| EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Capital Reorganisation Airopack Technology Group - Major Lenders initiate Enforcement of Pledge over Shares in I.P.S. B.V. - Intention to rescale production site in Waalwijk (NL) 14-Feb-2019 / 06:51 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this announcement. Airopack Technology Group - Major Lenders initiate Enforcement of Pledge over Shares in I.P.S. B.V. - Intention to rescale production site in Waalwijk (NL)
Baar, 14 February 2019 - Airopack Technology Group AG ("Airopack") announced today that it has been notified by the major lenders that, as part of the enforcement steps undertaken by the major lenders (see press release of 12 February 2019), a court proceeding has been commenced in the Netherlands to enforce the pledge over the shares in I.P.S. B.V. which was granted by I.P.S. Holding B.V. In connection with certain ancillary enforcement steps undertaken by the major lenders and if approved by the court, this would have the effect to separate Airopack Technology Group AG and its direct subsidiary I.P.S. Holding B.V. from the operating subsidiaries of Airopack Group. If the enforcement will be approved by the Dutch court as requested by the major lenders, the pledgor I.P.S. Holding B.V. may not expect to receive any proceeds from the enforcement and there may still be guarantee liabilities outstanding towards the major lenders by Airopack Technology Group AG and I.P.S. Holding B.V. Airopackfurther announced that Airopack B.V. has the intention to reorganise its manufacturing site in Waalwijk (NL) to optimise the factory and reduce future operating costs. Based on a new business plan and sales assumptions that Airopack's new management team have developed, the existing manufacturing capacities at the Waalwijk factory will be rescaled. Contacts: Airopack Technology Group AG Antoine Kohler, Chairman Blegistrasse 5/1 OG CH-6340 Baar TF: +41 41 768 50 50 www.airopackgroup.com For investors: Airopack Technology Group AG Martin Eberhard martin.eberhard@rimesa.ch TF: +41 79 209 77 50 For media: Tolxdorff Eicher Kollektivgesellschaft Daniel Eicher / Theresia Tolxdorff partners@tolxdorffeicher.ch TF: +41 44 718 25 25
End of ad hoc announcement |
| Language: | English |
| Company: | Airopack Technology Group AG |
| Blegistrasse 5 | |
| 6340 Baar | |
| Switzerland | |
| Phone: | +41 417663500 |
| Fax: | +41 417663509 |
| E-mail: | liebwin.vanlil@airopackgroup.com |
| Internet: | www.airopackgroup.com |
| ISIN: | CH0242606942 |
| Listed: | SIX Swiss Exchange |
| End of Announcement | EQS Group News Service |
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775807 14-Feb-2019 CET/CEST
