers' premises, to which Lenzing has been given neither access nor permission
to enter. Despite the most intensive use of resources on the part of Lenzing,
the urgently required rapid clarification with reliable results was just as
impossible as the actual exercise of management. Lenzing therefore considers the
responsible authorities to be responsible for dealing with the current
allegations. Lenzing will support this process to the best of its ability.
With immediate effect, the nomination of Stephan Sielaff as managing director of
Hygiene Austria will be withdrawn and Stephan Trubrich will be removed as
managing director. A trustee to be appointed as soon as possible will be
entrusted with the administration of Lenzing's shares in Hygiene Austria.
In the future, Stephan Sielaff will be the sole member of the Managing Board of
Lenzing AG responsible for all agendas relating to the investment in Hygiene
Austria. Sielaff will coordinate all decisions with the Supervisory Board.
The Hygiene Austria project was co-founded by Lenzing with the deep conviction
that Austrian quality could make an important contribution to protecting the
population in the biggest pandemic of the last hundred years. The promise "Made
in Austria" was obviously not guaranteed throughout. Comprehensive and unsparing
clarification is therefore indispensable.
end of announcement euro adhoc
issuer: Lenzing AG
A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW:
http://www.lenzing.com
ISIN: AT0000644505
indexes: ATX, WBI
stockmarkets: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/1597/aom
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