2016, Ad-hoc Reports

Ad-hoc: EASY SOFTWARE AG realises the attached claims

Ad hoc announcement by EASY SOFTWARE AG according to section 15 of the German Securities Trading Act (WpHG)

 WKN: 563400

 ISIN: DE0005634000

 

Mülheim an der Ruhr, April 14, 2016

Based on the judgements of District Court Duisburg of January 13, 2016 (Ref. 25 O 41/12) and February 11, 2016 (Ref. 21 O 20/14) against former Supervisory Board chairman Manfred A. Wagner, EASY SOFTWARE AG has, as part of precautionary attachment, attached claims of Manfred A. Wagner against banks to secure its claims for damages amounting to a total of EUR 3,194,545.67 (basically consisting of the pronounced principal claims amounting to EUR 1,996,440.00 plus interest rates).  A realisation of the attached claims will only be implemented upon provision of security by EASY SOFTWARE AG. The company will deposit the required security at short notice and realise the attached claims.

 

By judgement of January 13, 2016, District Court Duisburg sentenced Manfred A. Wagner to pay damages amounting to a total of EUR 1,513,000.00 plus interest rates and by judgement of February 11, 2016, sentenced him jointly and severally liable with EASY SOLUTIONS GmbH and, due to a partial amount, jointly and severally liable with former Management Board member Josef Gemeri, to pay damages amounting to EUR 483,440.33 plus interest rates.  Both judgements are provisionally enforceable against provision of security. Manfred A. Wagner appealed against the judgement of January 13, 2016 and against the judgement of February 11, 2016.  If the decisions of District Court Duisburg are reversed by the court of appeal, the enforcement measures would have to be canceled and possibly, damages suffered by the judgment being enforced as precautionary attachmentwould have to be compensated by EASY SOFTWARE AG.

 

EASY SOFTWARE AG

The Management Board

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