EANS-Adhoc: RHI AG
Chapter 11 proceedings of the US companies deconsolidated
in 2001 completed
01.05.2013 – 20:38
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Justice/Processes 01.05.2013 On March 11, 2013, the competent district court confirmed the decision of the bankruptcy court regarding a settlement with all insurance companies successful in the appeals proceedings. After expiry of the objection period and the fulfillment of conditions precedent, the reorganization plans of the US companies have entered into force with effect from April 30, 2013. This has just been announced to the bankruptcy court. Consequently, the Chapter 11 proceedings of the companies deconsolidated as of December 31, 2001 and the associated asbestos-related claims for damages have been definitively completed with full legal security after eleven years. RHI receives a payment of USD 40 million from the former owner of one of the US companies. Further inquiry note: RHI AG Investor Relations Mag. Simon Kuchelbacher Tel: +43-1-50213-6676 Email: simon.kuchelbacher@rhi-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: RHI AG Wienerbergstrasse 9 A-1100 Wien phone: +43 (0)50213-6123 FAX: +43 (0)50213-6130 mail: rhi@rhi-ag.com WWW: http://www.rhi-ag.com sector: Refractories ISIN: AT0000676903 indexes: ATX Prime, ATX stockmarkets: official market: Wien language: English