Airopack Technology Group AG: Update on Enforcement of Pledge over Shares in I.P.S.B.V. Freitag, 08. März 2019 - 11:22

Airopack Technology Group AG / Key word(s): Financing
Airopack Technology Group AG: Update on Enforcement of Pledge over Shares in
I.P.S.B.V.

08-March-2019 / 11:22 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 - Update on Enforcement of Pledge over Shares in
I.P.S.B.V.

Baar, 8 March 2019 - Airopack Technology Group AG ("Airopack") announced
today that the Dutch court has granted permission for the enforcement of the
pledge over the shares in its indirect Dutch subsidiary I.P.S. B.V. as
requested by the major lenders. The court further declared that today's
decision is immediately enforceable notwithstanding appeal. Under Dutch
procedural laws, an appeal of such a decision is only possible in
extraordinary circumstances. Accordingly and as anticipated in the press
release dated 14 February 2019, Airopack Technology Group AG and its direct
subsidiary I.P.S. Holding B.V. will now be separated from the operating
subsidiaries of Airopack Group. Based on the valuation of the operating
subsidiaries as approved by the Dutch court, the pledgor I.P.S. Holding B.V.
will not receive any proceeds from the enforcement and guarantee liabilities
remain outstanding towards the major lenders by Airopack Technology Group AG
and I.P.S. Holding B.V.

Airopack is continuing discussions with major lenders to seek a full release
of such guarantee liabilities which is an important element in Airopack's
efforts to exit the provisional composition moratorium.

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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