10.03.2017 ROY Ceramics SE  DE000RYSE888

DGAP-Adhoc: ROY Ceramics SE: Depreciation of the carrying amount of property, plant and equipment


 
DGAP-Ad-hoc: ROY Ceramics SE / Key word(s): Miscellaneous ROY Ceramics SE: Depreciation of the carrying amount of property, plant and equipment 10-March-2017 / 15:54 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- AD HOC ANNOUNCEMENT ROY CERAMICS SE We have now started to demolish some of the factory buildings at the old production facility in Beijing, China. An independent professional valuer of ceramics manufacturing plant and machinery has been appointed to assess the condition and suitability of all equipment on the Beijing site for shipment to either an OEM production facility in Thailand or to the USA for future use in the new production facility to be located in Houston, Texas. As it has been determined that some of the equipment can not be shipped to Thailand or USA for use in these locations certain items will have to be disposed of in order to clear the site. This has necessitated a write down of c. Euros 9.5 Million in the book value of the Group's plant and machinery which is subject to review by the Group's auditors. ROY CERAMICS SE 10TH MARCH 2017 Contact: Siegfried Lee Managing Director ROY Ceramics SE Bockenheimer Landstr. 17/19 60325 Frankfurt am Main Tel. +49 (0)69 710455155 Fax +49 (0)69 710455450 --------------------------------------------------------------------------- 10-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: ROY Ceramics SE Bockenheimer Landstr. 17/19 60325 Frankfurt/Main Germany Phone: +49 (0) 69 710455155 Fax: +49 (0)69 710455450 E-mail: [email protected] Internet: www.royceramics.de ISIN: DE000RYSE888 WKN: RYSE88 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart; Wien (Dritter Markt (MTF) / Third Market (MTF)) End of Announcement DGAP News Service --------------------------------------------------------------------------- 553103 10-March-2017 CET/CEST