EANS-Adhoc: PUMA AG Rudolf Dassler Sport Arbitration Ruling regarding One-Time
Payment of EUR98 Million in Spain repealed
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Patents, Copyright & Trademarks
17.06.2011
PRESS RELEASE
Ad Hoc Release Pursuant to § 15 WpHG
Law / Arbitration
PUMA AG Rudolf Dassler Sport (ISIN: DE00069696303 WKN: 696960)
PUMA WAY 1, D-91074 Herzogenaurach
Arbitration ruling regarding One-Time Payment of EUR98 Million in Spain
repealed
Herzogenaurach, Germany, 17 June 2011 - The Sportlifestyle company PUMA AG
herewith declares that the arbitration ruling of 2 June 2010, allowing the
vesting of all PUMA trademark rights in Spain to PUMA in exchange for a one-
time payment of 98 million Euros, has been repealed by the District Court of
Madrid. Its verdict of 14 June 2011 is a direct consequence of PUMA´s
successful appeal against the arbitration ruling.
The verdict means that PUMA is no longer bound to make the one-time payment of
98 million Euros to Estudio 2000 S.A., the former Spanish licensee and holder
of the remaining rights. PUMA will continue its efforts in uniting all
remaining Spanish PUMA trademarks and is considering its next steps to achieve
this aim.
Pursuant to §15 WpHG PUMA herewith informs the financial markets that PUMA´s
payment obligation has been repealed. This ad hoc release does not constitute
an offer to sell nor is it a solicitation to buy any securities.
Further inquiry note:
Kerstin Neuber
Telefon: +49 (0)9132 81-2984
E-Mail: Kerstin.Neuber@puma.com
end of announcement euro adhoc
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issuer: PUMA AG Rudolf Dassler Sport
Würzburger Strasse 13
D-91074 Herzogenaurach
phone: +49 (0)9132 81 0
mail: investor-relations@puma.com
WWW: http://about.puma.com/?lang=de
sector: Consumer Goods
ISIN: DE0006969603
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, regulated dealing:
München
language: English
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Financial Figures/Balance Sheet Herzogenaurach (euro adhoc) - Herzogenaurach, Germany, February 15, 2011 - PUMA AG announces its Consolidated Financial Results for the Fourth Quarter ...