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 [1]
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
*The Company*
Airopack Technology Group AG is a leading developer and supplier
of mechanical and pressure-controlled dispensing packaging
technologies and systems for manufacturers and suppliers of
cosmetics, body care, pharmaceutical and food products. The
revolutionary and worldwide and solely by ATG patented
Airopack(R) technology offers a safe, all-plastic pressurized
dispenser that is environmentally and planet friendly
Airopack Technology Group operates a Airopack Ready to Fill
manufacturing facility in Waalwijk, The Netherlands and a
Full-Service Filling operation in Heist-op-den-Berg Belgium
(Airosolutions) as well as a manufacturing plant for filling
equipment in Houten, The Netherlands (Airofiller Equipment
Solutions), The Global Research and Development Team, the
Airopack Global Management and Customer Service Organisation are
located in Waalwijk, The Netherlands.
The shares of the company are listed on the Swiss Reporting
Standard of the SIX Swiss Exchange since 2010. (Ticker: AIRN /
ISIN: CH0242606942).
*Disclaimer*
This Ad Hoc Release / Press Release may contain certain
forward-looking statements. In some cases forward looking
statements can be identified by the use of terms such as
"believes", "enables", "estimates", "anticipates", "projects",
"expects", "intends", "may", "will", "seeks" or "should" or
variations thereof, or by discussions of strategy, plans,
objectives, goals, future events or intentions. By their nature,
forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances.
Actual outcomes and results may differ materially from any
outcomes or results expressed or implied by such forward-looking
statements. The success or achievement of various results,
targets and objectives is dependent upon a multitude of factors,
many of which are beyond the control of Airopack. No
representations are made as to the accuracy of such statements
or that such results, targets or objectives will be realized.
www.airopackgroup.com
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
775807 14-Feb-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=26ec27d0679301fe63ce8a1daf26a8df&application_id=775807&site_id=vwd&application_name=news
(END) Dow Jones Newswires
February 14, 2019 00:51 ET (05:51 GMT)
