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MASTERFLEX – Technische Schläuche & Verbindungen

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MASTERFLEX – Technische Schläuche & Verbindungen
MASTERFLEX – Technische Schläuche & Verbindungen

Ad hoc disclosure: Legal dispute is finished

Agreement reached on legal dispute over interest rate swap


Masterflex AG: Agreement reached on legal dispute over interest rate swap

Gelsenkirchen, 4 November 2011 - The legal dispute between Masterflex AG, a bank, senior shareholders and the D&O insurance company regarding the claims for damages from the interest rate swap agreement terminated in 2009 was ended today. On the basis of the out-of-court agreement between the parties involved, Masterflex is to receive an additional amount of € 2.7 million. After settlement of claims, this results in non-operating income of roughly € 0.9 million at Masterflex. This income is not yet included in the Q3 figures to be published on 15 November 2011. The additional liquid funds will be used to further reduce the Group’s debt.

IR-NewsAd-hoc AnnouncementsMasterflex Group