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) Donnerstag, 14. Februar 2019 - 06:51

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.

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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.


Airopack further 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

   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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