Reebok 2009 Annual Report Download - page 214

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210 CONSOLIDATED FINANCIAL STATEMENTS Notes
Information relating to the German Corporate Governance Code 40
Information pursuant to § 161 German Stock Corporation Act (AktG) Information pursuant to § 161 German Stock Corporation Act (AktG)
On February 11, 2010, the Executive Board and Supervisory Board of adidas AG issued the updated
declaration of conformity in accordance with § 161 of the Stock Corporation Act (AktG). The full
text of the Declaration of Compliance is available on the Group’s corporate website.
Events after the balance sheet date 41
Group-specific subsequent events Group-specific subsequent events
Memorandum of Understanding signed with Pou Sheng International (Holdings) Limited
In January 2010, adidas (China) Ltd. signed a Memorandum of Understanding for the business
activities of the Reebok brand in China with the Chinese sporting goods retailer Pou Sheng
International (Holdings) Limited. Both parties intend to enter into an agreement under which
Pou Sheng will co-design, manufacture and become key distributor of Reebok branded footwear
and apparel in China. A final agreement is expected to be reached in the second quarter of 2010.
Lawsuit settled
In January, adidas Group settled a lawsuit. The settlement will have a positive low-double-digit
million euro impact on the Group’s financial results in 2010.
Trademark divested
In January, adidas Group sold a trademark. The divestiture will have a positive low-double-digit
million euro impact on the Group’s financial results in 2010.
Date of authorisation for issue Date of authorisation for issue
The Executive Board of adidas AG approved the consolidated financial statements for submission
to the Supervisory Board on February 19, 2010. It is the Supervisory Board’s task to examine the
consolidated financial statements and give their approval and authorisation for issue.
Herzogenaurach, February 19, 2010
The Executive Board of adidas AG