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David Hersh resigns from the Supervisory Board
David Hersh, member of the Supervisory Board of Gigaset AG, has resigned his seat on it effective midnight on December 2, 2014. The elected substitute member Ulrich Burkhardt will replace him effective December 3, 2014.
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CFO Dr. Alexander Blum to leave Gigaset at the end of the year
Dr. Alexander Blum, the Chief Financial Officer of Gigaset AG, today informed the Supervisory Board that he will terminate his contract of employment by the due date effective December 31, 2014. Dr. Blum will fully discharge his duties until the end of the year so that a successor can be appointed and become familiarized with the tasks.
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Gigaset resolves upon issuance of new shares and convertible bonds with subscription rights
Gigaset AG (ISIN DE0005156004) resolved today to increase its share capital by way of a rights offering of shares and to issue a new convertible bond.
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Gigaset AG: Court ruling reduces cartel fine by EUR 1m
In a decision published today, the European Court of First Instance partly followed the legal opinion of Gigaset AG (previously trading under Arques Industries AG) and reduced the fine imposed on the company by the European Commission in its 2009 SKW case by EUR 1m. Gigaset's further claims were dismissed.
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Gigaset: 70% success in Evonik lawsuit
Result within accruals
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Capital increase and convertible bonds successfully placed - Gigaset receives EUR 42,9 m in equity - conditions for placement of rump shares to backstop investor are met
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
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Lawsuit with Sommer administratior amicably settled
Gigaset AG as defendant and the insolvency administrator appointed over Sommer Road Cargo Solutions GmbH & Co. KG ("Sommer") as claimant have today amicably settled their lawsuit which was pending from January 2013.
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Capital increase out of authorized capital and issuance of convertible bond - backstop investor available subject to condition that investor achieves 30% of share capital – takeover bid expected
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
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Gigaset obtains 10.4 million EUR financing commitment
Gigaset Communications GmbH, an affiliate of Gigaset AG, has today entered into a EUR 10.4 million bridge financing agreement with a syndicate led by Deutsche Bank AG.
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Ad hoc release: Member of Gigaset AG Supervisory Board resigns for personal reasons
The Executive Board of Gigaset AG has been informed today that Dr. Dr. Peter Löw will resign from his position as Member of the Supervisory Board for personal reasons.
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