Airopack Technology Group AG: Airopack Technology Group - Cantonal Court of Zug grants extension of Provisional Moratorium
April 10, 2019 at 04:05 am EDT
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EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Liquidity Problem
Airopack Technology Group AG: Airopack Technology Group - Cantonal Court of Zug grants extension of Provisional Moratorium
10-Apr-2019 / 06:54 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
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Airopack Technology Group - Cantonal Court of Zug grants extension of
Provisional Moratorium
Baar, 10 April 2019 - Airopack Technology Group AG ("Airopack") announced today that by decision dated 9 April 2019, the Cantonal Court of Zug, at the request of Airopack and its provisional administrator, has extended the provisional composition moratorium (provisorische Nachlassstundung) for another two months and has confirmed Dr. Daniel Hunkeler, Baur Hürlimann AG, as provisional administrator (provisorischer Sachwalter).
The Board of Directors will provide further updates, in particular on the progress of the provisional composition moratorium phase, as needed.
Contacts:
Airopack Technology Group AG
Antoine Kohler, Chairman
The Company
Airopack Technology Group AG is a leading developer and supplier of mechanical and pressure-controlled dispensing packaging technologies and systems for manufacturers and suppliers of cosmetics, body care, pharmaceutical and food products. The revolutionary and worldwide and solely by ATG patented Airopack(R) technology offers a safe, all-plastic pressurized dispenser that is environmentally and planet friendly
Airopack Technology Group operates a Airopack Ready to Fill manufacturing facility in Waalwijk, The Netherlands and a Full-Service Filling operation in Heist-op-den-Berg Belgium (Airosolutions) as well as a manufacturing plant for filling equipment in Houten, The Netherlands (Airofiller Equipment Solutions), The Global Research and Development Team, the Airopack Global Management and Customer Service Organisation are located in Waalwijk, The Netherlands.
The shares of the company are listed on the Swiss Reporting Standard of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).
Disclaimer
This Ad Hoc Release / Press Release may contain certain forward-looking statements. In some cases forward looking statements can be identified by the use of terms such as "believes", "enables", "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "seeks" or "should" or variations thereof, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances.
Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements. The success or achievement of various results, targets and objectives is dependent upon a multitude of factors, many of which are beyond the control of Airopack. No representations are made as to the accuracy of such statements or that such results, targets or objectives will be realized.
Aptg AG, formerly known as Airopack Technology Group AG, is a Switzerland-based company engaged in packaging and dispensing systems industry. The Company provides mechanical and pressure-controlled primary packaging technologies and dispensing systems for manufacturers and suppliers of cosmetic, personal care, pharmaceutical and food products. The Company is focused on industrialization and commercial strategy for Airopack, an all-plastic pressurized dispenser that uses air instead of chemical propellants. Aptg AG operates a number of wholly-owned subsidiaries based in Switzerland and the Netherlands, such as Airolux AG, a manufacturer of plastics products, and Scholle IPN Equipment BV, a manufacturer of Airofiller filling equipment, among others.
APTG AG 
