- Regional Court of Nuremberg-Fürth dismisses injunction petitioned by the Prevent Group
- Placement of mandatory convertible bond issue to strategic partner was lawful
- Further confirmation of legal opinion held by Grammer
In a ruling handed down today by the Regional Court of Nuremberg-Fürth, the injunction imposed on Amberg-based automotive supplier Grammer was reversed. The automotive component supplier Prevent, part of the Hastor Group, had made an attempt to prevent the issue of shares by Grammer to a strategic partner. The reversal has retrospective effect. This means that it has been adjudicated on a final and binding basis
- Placement of mandatory convertible bond issue to strategic partner was lawful
- Further confirmation of legal opinion held by Grammer
In a ruling handed down today by the Regional Court of Nuremberg-Fürth, the injunction imposed on Amberg-based automotive supplier Grammer was reversed. The automotive component supplier Prevent, part of the Hastor Group, had made an attempt to prevent the issue of shares by Grammer to a strategic partner. The reversal has retrospective effect. This means that it has been adjudicated on a final and binding basis
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