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Press release Box-ID: 849409

Grammer AG Grammer-Allee 2 92289 Ursensollen, Germany http://www.grammer.com
Contact Mr Ralf Hoppe +49 9621 662200
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Grammer AG

Regional Court of Nuremberg-Fürth has lifted the enforcement of the interim injunction against Grammer AG

(PresseBox) ( Amberg, )
.

- The German Federal Cartel Office has also confirmed that the acquisition of Grammer shares by an associated company of Ningbo Jifeng is not subject to approval
- All obstacles to the issue of shares to the strategic partner have now been cleared

In a ruling issued today, the Regional Court of Nuremberg-Fürth has lifted the enforcement of the interim injunction that had been obtained by Prevent DEV GmbH against Grammer AG. Under this interim injunction, Grammer AG had been prohibited from granting shares under the mandatory convertible bond that had been issued on February 14, 2017.

In addition, the German Federal Cartel Office confirmed today that acquisition of Grammer shares by JAP Capital Holding GmbH, an associated company of Ningbo Jifeng, is not subject to approval as the relevant revenue thresholds have not reached.

This means that there are now no longer any obstacles to the issue of new shares to the strategic partner upon the conversion rights being exercised.

 

 
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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.