EANS-Adhoc: RHI AG Chapter 11 proceedings of the US companies deconsolidated
in 2001 completed
--------------------------------------------------------------------------------
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