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Turbon AG, DE0007504508

Turbon AG, DE0007504508

15.09.2020 - 11:05:51

Turbon AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Mr Holger Stabenau, Germany informed us on September 15, 2020 pursuant to Art. 43(1) WpHG thereby making reference to the exceedance of the threshold of 10% or a higher threshold from August 20, 2020 , as follows:The investment is used to implement strategic objectives. The reporting person does not intend to obtain further voting rights by acquisition or any other way. The reporting person does intend to influence the composition of the issuers' administration, management or supervisory board. The reporting person does not intend to change the capital structure of the company, especially with regards to the ratio of internal/outside financing and the dividend policy. Concerning the source of funds, the capital is financed by 100% through borrowed funds with which the reporting person needs to finance the acquisition of the voting rights.

15.09.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Turbon AG Am Walzwerk 25 45527 Hattingen

Germany Internet: http://www.turbon.de ? End of News DGAP News Service

1131691??15.09.2020?

@ dgap.de