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DGAP-News: NANOGATE SE / Key word(s): Insolvency/Disposal
Nanogate SE: Sale of Nanogate Electronic Systems GmbH agreed
Göttelborn, Germany, December 20, 2021. Nanogate SE has today contractually agreed to sell its subsidiary Nanogate Electronic Systems GmbH (Neudörfl, Austria) to an investor.
As part of the transaction, Nanogate is selling 100 percent of the shares in the Group's last remaining operating company. The purchase price, which has been agreed not to be disclosed, will go to the insolvency estate of Nanogate SE and will be used to satisfy creditors. The transaction is expected to be closed in the next few weeks.
As a result, the Nanogate Group no longer has any operating business. As part of the insolvency in self-administration, it is planned to wind up and dissolve Nanogate SE and the subsidiaries that are also insolvent (liquidation). As already announced, trading in Nanogate shares on the Frankfurt Stock Exchange is expected to end at the close of trading on February 4, 2022.
Christian Dose/Susanne Horstmann | WMP EuroCom AG
Nanogate SE | Zum Schacht 3 | 66287 Quierschied-Göttelborn
In June 2020, Nanogate SE filed for insolvency in self-administration (protective shield proceedings). As part of the restructuring, the core business and other subsidiaries were sold. It is planned to wind down and dissolve Nanogate SE and the subsidiaries that are also insolvent (liquidation). In this context, Nanogate SE's listing on the Basic Board of Frankfurt Stock Exchange is expected to be terminated with effect from the close of trading on February 4, 2022.
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.
20.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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