Today's extraordinary general meeting of Wolford AG resolved to increase the share capital from EUR 36,350,000 to EUR 48,848,227.77 by issuing 1,719,151 new ordinary shares. The issue price (Ausgabebetrag) per new share amounts to EUR 12.80; the total issue price amounts to EUR 22,005,132.80. The new shares have a profit entitlement (Gewinnberechtigung) as of 1 May 2017. The
1 March 2018. Wolford AG announces the completion of the signing of agreements on 1 March 2018 as follows. The intention of signing such agreements was published by means of dissemination of inside information on 1 March 2018, 10:34. Fosun Industrial Holdings Limited (Fosun) concluded an agreement for a purchase of a majority stake in
Wolford AG announces that Fosun Industrial Holdings Limited (Fosun) and the main shareholder group (WMP Familien-Privatstiftung, Sesam Privatstiftung and M. Erthal & Co. Beteiligungsgesellschaft m.b.H. as well as related parties) intend to conclude an agreement for the purchase of a majority stake in Wolford AG (2.543.694 shares, approx. 50.87% of the total share capital of
Claudia Beermann Elected to Serve as Chairwoman of the Supervisory Board and Thomas Tschol as Deputy Chairman Vienna/Bregenz, September 15, 2017. Following the 30th Annual General Meeting of Wolford AG held in Bregenz on September 14, 2017, the Supervisory Board held its constituent meeting and reorganized the top board positions as follows: Claudia Beermann, who
Dr. Antonella Mei-Pochtler, chairwoman of the supervisory board of Wolford AG since September 18, 2014, informed the company that she resigns as chairwoman with immediate effect and will leave the supervisory board in accordance with the articles of association as of September 8, 2017, in order to be able to participate in the ongoing bidding
Wolford AG has agreed with its banking partners to have its lines of credit extended up until June 30, 2018 as well as to be granted bridge financing of up to 10 million to cover its peak seasonal liquidity requirements. The agreement is subject to contractual implementation and the approval of the corporate bodies
Ashish Sensarma, 57, Chief Executive Officer (CEO) of Wolford AG since January 2015, will resign from his position on the Management Board as of July 31, 2017. Axel Dreher, 52, the previous Deputy Chief Executive Officer, will also assume management responsibility for Strategy, Marketing and Sales as of August 1, 2017. Moreover, at its meeting
The main shareholder group of Wolford AG, WMP Familien-Privatstiftung, Sesam Privatstiftung and its subsidiary the "M. Erthal & Co." Beteiligungsgesellschaft m.b.H., as well as related parties announced today the intention to sell their stake, which is a majority stake, in Wolford AG. To this end, the shareholders are starting a process, which is supported by
On March 17, 2017, Wolford AG announced that it would revise its medium-term strategic planning and develop a sustainable financing structure. The updated medium-term planning focuses on sustainably improving cost structures with the objective of making the company profitable again. Against the backdrop of the current difficult market environment, the latest planning assumptions foresee moderate
Following todays meeting, the Management Board of Wolford AG revised its forecast for the current 2016/17 financial year (May 1, 2016 to April 30, 2017). In the light of a significant decline in first-quarter revenue (-18%) compared to Q1 2015/16 and the ongoing market weakness in the month of August, it is unlikely that the