DGAP-News: Gigaset repays all bank debts and completes extensive restructuring of its funding base

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| Source: EQS Group AG
DGAP-News: Gigaset AG / Key word(s): Capital Reorganisation
Gigaset repays all bank debts and completes extensive restructuring of
its funding base

24.07.2014 / 09:55

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Gigaset repays all bank debts and completes extensive restructuring of its
funding base

Munich, July 24, 2014 - Gigaset AG today repaid all its financial
liabilities, including all unpaid interest, totaling EUR25.0 million. This
was made possible by the proceeds from the capital measures that were
successfully placed recently and brought Gigaset in a net sum of EUR33.9
million. "The Gigaset Group is now completely free of financial debt and so
has a raft of new options to ensure that its growth strategy can be
financed further," says CFO Dr. Alexander Blum.

In addition, the company will save around EUR1.5 million a year in interest
payments. "We have succeeded in extensively restructuring the company's
funding base in the space of just twelve months," adds Blum. The recently
completed capital measures comprised the issue of new shares and
convertible bonds. The strategic investor Goldin Fund Pte. Ltd. from
Singapore had supported them up as backstop investor. The remainder of the
proceeds from the capital measures is to be used to expand business
further.

Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. The Company is Europe's market leader in DECT
telephones. The premium supplier is likewise the leader worldwide with
around 1,400 employees and sales activities in around 70 countries. Under
the name Gigaset pro, the company continues to develop and market
innovative business telephony solutions for small and medium-sized
enterprises. The company also operates in the smart home arena.
Cutting-edge, cloud-based products and solutions for the smart home are
developed and marketed under the name Gigaset elements.

Gigaset AG is listed on the Prime Standard of Deutsche Börse and is
therefore subject to the highest requirements for transparency. Its shares
are traded on the Frankfurt Stock Exchange under the symbol 'GGS' (ISIN:
DE0005156004).

Contact:
Gigaset AG
Stefan Zuber
Head of Corporate Communications &
Investor Relations
Phone: +49 0(89) 444 456 866
E-mail: info.presse@gigaset.com


End of Corporate News

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Language:    English                                               
Company:     Gigaset AG                                            
             Hofmannstraße 61                                      
             81379 München                                         
             Germany                                               
Phone:       +89444456937                                          
Fax:         +89444456930                                          
E-mail:      info@gigaset.com                                      
Internet:    www.gigaset.com                                       
ISIN:        DE0005156004                                          
WKN:         515600                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
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279061 24.07.2014