Manz AG will file an application for the opening of insolvency proceedings
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EQS-Ad-hoc: Manz AG / Key word(s): Insolvency Manz AG will file an application for the opening of insolvency proceedings Reutlingen, 18 December 2024 – The Management Board of Manz AG has today decided to file for an application for the opening of insolvency proceedings due to the company's illiquidity that has occurred and for the over-indebtedness of Manz AG under insolvency law. The application for the opening of insolvency proceedings is expected to be filed in the following days. The insolvency was triggered by the decision of Manz AG’s creditors not to provide any further funding. Independently of this, Manz AG is also over-indebted under insolvency law. In recent weeks, the Management Board has been in intensive discussions with a number of lenders and investors regarding new equity and debt capital. Discussions with one of the interested investors were at an advanced stage but were unexpectedly broken off by that investor. This means that there is no financing solution to secure the necessary inflow of funds for the continuation of Manz AG outside of insolvency proceedings. Regardless of the step that is now necessary, the Management Board is continuing talks with potential investors. WKN: A0JQ5U End of Inside Information
18-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Manz AG |
| Steigäckerstr. 5 | |
| 72768 Reutlingen | |
| Germany | |
| Phone: | +49 (0) 7121 9000-0 |
| Fax: | +49 (0) 7121 9000-99 |
| E-mail: | info@manz.com |
| Internet: | http://www.manz.com |
| ISIN: | DE000A0JQ5U3 |
| WKN: | A0JQ5U |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2053971 |
| End of Announcement | EQS News Service |
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2053971 18-Dec-2024 CET/CEST
