schlott gruppe Aktiengesellschaft / Key word(s): Capital
Reorganisation/Insolvency
17.01.2011 14:27
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Financing of schlott gruppe AG no longer safeguarded
Freudenstadt, January 17, 2011. Following the breakdown of negotiations
with one of the company's investors at the end of last week, proposals put
forward at a meeting with the company's banks for the purpose of securing
additional funds for the sustained financing of schlott gruppe AG today
also failed. Thus, the continuation of schlott gruppe AG as a going concern
is no longer viable.
The Management Board of schlott gruppe AG must now swiftly assess the
possibilities of rescuing the company by way of insolvency proceedings in
order to secure as many jobs and assets as possible and ensure that
competition within the market is safeguarded.
schlott gruppe AG
The Management Board
schlott gruppe AG
Marco Walz
Investor Relations & PR
Wittlensweilerstr. 3
72250 Freudenstadt
GERMANY
Tel.: +49 7441 531-230
Fax : +49 7441 531-204
marco.walz@schlottgruppe.de
www.schlottgruppe.de
17.01.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: schlott gruppe Aktiengesellschaft
WittlensweilerstraÃe 3
72250 Freudenstadt
Deutschland
Phone: +49 (0)7441 531-230
Fax: +49 (0)7441 531-204
E-mail: marco.walz@schlottgruppe.de
Internet: www.schlottgruppe.de
ISIN: DE0005046304
WKN: 504630
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: schlott gruppe AG: Financing no longer safeguarded
| Source: EQS Group AG