Airopack Technology Group AG: Cantonal Court of Zug grants Provisional Moratorium; Major Lenders have initiated Dienstag, 12. Februar 2019 - 07:06

Airopack Technology Group AG / Key word(s): Financing
Airopack Technology Group AG: Cantonal Court of Zug grants Provisional
Moratorium; Major Lenders have initiated

12-Feb-2019 / 07:05 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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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.

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

   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


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End of ad hoc announcement

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