Resignation from the Supervisory Board of the KAP Beteiligungs-AG

Mr. Werner Ritzi, a member of the Supervisory Board, informed us on 18.12.2016 that he would be resigning from his position on the Supervisory Board of the KAP Beteiligungs-AG, Fulda, with good cause, with effect from the time of the conclusion of  the  purchase  agreement of 17 November, 2016, between Daun & Cie., Rastede, SvR Capital GmbH and  the Project Diamant Bidco AG (formerly Blitz F16-592 AG), Frankfurt on Main, regarding the sale and the disposal of 53% of the shares issued by the KAP Beteiligungs-AG.

The reason for his resignation is due, firstly, to a fundamental change to the shareholders’ structure which results from the conclusion of the sale, and secondly due to the resignation     of the Chairman of the Supervisory Board with effect from the conclusion of the sales agreement. In order to ensure that the phase of absence of quorum is kept as short as  possible in the interests of the company, his resignation will only come into effect upon conclusion of the sale, because two suitable candidates are available for  judicial  appointment, according to § 104 Paragraph 1, of the Stock Corporation Act.

Fulda, 20 December 2016

KAP Beteiligungs-AG

Dr Stefan Geyler André Wehrhahn
Vorstand Vorstand