|High / Low range:||0.03|
EQS-Adhoc: Airopack Technology Group AG: Cantonal Court of Zug grants Provisional Moratorium; Major Lenders have initiated
EQS Group-Ad-hoc: Airopack Technology Group AG / Key
Airopack Technology Group - Cantonal Court of Zug grants Provisional Moratorium; Major Lenders have initiated Enforcement of Security
Baar, 12 February 2019 - Airopack Technology Group AG ("Airopack") announced today that in its decision dated 12 February 2019, the Cantonal Court of Zug has granted Airopack's request for a provisional composition moratorium (provisorische Nachlassstundung) of an initial duration of two months and has appointed Dr Daniel Hunkeler, Baur Hürlimann AG, as provisional administrator.
Airopack has now also been served with a notice that based on the continuing events of default under the Facilities Agreement the major lenders have initiated steps to enforce the pledges and other security interests granted by members of the Airopack Group. Airopack has anticipated this step in its press release dated 11 February 2019.
The board of directors will provide further updates as needed.
Blegistrasse 5/1 OG
Daniel Eicher / Theresia Tolxdorff
End of ad hoc announcement
|Company:||Airopack Technology Group AG|
|Listed:||SIX Swiss Exchange|
|End of Announcement||EQS Group News Service|
774791 12-Feb-2019 CET/CEST
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