TAKEOVER OF BUSINESS OPERATIONS THROUGH SALE TO TEYLOR AG
EQS-Ad-hoc: creditshelf Aktiengesellschaft / Key word(s): Disposal/Takeover Public disclosure of an insider information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse, as amended (Market Abuse Regulation - MAR).
CREDITSHELF AKTIENGESELLSCHAFT: TAKEOVER OF BUSINESS OPERATIONS THROUGH SALE TO TEYLOR AG Frankfurt am Main, April 23, 2024 - The Management Board of creditshelf AG (WKN A2LQUA, ISIN DE000A2LQUA5, exchange symbol CSQ, "creditshelf") today concluded a conditional purchase agreement with Teylor AG, Switzerland, in coordination with the provisional creditors' committee and the provisional administrator in the course of the ordered protective shield proceedings pursuant to § 270d of the German Insolvency Code (InsolvenzOrdnung) for almost all material assets and the business operations of creditshelf AG. The proceeds from the transaction will be used to satisfy creditshelf AG's creditors. The parties involved currently assume that the creditors will receive a significant share of their claims following the successful completion of the transaction, the amount of which has not yet been determined. Meeting the deadline for the annual financial report on April 30, 2024 remains challenging due to the challenges posed by the insolvency proceedings, access to the necessary audit and now additionally due to the influence of the asset sale, which could result in a delay in publication. <End of Ad hoc announcement>
Communications & IR: creditshelf Aktiengesellschaft
About creditshelf creditshelf is the next generation digital corporate financier. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via a steadily growing network. In doing so, creditshelf combines complementary needs: While SMEs can easily access attractive financing alternatives, institutional investors can invest directly in German SMEs and cooperation partners can support their clients as innovative providers of new credit solutions. The core of creditshelf’s business model is a unique, data-driven risk analysis as well as unbureaucratic, fast and digital processes. The entire value chain comes from one single source. The creditshelf platform is used to select suitable loan projects, analyze the creditworthiness of potential borrowers, provide credit scoring as well as risk-adequate pricing. For these services, creditshelf receives fees from both borrowers and investors. creditshelf has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since 2018. The experts of the creditshelf team have years of experience in SME financing and are trusted partners and visionaries for tomorrow’s entrepreneurs. End of Inside Information
23-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | creditshelf Aktiengesellschaft |
Mainzer Landstrasse 33a | |
60329 Frankfurt/Main | |
Germany | |
E-mail: | ir@creditshelf.com |
Internet: | www.creditshelf.com |
ISIN: | DE000A2LQUA5 |
WKN: | A2LQUA |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1887529 |
End of Announcement | EQS News Service |
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1887529 23-Apr-2024 CET/CEST