DGAP-Ad-hoc: Diebold Nixdorf, Incorporated / Key word(s): Disposal
Diebold Nixdorf divests a German Subsidiary
17-Jan-2020 / 23:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Diebold Nixdorf, Incorporated North Canton, Ohio, United States of America
Public Disclosure of Inside Information pursuant to Article 17 Regulation (EU) No 596/2014
January 17, 2020 - North Canton, Ohio, United States of America - Today, through a wholly owned indirect subsidiary, Diebold Nixdorf, Incorporated (the "Company") has signed a binding agreement with DATAGROUP SE (Frankfurt Stock Exchange: D6H) on the sale of its majority stake (68%) in Diebold Nixdorf Portavis GmbH ("Portavis"). Portavis provides application management and information technology (IT) infrastructure outsourcing solutions to certain financial institutions in Germany. The parties agreed not to disclose the purchase price. The transaction is subject to antitrust clearance under German law. As part of the transaction, the selling subsidiary will repay certain cash pool loans it has received from Portavis.
North Canton, January 17, 2020 Diebold Nixdorf, Incorporated
Notifying Person: Stephen A. Virostek Vice President, Investor Relations Telephone +1 (330) 490-6319 Facsimile +1 (330) 490-3794 firstname.lastname@example.org
Forward-Looking Statements This ad hoc notice contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated adjusted revenue growth, adjusted internal revenue growth. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "could," "should" or words of similar meaning. Statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may affect the Company's results include, among others: the ultimate impact of the appraisal proceedings initiated in connection with the implementation of the domination and profit and loss transfer agreement with Diebold Nixdorf AG and the merger squeeze-out of the remaining shareholders of Diebold Nixdorf AG; the ultimate outcome and results of integrating the operations of the Company and former Diebold Nixdorf AG; the changes in political, economic or other factors such as interest rates, currency exchange rates, inflation rates, recessionary or expansive trends, taxes and regulations and laws affecting the worldwide business in each of the Company's operations; the Company's reliance on suppliers and any potential disruption to the Company's global supply chain; changes in the Company's relationships with customers, suppliers, distributors and/or partners in its business ventures; the impact of market and economic conditions on the financial services and retail industries, including any additional deterioration and disruption in the financial and service markets, including the bankruptcies, restructurings or consolidations of financial institutions, which could reduce the Company's customer base and/or adversely affect the Company's customers' ability to make capital expenditures, as well as adversely impact the availability and cost of credit; the acceptance of the Company's product and technology introductions in the marketplace; the capacity of the Company's technology to keep pace with a rapidly evolving marketplace; competitive pressures, including pricing pressures and technological developments; the effect of legislative and regulatory actions in the United States and internationally; the Company's ability to comply with government regulations; the impact of a security breach or operational failure on the Company's business; the Company's ability to achieve benefits from its cost-reduction initiatives and other strategic initiatives, such as DN Now, including its planned restructuring actions, as well as its business process outsourcing initiative; unanticipated litigation, claims or assessments, as well as the outcome/impact of any current/pending litigation, claims or assessments; the Company's success in divesting, reorganizing or exiting non-core and/or non-accretive businesses; changes in the Company's intention to further repatriate cash and cash equivalents and short-term investments residing in international tax jurisdictions, which could negatively impact foreign and domestic taxes; the Company's ability to maintain effective internal controls; the Company's ability to comply with covenants contained in the agreements governing its debt; the investment performance of the Company's pension plan assets, which could require the Company to increase its pension contributions, and significant changes in healthcare costs, including those that may result from government action; the amount and timing of repurchases of the Company's common shares, if any; the Company's ability to successfully refinance its debt when necessary or desirable; and other factors included in the Company's filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2018 and in other documents that the Company files with the SEC. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. The Company assumes no obligation to update any forward-looking statements, which speak only to the date of this ad hoc notice.
17-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
|Company:||Diebold Nixdorf, Incorporated|
|5995 Mayfair Road|
|44720 North Canton, OH|
|Phone:||+1 330 490 6046|
|Fax:||+1 330 490 4450|
|Listed:||Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; NYSE|
|EQS News ID:||956407|
|End of Announcement||DGAP News Service|