Francotyp-Postalia plans to safeguard production on a sustainable basis at its Birkenwerder site
The German subsidiaries of Francotyp-Postalia Holding AG - Francotyp-Postalia GmbH and Francotyp-Postalia Vertrieb und Service GmbH - are informing the economic committee today about their concept to safeguard production on a sustainable basis at the Birkenwerder site near Berlin. In connection with plans to start production of the new Phoenix line in 2011, the above mentioned companies are planning wide-ranging restructuring of their business activities in the production area. Under consideration are the partial closure of various areas of production and other restructuring activities. These measures are necessary in order to ensure that production conditions at Birkenwerder match up to other locations considered in Asia, Europe or the USA on a sustained basis. Overall, the FP Group expects savings of over three million euros per year.
Francotyp-Postalia wishes to implement all measures in close consultation with its economic committee, works council, trade union representatives and those employees affected over the coming months. The measures are decisive in order to further safeguard the site and strengthen the financial and earnings power of the whole FP Group on a sustained basis.
This announcement does not constitute an offer to sell or the solicitation of an offer to purchase securities of Francotyp-Postalia Holding AG. The shares offered in connection with the initial public offering have already been allotted. This announcement may not be published, distributed or transmitted in the United States of America. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein in the United Statesof America. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States of America except pursuant to an exemption from the registration requirements of the Securities Act. This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. The information contained in this announcement is not for publication in the United States of America.
