04-02-2013 SGL Group: Board of Management and Senior Management buy SGL shares worth 3.6 million Wiesbaden, April 2, 2013. In the past few days, the Board of Management and Senior Management of SGL Group - The Carbon Company acquired at the relevant current market price a total of 115,569 shares of the company worth 3.6 million.
All members of the Board of Management together bought a total of 43,988 shares worth 1.36 million while Senior Management bought 71,581 shares worth 2.2 million with their own funds. SGL Group's Board of Management and the Senior Management consists of approximately 200 people.
The purpose of the multiyear equity-based incentive programs is to encourage the Top Management to contribute to the sustainable development of the company and promote its long-term success. Within the Matching Share Plan, SGL Group offers it's Management the option of having parts of their annual bonus invested in company shares or paid out in cash.
About SGL Group The Carbon Company SGL Group is one of the world's leading manufacturers of carbon-based products and materials. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group's core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group's carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, there is a growing demand for SGL Group's high-performance materials and products. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semiconductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.
With 47 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2012, the Company's workforce of around 6,700 employees generated sales of 1,709 million. The Company's head office is located in Wiesbaden.
Further information on the SGL Group can be found online at: www.sglgroup.com
Important note: This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to
technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.
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04-02-2013 SGL Group: Board of Management and Senior Management buy SGL shares worth 3.6 million Wiesbaden, April 2, 2013. In the past few days, the Board of Management and Senior Management of SGL Group - The Carbon Company acquired at the relevant current market price a total of 115,569 shares of the company worth 3.6 million.
