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Nanogate: First meeting of creditors confirms self-administration

·3-min read

DGAP-News: NANOGATE SE / Key word(s): Insolvency
04.11.2020 / 17:30
The issuer is solely responsible for the content of this announcement.

Nanogate: First meeting of creditors confirms self-administration

Göttelborn, Germany, November 4, 2020. The first meeting of creditors (as a reporting and auditing meeting) of Nanogate SE today approved the continuation of the company's self-administration in the ongoing insolvency proceedings. Justice Counsellor Günter Staab was also confirmed as insolvency monitor. New appointments to the creditors' committee were also decided.

At the meeting in Sulzbach (Saarland), Nanogate SE also provided information on the current status of the insolvency proceedings: The company is currently reviewing the indicative and non-binding equity investment and takeover offers received as part of the investor process (see ad hoc announcement of 23 October 2020). The expressions of interest all provide for the preservation of the group's core business. The continuation of the investor process was decided by the creditors' meeting.

Following the meeting of creditors of Nanogate SE, the corresponding reporting and auditing meetings of the subsidiaries Nanogate Management Services GmbH, Nanogate PD Systems GmbH, Nanogate Neunkirchen GmbH, Nanogate Kierspe GmbH and Nanogate NRW GmbH took place. Here, too, both the company's self-administration and the insolvency monitor were confirmed. Business operations continue to run unchanged and undiminished at the locations concerned.

Contact

Christian Dose/Volker Siegert | WMP Finanzkommunikation GmbH
Phone +49 69 2475 689 491/490 | ir@nanogate.com

Nanogate SE | Zum Schacht 3 | 66287 Quierschied-Göttelborn
www.nanogate.com | twitter.com/nanogate_se

Nanogate SE

Nanogate (ISIN DE000A0JKHC9) is a leading global technology company for design-oriented, multifunctional components and surfaces. The Group employs around 1,800 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive). The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic and in India.

True to its slogan "Reinventing the Possible", Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers' products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group focuses on attractive applications, primarily for the mobility, aviation, home appliances, interior, leisure, and medical sectors - its target industries. As a systems provider, Nanogate broadly covers the value chain: design and engineering, materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets and the development of new applications, particularly for the three strategic areas Intelligent Surfaces, New Mobility and Artificial Metals.

Disclaimer

This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate SE (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). No offer or sale of transferable securities is being made to the public.


04.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

NANOGATE SE

Zum Schacht 3

66287 Göttelborn

Germany

Phone:

+49 (0)6825/95 91 0

Fax:

+49 (0)6825/95 91 852

E-mail:

ir@nanogate.com

Internet:

www.nanogate.de

ISIN:

DE000A0JKHC9,

WKN:

A0JKHC

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1145587


 

End of News

DGAP News Service

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