EQS-Adhoc: Airopack Technology Group AG: Cantonal Court of Zug grants Provisional Moratorium; Major Lenders have initiated

Airopack Technology Group - Cantonal Court of Zug grants Provisional Moratorium; Major Lenders have initiated Enforcement of Security

Baar, 12 February 2019 - Airopack Technology Group AG ("Airopack") announced today that in its decision dated 12 February 2019, the Cantonal Court of Zug has granted Airopack's request for a provisional composition moratorium (provisorische Nachlassstundung) of an initial duration of two months and has appointed Dr Daniel Hunkeler, Baur Hürlimann AG, as provisional administrator.

Airopack has now also been served with a notice that based on the continuing events of default under the Facilities Agreement the major lenders have initiated steps to enforce the pledges and other security interests granted by members of the Airopack Group. Airopack has anticipated this step in its press release dated 11 February 2019.

The board of directors will provide further updates as needed.

Contacts:

Airopack Technology Group AG
Antoine Kohler, Chairman

Blegistrasse 5/1 OG
CH-6340 Baar
TF: +41 41 768 50 50
www.airopackgroup.com

For investors:
Airopack Technology Group AG

Martin Eberhard
martin.eberhard@rimesa.ch
TF: +41 79 209 77 50

For media:
Tolxdorff Eicher Kollektivgesellschaft

Daniel Eicher / Theresia Tolxdorff
partners@tolxdorffeicher.ch
TF: +41 44 718 25 25