Praktiker AG / Key word(s): Strategic Company Decision/Change of Personnel 13.05.2012 19:27 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc announcement according to sec. 15 WpHG Restructuring / Management Board Change Restructuring and financing milestone reached/ changes in the Management Board Praktiker AG Am Tannenwald 2 66459 Kirkel ISIN: DE000A0F6MD5 WKN: A0F6MD KIRKEL - 2012/05/13. The supervisory board of the Praktiker AG has approved a financing concept for the implementation of the restructuring program today. An investor is offering a senior loan of 85 million euro to the company. This senior loan is an important building block for the total financing of the restructuring of Praktiker AG. It shall be complemented by a credit facility and a capital increase based on the existing authorized capital. The financing concept involves fundamental changes of the restructuring program initiated in November 2011 and contains a considerable reduction of the overall financing volume. Basically, the new positioning aims at sharpening the profile of the two-brand strategy with Praktiker and Max Bahr. In this context, a greater number of Praktiker stores are to be converted to Max Bahr. Here the new concept deviates from the previous strategy. With the approval of this financing concept, the restructuring mission of Management Board members Thomas Fox and Josef Schultheis ends. They are leaving the company as agreed effective today, but will remain available as advisors. The Supervisory Board has delegated long-term Supervisory Board member Dr. Kay Hafner as the new Chairman of the Management Board. Markus Schürholz will remain in charge of the finance sector. Further members of the Management Board will be announced soon. 13.05.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Praktiker AG Am Tannenwald 2 66459 Kirkel Germany Phone: +49 (0)6849 95-3700 Fax: +49 (0)6849 95-3709 E-mail: investorrelations@praktiker.de Internet: www.praktiker.com ISIN: DE000A0F6MD5 WKN: A0F6MD Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Restructuring and financing milestone reached/changes in the Managment Board
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