04.04.2017 - 18:24:46

UNIWHEELS AG: UNIWHEELS AG shifts annual shareholders' meeting to August 1, 2017

UNIWHEELS AG shifts annual shareholders' meeting to August 1, 2017 Bad Dürkheim, 4th April, 2017: Following the publication of the tender offer document by Superior Industries International AG, a wholly-owned subsidiary of Superior Industries International Inc., on March 23, 2017 regarding a cash tender offer to all shareholders of UNIWHEELS AG, the Company's Executive Board has resolved, with the approval of the Company's Supervisory Board, to shift the Company's annual shareholders' meeting from the initially communicated date of May 30, 2017 to August 1, 2017.

In connection with Superior Industries International AG's tender offer to acquire 100% of the Company's shares, the Company has learned that two members of the Company's Supervisory Board (including the current chairman of the Supervisory Board who would normally chair the Company's annual shareholders' meeting) will step down from their office as members of the Company's Supervisory Board once the tender offer has successfully been closed; and that there can therefore be no certainty that the Company will be in a position to replace these two members of the Supervisory Board in a timely manner by court decision for the new members of the Supervisory Board to be able to participate in the Company's annual shareholders' meeting. Furthermore, since the initially envisaged record date for the annual shareholders' meeting to take place on May 30, 2017 would fall on May 9, 2017, this could result in a situation where certain persons or entities voting on the annual shareholders' meeting would not be the Company's shareholder at the time of the shareholders' meeting.

Against this backdrop, the change of the date of the annual shareholders' meeting is intended to ensure an efficient organization and execution of the annual shareholders' meeting. In addition, the new date of the Company's annual shareholders' meeting would also allow any potential new shareholders to register for the meeting after settlement of the tender offer.

As of today, the Company currently does not expect the tender offer to have any other impact on the agenda of the annual shareholders' meeting. The Company's Executive Board maintains its dividend proposal but advises the Company's shareholders that the decision about a dividend payment will actually be taken by the Company's annual shareholders' meeting on August 1, 2017.

As agreed with Superior, the Company's Executive Board continues to support the tender offer and expects to recommend to its shareholders to accept the tender offer in its reasoned statement in accordance with Article 80 of the Polish Public Offerings Act, which is expected to be published on or around April 10, 2017 (subject to potential changes to the offer document required by the competent authorities which may also postpone the publication of the reasoned statement). "The combination brings together highly complementary product technologies and manufacturing processes, creating global scale and positioning the business for profitable and sustainable growth. The combination of UNIWHEELS' and Superior's management teams as well as their workforce and operations will strengthen relationships with OEMs throughout the world," added Dr. Thomas Buchholz, Chief Executive Officer and Chairman of UNIWHEELS' Executive Board. The tender offer document and other reports and notifications relating to the tender offer are available on UNIWHEELS website at www.uniwheels.com/uwag/en/home/investor-relations/tender-offer-by-superior-industries-international-inc/



The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels for cars in Europe and is one of the few technology leaders worldwide in the aluminum wheel industry.

UNIWHEELS is the third largest European supplier of OEM wheels for the automotive industry as well as the market-leading manufacturer of alloy wheels for the accessories market (AM) in Europe. Well-known Group brands include ATS, RIAL, ALUTEC and ANZIO. The Group currently has four production plants, three of which are in Poland (Stalowa Wola) and one in Germany (Werdohl).

UNIWHEELS sees itself as one of the leading partners of the automotive industry for the optimum reduction of CO2 emissions by reducing the weight of alloy wheels. As well as weight-optimized construction methods, the following procedures are primarily used: Flow Forming, Lightforming, undercutting and forging.

In 2016 UNIWHEELS Group had with a sales volume of 8.8 million wheels EUR 464.1 million of revenues and an EBITDA of EUR 70.2 million. 2,918 employees worked for the Group.

Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock Exchange. The UNIWHEELS stock is floated under security identification number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.

For more information please contact:

Oliver Madsen Head of Investor Relations and Group PR Email: o.madsen@de.uniwheels.com UNIWHEELS AG Gustav-Kirchhoff-Str. 10 67098 Bad Dürkheim Germany

04.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: UNIWHEELS AG Gustav-Kirchhoff-Straße 10 67098 Bad Dürkheim

Germany Phone: +49 (0)6322 9899 - 6400 Fax: +49 (0)6322 9899 - 6401 Internet: www.uniwheels.com ISIN: DE000A13STW4 WKN: A13STW Listed: Regulated Unofficial Market in Berlin; Open Market in Frankfurt   End of News DGAP News Service

561959  04.04.2017 

@ dgap.de

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