Ad hoc: Jerini AG: Management Board and Supervisory Board Decide to Wind Down the Operations of Jerini Ophthalmic, Inc.
BERLIN, April 24, 2009 - Jerini AG's Supervisory Board approved today the Management Board's decision of today to wind down the operations of Jerini Ophthalmic, Inc., New York, USA, a subsidiary of Jerini AG. The decision was taken following unsuccessful efforts to find an investor for the sale of Jerini Ophthalmic, Inc. Given the substantial investments required and the Company's interests, a continuation of Jerini Ophthalmic, Inc.'s operations would be unjustified. The decision to wind down the operations of Jerini Ophthalmic, Inc. is expected to entail impairments of investments on the level of Jerini AG of up to EUR 6.8 million. The costs of closing the operations of Jerini Ophthalmic, Inc. are presently expected to amount to approximately EUR 1.4 million.
Jerini AG The Management Board
ISIN: DE0006787476 WKN: 678 747 Regulated Market / Prime Standard; Frankfurt Stock Exchange, Germany Registered Office: Berlin, Germany
For questions, please contact: Stacy Wiedenmann Director Investor Relations & Corporate Communications Jerini AG Invalidenstr. 130 10115 Berlin T + 49 - 30 - 97893 - 285 X + 49 - 30 - 97893 - 599 email@example.com
Posted: April 2009