10.03.2017
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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.
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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
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10-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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
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553103 10-March-2017 CET/CEST
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