DGAP-Ad hoc: OTI Greentech AG

Publication of an insider information in accordance with Article 17 MAR
 
 
OTI Greentech AG sells all business units in Norway and West Africa to Visionaire Invest AS - Report of Loss according to §92 AktG
 
Berlin, December 5, 2017 - OTI Greentech AG (German Securities Identification Number A0HNE8) has sold all its business units in Norway and West Africa to Visionaire Invest AS            (cf also Ad hoc Disclosure of October 30, 2017). Following the sale, OTI Greentech will in future focus on the operationally profitable business units OTI Greentech Technical Solutions, Uniservice Unisafe as well as the joint venture with KMI Cleaning Solutions.
 
As a result of the sale, the Board of Executive Directors of OTI Greentech AG informs that according to its best judgment it has to be expected that with the conclusion of the sale a loss of more than half of the share capital within the meaning of § 92 para 1 AktG (German Stock Corporation Act) will have occurred.
 
The main reason is the loss resulting from the write-down of financial investments in the amount of around EUR 14.7 million resulting from the sale of the business units. In accordance with the statutory requirements, the Board of Executive Directors of OTI Greentech AG will immediately convene a General Meeting and inform it about the loss in accordance with § 92 para 1 AktG.