DGAP-Stimmrechtsanteile: Manz AG

DGAP-PVR: Manz AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Manz AG

08.06.2016 11:56

Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

On 23 May 2016, The People's Republic of China, acting through the State- owned Asset Supervision and Administration Commission (SASAC) of Shanghai People's Government of the People's Republic of China, Shanghai Municipality/People's Republic of China in its own name and - pursuant to § 24 WpHG - on behalf of

(i) State-owned Asset Supervision and Administration Commission (SASAC) of Shanghai People's Government of the People's Republic of China, Shanghai Municipality/People's Republic of China

(ii) Shanghai Electric (Group) Corporation, Shanghai/People's Republic of China;

(iii) Shanghai Electric Group Company Limited, Shanghai/People's Republic of China,

(iv) Shanghai Electric Hongkong Co. Limited, Hong Kong/Hong Kong Special Administrative Region of the People's Republic of China; and

(v) Shanghai Electric Germany Holding GmbH, Frankfurt am Main/Germany;

(collectively, the 'Notifying Parties')

has notified Manz AG pursuant to § 21 para. 1 WpHG that the number of voting rights in Manz AG (the 'Company') directly held by Shanghai Electric Germany Holding GmbH, Frankfurt am Main/Germany, which are attributed to the other entities listed above pursuant to § 22 para. 1 sentence 1 no. 1 WpHG, has crossed the tresholds of 3, 5, 10 and 15% on 23 May 2016 and on that day amounted to 19.67% (equaling 1,523,480 voting rights).

Against this background, the Notifying Parties informed on 3 June 2016 Manz AG pursuant to Section 27a para. 1 WpHG as follows:

1. Objectives of the investment (Section 27a para. 1 sentence 3 WpHG)

1.1 The investment is aimed at implementing strategic objectives.

1.2 The Notifying Parties intend to acquire further voting rights in the Company within the next twelve months, depending on the market development and the Company's business development. As part of the investment and backstop agreement concluded between, inter alia, Manz AG, Mr. Dieter Manz and Shanghai Electric Group Co. Ltd, to which Shanghai Electric Germany Holding GmbH ('SEC GmbH') has acceeded, SEC GmbH can request to conclude a shareholders' agreement with Mr. Manz. If such shareholders' agreement would be concluded, SEC GmbH will likely gain control over Manz AG within the meaning of section 29 para. 1 of the German Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) and will be obliged to make a mandatory offer to the Company's shareholders to purchase their shares. Furthermore, SEC GmbH can request from Mr. Manz the transfer of as many shares as are required to reach a shareholding of 29.9% in the Company if a mandatory offer is not submitted within one year after the capital increase. If a mandatory offer is to be submitted and SEC has acquired a shareholding of less than 30.1% in the Company upon the completion of the mandatory offer, SEC GmbH can request from Mr. Manz the transfer of as many shares to SEC as are required to reach a shareholding of 30.1% in the Company.

1.3 The Notifying Parties intend to propose one candidate for the supervisory board of the Company to be elected by the next general shareholders' meeting of the Company. Other than that, the Notifying Parties currently do not intend to exercise influence on the appointment or removal of members of the administrative, managing and supervisory bodies of the Company other than by exercising the voting rights held by SEC GmbH in the ordinary course in elections of members of the supervisory board in the general meeting.

1.4 The Notifying Parties currently do not intend to change the Company's capital structure or dividend policy.

2. Source of the funding for the acquisition of voting rights (Section 27a para. 1 sentence 4 WpHG)

With regard to the origin of the funds used, the Notifying Parties declared that the transaction was financed by own funds provided by the Shanghai Electric group.



08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Manz AG Steigäckerstr. 5 72768 Reutlingen Germany Internet: http://www.manz.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------