Gerry Weber International AG: Insolvency proceedings under self-administration opened - change of stock market segment requested
April 01, 2019 at 09:30 am EDT
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DGAP-Ad-hoc: Gerry Weber International AG / Key word(s): Insolvency
Gerry Weber International AG: Insolvency proceedings under self-administration opened - change of stock market segment requested
01-Apr-2019 / 15:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc announcement pursuant to section 17 MAR
GERRY WEBER International AG: Insolvency proceedings under self-administration opened - change of stock market segment requested
(Halle/Westphalia, 1 April 2019) Today, the local court Bielefeld has ordered the scheduled opening of insolvency proceedings under self-administration for GERRY WEBER International AG. The court has appointed lawyer Stefan Meyer of PLUTA Rechtsanwalts GmbH as trustee (Sachwalter), who was previously already appointed provisional trustee. GERRY WEBER International AG had applied for the court order of insolvency proceedings under self-administration on 25 January 2019.
Throughout the opened self-administration proceedings, all business operations continue without limitations. The continued financing of operations is safeguarded well into the year 2020. All restructuring measures are being consequently implemented. The Managing Board remains in office with all powers and responsibilities within the self-administration proceedings.
Further, today, GERRY WEBER International AG applied for a change from the Prime Standard into the General Standard at the Frankfurt Stock Exchange.
The Managing Board
Notifying Person:
Florian Frank
Member of the Managing Board
Phone: +49 5201 185-140
ir@gerryweber.com
01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Gerry Weber International AG is a Germany-based fashion and lifestyle company with focus on apparel for women. The Company owns the brands GERRY WEBER, TAIFUN and SAMOON. It operates through two segments: GERRY WEBER Core Retail and GERRY WEBER Core Wholesale. The GERRY WEBER Core Retail segment comprises retail of the brands GERRY WEBER, TAIFUN and SAMOON. The GERRY WEBER Core Wholesale segment includes wholesale activities of the brands GERRY WEBER, TAIFUN and SAMOON. The Company is active in Germany, the Netherlands, Belgium, France, Spain, the United Kingdom and Canada, among others.
GERRY WEBER INTERNATIONAL AG 