exceet Group SE / Key word(s): Disposal 30.09.2016 19:55 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- exceet sells card business Luxembourg, 30 September 2016 - 06:30 p.m. - exceet Group ("exceet") signed today a sales and purchase agreement in regard to the divestment of its ID Management & Systems ("IDMS") segment. IDMS has been acquired through a Management-Buy-Out (MBO) by Mr. Robert Wolny (COO IDMS) and Mr. Ulrich Reutner (former CEO of the Group). The shares of exceet Card Group are held by the Visioncard Holding GmbH which is owned 100% by them. The transaction is signed and closed as of today. The parties agreed not to disclose the transaction value. During the divestment process, administered by an independent investment bank, the Group identified the necessity for an additional impairment related to the current IDMS segment. The MBO provides a good economical and organizational solution, with a quick and smooth transition of the IDMS organization. Starting 1 October 2016 Mr. Robert Wolny and Mr. Ulrich Reutner are not active anymore for the exceet Group. exceet will further focus more on the activities in smart and secure electronics and wishes the exceet Card Group all the best for the future. Please contact for further information: Wolf-Günter Freese, acting CEO & CFO - Email: Investor.relations@exceet.lu exceet Group SE 115, avenue Gaston Diderich L-1420 Luxembourg Phone +352 26 29 91 22 ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard, Frankfurt/Main exceet will announce the 3Q results for 2016 on 7 November 2016 (after closing of the market) About exceet exceet is an international technology group, which is specialized in the development and production of intelligent, complex and secure electronics. 30.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: exceet Group SE 115, avenue Gaston Diderich L-1420 Luxemburg Grand Duchy of Luxembourg Phone: +352 2629 9122 Fax: +352 2629 9150 E-mail: info@exceet.ch Internet: www.exceet.ch ISIN: LU0472835155, LU0472839819 WKN: A0YF5P, A1BFHT Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: exceet Group SE: exceet sells card business
| Source: EQS Group AG