DGAP-Adhoc: exceet Group SE: exceet sells card business


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.

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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

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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
 
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