SAF-HOLLAND S.A.: Banks submit proposal on financial restructuring
SAF-HOLLAND S.A. / Banking Syndicate/Restructure of Company Release 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. ---------------------------------------------------------------------- In today's negotiations on the restructuring of the SAF-HOLLAND Group, lending banks proposed the transfer of the Company's operational activities to a trustee. The economic framework conditions of such a model are still to be negotiated. The implementation of the proposal would mean that SAF-HOLLAND S.A. would, for the most part, be legally separated from the operating business and the assets of the Group. At the same time, the operating business would be sustainably supported and financially secured. An alternative proposal from the side of the Company with less decisive consequences for the shareholders was rejected by the banks. Following agreement on the details, the Annual General Meeting must make a decision on the model. Luxembourg, August 11, 2009 Board of Directors of SAF-HOLLAND S.A. Contact: SAF-HOLLAND Group GmbH Barbara Zanzinger Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 barbara.zanzinger@safholland.de 11.08.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: SAF-HOLLAND S.A. 68-70, boulevard de la Pétrusse L-2320 Luxembourg Luxemburg Phone: +49 6095 301 - 0 Fax: +49 6095 301 - 260 E-mail: info@safholland.de Internet: www.safholland.com ISIN: LU0307018795 WKN: A0MU70 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------