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SGL CARBON SE: Termination of a heritable building right to a non-operating property

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SGL CARBON SE / Key word(s): Miscellaneous
SGL CARBON SE: Termination of a heritable building right to a non-operating property

30-March-2022 / 15:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Termination of a heritable building right to a non-operating property

Wiesbaden, March 30, 2022. SGL Carbon SE today signed an agreement on the cancellation of its existing heritable building right on a non-operational property at the former Frankfurt-Griesheim site with Clariant Produkte (Deutschland) GmbH as owner of the site and a joint project company of Swiss Life Asset Managers and BEOS AG. In addition to the cancellation of the heritable building right, the agreement provides for various responsibilities of the companies involved, including the clearing of the land and the dismantling of the facilities. The former Frankfurt-Griesheim site was already decommissioned in 2016.

The settlement of the termination agreement will result in a positive one-off balance sheet effect for SGL Carbon SE in 2022 totaling approximately €27 million due to the reversal of provisions and liabilities and the mutual payment obligations, as well as a cash outflow for the dismantling of the facilities of approximately €6 million over the next three to four years. In return, the previous burden from the leasehold of around €1 million per year will no longer apply. The cancellation of the hereditary building lease will take effect upon entry in the land register, which is expected to take place in the course of the year.

The forecast for fiscal year 2022 given on March 24, 2022 will not be affected by the cancellation of the heritable building right.




Information and Explanation of the Issuer to this News:

Important note:
To the extent that our press release contains forward-looking statements, the latter are based on information that is available at present and on our current forecasts and assumptions. Forward-looking statements, by their very nature, entail known as well as unknown risks and uncertainties that may lead to actual developments and events differing substantially from the forward-looking assessments. Forward-looking statements must not be understood to be guarantees. Instead, future developments and events depend on a large number of factors; they comprise various risks and imponderables and are based on assumptions that may possibly turn out not to be appropriate. These include unforeseeable changes to fundamental political, economic, legal and societal conditions, particularly in the context of our main customers' industries, the competitive situation, interest and exchange rate trends, technological developments as well as other risks and uncertainties. We perceive additional risks e.g. in pricing developments, unforeseeable events in the environment of companies acquired and Group member companies as well as in current cost savings programs from time to time. The SGL Carbon assumes no obligation and does not intend to adjust or otherwise update these forward-looking statements either.

30-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

SGL CARBON SE

Söhnleinstraße 8

65201 Wiesbaden

Germany

Phone:

+49 (0)611 6029 - 0

Fax:

+49 (0)611 6029 - 101

E-mail:

investor-relations@sglcarbon.com

Internet:

www.sglcarbon.com

ISIN:

DE0007235301, DE000A2G8VX7

WKN:

723530, A2G8VX7

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1315769


 

End of Announcement

DGAP News Service

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