Ad-hoc update: Deufol AG extends legal action
against former senior managers
Ad-hoc update pursuant to Section 15 of the German Securities Trading Act (WpHG)
Deufol AG extends legal action against former senior managers
Hofheim, June 27th, 2012
The Management Board and the Supervisory Board of Deufol AG, Hofheim, filed on April 4, 2012, a criminal complaint with the district attorney of Frankfurt am Main, Germany, against the former managing director of its subsidiary Deufol Tailleur GmbH, Manfred Wagner, against Deufol AG’s former chairman of the board, Andreas Bargende, two other people from his personal circle, as well as against the former general counsel of the company, Wolfgang Gluecks. The district attorney in Frankfurt am Main has commenced investigative proceedings (file number 7210 Js 216358/12). Deufol AG now expands the criminal complaint to the former managers of the Group Mark Agatz, Frank Jovanovic und Jost Hahnebeck.
It is suspected that the aforementioned persons engaged in actions detrimental to the Deufol Group during the course of business from 2006 through 2011.
Beside the criminal complaint Deufol AG is filing civil claims for the damages it is entitled to. Today, it filed civil claims with the district court of Frankfurt am Main against the former Deufol managers Andreas Bargende, Manfred Artur Wagner, Tammo Fey, Wolfgang Glücks, Mark Agatz, Frank Jovanovic, Jost Hahnebeck, and four other people from the personal circle of Andreas Bargende.
Damages presently amount to Euro 26.4 million, which will be pursued by judicial process against the above mentioned persons in different amounts.
The company is confident it can enforce its claims for damages.
Telephone: +49 (6122) 50 1238
The original ad-hoc release was published via DGAP on April 4, 2012.
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Düsseldorf, Hamburg, Munich and Stuttgart