EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s):
Delisting/Personnel
Airopack Technology Group AG: Changes to the Senior Management; Intention to
delist Airopack's shares from SIX Swiss Exchange
24-May-2019 / 06:52 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 - Changes to the Senior Management; Intention to
delist Airopack's shares from SIX Swiss Exchange
- *Mr. Jean-Baptiste Lucas resigns with immediate effect as CEO of Airopack
Technology Group AG; however remains CEO of the operating companies taken
over by the major lender; *
*- Mr. Emmanuel Walter, CFO ad interim, has agreed with the Board of
Directors that he will resign directly after the finalization of Airopack's
2018 annual report *
*- Airopack further announces its intention of a delisting of all its shares
from SIX Swiss Exchange*
*Baar, 24 May 2019* - Airopack Technology Group AG ("*Airopack*") announces
today that its CEO, Mr. Jean-Baptiste Lucas, resigns with immediate effect
as CEO of Airopack; Mr. Lucas shall remain the CEO of the operating
companies taken over by the major lender. Mr. Lucas took over the position
as CEO of Airopack on 28 January 2019. In addition, the Board of Directors
of Airopack has agreed with Mr. Emmanuel Walter, CFO ad interim since
December 2018, that he will resign directly after the finalization of
Airopack's 2018 annual report to pursue new business opportunities outside
the group. Airopack previously received an extension from SIX Swiss Exchange
for the publication of the 2018 annual report until 1 July 2019 at the
latest (see press release dated 30 April 2019).
The Board of Directors of Airopack thanks Messrs Lucas and Walter for their
valuable contributions and wishes them all the best for their personal and
professional future.
Since the granting of the provisional moratorium by the cantonal court of
Zug and related enforcement actions by the creditors of the Airopack group,
which resulted in the separation of Airopack and its direct subsidiary
I.P.S. Holding B.V. from the operating subsidiaries (see press release dated
8 March 2019), Airopack's Board of Directors has been evaluating options and
opportunities for its future business operations. To this date, no such
business proposition has materialized. Therefore, Airopack's Board of
Directors has decided, after consultation with the court-appointed
administrator, not to replace the CEO and CFO positions. To the extent
required given the current circumstances, Mr. Antoine Kohler, sole member of
the Board of Directors, will assume the relevant responsibilities.
In addition, the Board of Directors of Airopack has resolved today to delist
all shares of Airopack from SIX Swiss Exchange. Airopack will file a
corresponding application with SIX Swiss Exchange in the coming days and
will inform about the outcome of such delisting application in due course.
The Board of Directors, in consultation with the court-appointed
administrator, will continue the planning on how to settle its liabilities
to creditors and to eventually exit the composition moratorium.
*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
*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
EQS News ID: 815463
End of Announcement EQS Group News Service
815463 24-May-2019 CET/CEST
(END) Dow Jones Newswires
May 24, 2019 00:52 ET (04:52 GMT)
