12/18/2024 12:38:00 CET, Reutlingen
Disclosure of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation)
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.
Information:
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker symbol: M5Z
Market segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange
Manz AG
Steigäckerstraße 5
72768 Reutlingen
Germany
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