Brief: Lloyd Fonds: negotiations concerning premature exit of CEO

Laiqon AG

13/12/2017 06:25

Dec 13 (Reuters) - Lloyd Fonds AG  L1OGk.DE : 
    * SAID ON TUESDAY, ON DEC. 10, SUPERVISORY BOARD OF ADOPTED 
A 
RESOLUTION TO COMMENCE NEGOTIATIONS WITH CHIEF EXECUTIVE 
OFFICER, TORSTEN TEICHERT, CONCERNING PREMATURE TERMINATION OF 
HIS ACTIVITIES ON MANAGEMENT BOARD 
    * THE PARTIES ARE STRIVING FOR AN AMICABLE TERMINATION 
EFFECTIVE 
DECEMBER 31, 2017 OF TEICHERT'S SERVICE CONTRACT, WHICH 
ORDINARILY EXPIRES ON JUNE 30, 2019 
    * AS EARNINGS FOR 2017 WILL BE REDUCED BY A SUM IN THE MID 
TO HIGH 
SIX DIGITS AS A RESULT OF THIS, EARNINGS GUIDANCE OF AROUND EUR 
2 MILLION WILL NOW PROBABLY NOT BE ACHIEVED 
    * AFTER TEICHERT'S EXIT, HIS DUTIES WILL BE PERFORMED BY 
KLAUS M. 
PINTER, THE OTHER MEMBER OF THE MANAGEMENT BOARD 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQbk582sa 
     
 Further company coverage:  L1OGk.DE   
    
 
 
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