DGAP-Ad hoc: H&R Aktiengesellschaft

DGAP-Adhoc: H&R Aktiengesellschaft plans to change its legal form into that of a partnership limited by shares (Kommanditgesellschaft auf Aktien)

H&R Aktiengesellschaft / Key word(s): Strategic Company Decision/Miscellaneous

04.04.2016 18:05

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad-hoc announcement pursuant to Article 15 of the German Securities Trading Act (WpHG)

WKN: 775700 ISIN: DE 0007757007

H&R AG Neuenkirchener Str. 8 48499 Salzbergen

H&R Aktiengesellschaft plans to change its legal form into that of a partnership limited by shares (Kommanditgesellschaft auf Aktien)

Salzbergen, 4 April 2016: Today, the Executive Board and the Supervisory Board of H&R Aktiengesellschaft decided to propose to the regular Annual Shareholders' Meeting to be held on 18 May 2016 that the company change its legal form from that of a joint-stock corporation (Aktiengesellschaft/AG) into that of a partnership limited by shares (Kommanditgesellschaft auf Aktien/KGaA). Under the German Reorganization Act (Umwandlungsgesetz/UmwG), such a change in legal form requires the approval of H&R Aktiengesellschaft's Annual Shareholders' Meeting.

Transforming the company into a partnership limited by shares (GmbH & Co. KGaA) is intended to ensure continuation of the long-term growth strategy. This will allow it to combine the opportunities of a publicly traded company with the advantages of a family-owned company. The future legal form will provide access to the capital markets and the associated financing potential while simultaneously safeguarding the long-term entrepreneurial perspective and focus of the anchor shareholder, Mr Nils Hansen. This will create a stable foundation for implementing the growth strategy going forward.

As part of the change in legal form, the future limited liability company (H&R Komplementär GmbH) will join the company as the general partner with full personal liability for the partnership's liabilities and through its management will take over the management and representation of the company. Mr Nils Hansen, who already holds around 61% of the shares of H&R Aktiengesellschaft and therefore can exert significant influence over the company, will hold the majority of the shares in the new H&R limited liability company (H&R Komplementär GmbH).

Changing H&R Aktiengesellschaft's legal form into that of a partnership limited by shares (Kommanditgesellschaft auf Aktien) will lead neither to the dissolution of the company nor to the founding of a new legal entity. The legal and commercial identity of the company will not change. The new H&R GmbH & Co. KGaA's EUR91,572,769.63 of share capital is the same as that of the previous joint-stock company (AG), as is the number of shares issued (35,820,154). As before, the shares of the future H&R GmbH & Co. KGaA will be listed for trading.

For the proposed resolution, the Executive Board has prepared a detailed "Change of Legal Form" report ("Umwandlungsbericht") which will be made available to the shareholders.

The change of the legal form into that of a partnership limited by shares (Kommanditgesellschaft auf Aktien) will be presented to the shareholders for a vote at the regular Annual Shareholders' Meeting on 18 May 2016. The agenda for the Annual Shareholders' Meeting of H&R AG can be reviewed from the date of its publication in the Federal Gazette (Bundesanzeiger) and at http://hur.com under the category H&R AG - Investor Relations - Annual Shareholders' Meeting.

- End of the ad-hoc announcement -

Salzbergen, 4 April 2016

H&R Aktiengesellschaft

The Executive Board

Contact information: H&R AG, Investor Relations/Communications, Ties Kaiser Neuenkirchener Strasse 8, 48499 Salzbergen Tel.: +49 40 43218-321, Fax: +49 40 43218-390 E-mail: Ties.Kaiser@hur.com www.hur.com

H&R AG: H&R AG is a specialty-chemicals company listed on the Frankfurt Stock Exchange's Prime Standard segment. It develops and manufactures crude-oil-based chemical and pharmaceutical specialty products and produces high-precision plastic parts.

Forward-looking statements and forecasts: This ad-hoc notification contains forward-looking statements. These statements are based on current estimates and forecasts made by the Executive Board and the information available to the Board at this time. Forward-looking statements should not be interpreted as guarantees that the projected future developments and results will materialise. Future developments and results are dependent on a range of factors. They comprise various risks and imponderables and rest on assumptions which may prove incorrect. We do not accept any obligation to update the forward-looking statements made in this ad-hoc communication.

04.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: H&R Aktiengesellschaft Neuenkirchener Str. 8 48499 Salzbergen Germany Phone: +49 (0)40 43 218 321 Fax: +49 (0)40 43 218 390 E-mail: investor.relations@hur.com Internet: www.hur.com ISIN: DE0007757007 WKN: 775700 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------