GILDEMEISTER cooperates with Mori Seiki, Japan
Bielefeld. GILDEMEISTER Aktiengesellschaft has signed a cooperation agreement with the Japanese machine tool manufacturer, Mori Seiki Co. LTD. (Nagoya). The cooperation covers production, purchasing and the development of machines, as well as sales and services in selected markets.
To strengthen the alliance, a cross shareholding has been agreed. Investment in 5% of the shares each, confirms the long-term character of the cooperation. The Mori Seiki shareholding in GILDEMEISTER will take place by way of a capital increase in authorised capital resolved today by the Executive Board.
Through the issue of 2,279,500 new no-par shares, the registered capital of GILDEMEISTER Aktiengesellschaft will be increased from its present Euro 112,586,507.80 to Euro 118,513,207.80. The issue price for the new shares will be Euro 7.93 per share.
The Executive Board
Disclaimer, Forward-looking statement
Statements relating to the future: This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.