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Tuesday 10 December, 2019

Leoni AG

Leoni intends to increase available liquidity

DGAP-Ad-hoc: Leoni AG / Key word(s): Financing
Leoni AG: Leoni intends to increase available liquidity

10-Dec-2019 / 16:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Leoni intends to increase available liquidity

Nuremberg, 10 December 2019 - Following an examination of the mid-term assumptions by external experts regarding business developments until 2022 and presentation of the results in today's Board of Directors meeting, the Board of Leoni AG, Nuremberg (ISIN DE 0005408884 / WKN 540888) intends to increase its existing liquidity by EUR 200 million in order to ensure the company is fully financed. Taking into account the repayment of the promissory note loans due in 2020, the Group's current financing scope is not expected to increase. Leoni continues to be in very constructive discussions with its creditors and will commission an expert opinion in accordance with the S6 standard (IDW S6) published by the Institute of Public Auditors (Institut der Wirtschaftsprüfer) in order to confirm the company's course and that it is fully financed.

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This announcement contains certain forward-looking statements that are based on the current assumptions and forecasts of Leoni AG's management. Various known and unknown risks, uncertainties and other factors could cause Leoni's actual results, its financial position, growth or performance to differ materially from the estimates presented herein. Leoni assumes no responsibility whatsoever to update such forward-looking statements or to conform them to future events or developments. Explanations of and reconciliations with key financial figures used can be found in the Annual Report 2018 of Leoni AG (accessible at https://d1619fmrcx9c43.cloudfront.net/fileadmin/corporate/publications/reports/2018/annual_report_2018.pdf?1552974803), particularly on pages 133, 159, 169f., 244.


Contact person responsible for the announcement
Sven Schmidt
Corporate Public & Media Relations
Phone +49 (0)911-2023-467
Fax +49 (0)911-2023-10467
E-mail[email protected]


10-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Leoni AG
Marienstraße 7
90402 Nuremberg
Germany
Phone: +49 (0)911 20 23-234
Fax: +49 (0)911 20 23-382
E-mail: [email protected]
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; Madrid
EQS News ID: 932227

 
End of Announcement DGAP News Service

932227  10-Dec-2019 CET/CEST

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