exceet Group signed sales and purchase agreement in regard to the divestment of its ID Management & Systems (IDMS) segment. IDMS has been acquired through a Management-Buy-Out (MBO) by Mr. Robert Wolny (COO IDMS) and Mr. Ulrich Reutner (former CEO of the Group). The shares of exceet Card Group are held by the Visioncard Holding GmbH which is owned 100% by them. The transaction is signed and closed as of today. The parties agreed not to disclose the transaction value. During the divestment process, administered by an independent investment bank, the Group identified the necessity for an additional impairment related to the current IDMS segment. Starting 1 October 2016 Mr. Robert Wolny and Mr. Ulrich Reutner are not active anymore for the exceet Group.