18.07.2013 Ming Le Sports AG  DE000A1MBEG8

DGAP-Adhoc: Ming Le Sports AG: Lock-up agreement with CEO and major shareholder Siliang Ding for two years


 
Ming Le Sports AG / Key word(s): Disposal 18.07.2013 10:08 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Frankfurt, 18 July 2013 - As announced previously, the CEO and major shareholder of Ming Le Sports AG, Mr. Siliang Ding, has sold a part of his stake in Ming Le Sports AG, a rapidly growing branded sportswear company in China. The total number of shares sold amounted to 2,316,600. These transactions partially contributed to increase the free float and liquidity of the Ming Le shares. With effect from July 18, 2013, Mr. Ding has committed himself to a lock-up period for his total current stake of Ming Le shares (8,258,400 shares), which still represents 53.5 per cent of the total share capital of Ming Le Sports AG. The lock-up agreement between Mr. Ding and the company has a duration of two years and will end on July 18, 2015. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About Ming Le Sports AG Ming Le Sports AG is a rapidly growing branded sportswear company in China targeting 16 to 35-year-old men and women who lead an urban, vibrant and active lifestyle. Ming Le's products include footwear, apparel, accessories and equipment. The company strives to offer comfortable, fashionable and affordable lifestyle and leisure sportswear. Ming Le designs its own products and manufactures them at Ming Le's facilities or through contract manufacturers. Ming Le markets and sells its products through a network of 26 distributors with over 3,900 retail outlets in China. At present, Ming Le has 1,348 employees. For further information, please contact: Kirchhoff Consult AG Dr. Kay Baden Tel: +49(0) 40 609 186 39 Mail: [email protected] Or visit http://www.mingle-sportswear.com 18.07.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Ming Le Sports AG Westhafenplatz 1 60327 Frankfurt am Main Germany Phone: Fax: E-mail: Internet: www.mingle.cn ISIN: DE000A1MBEG8 WKN: A1MBEG Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf End of Announcement DGAP News-Service ---------------------------------------------------------------------------