TelesensKSCL AG
TelesensKSCL AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement: TelesensKSCL Restructuring plan being
extended / Decisive financing round next week
Cologne, 11 October 2001 – With regard to the still difficult market situation,
the TelesensKSCL Executive Board together with a leading international
management consultancy is producing an extended restructuring plan. This plan
contains forecast revenues and earnings substantially below the expectations as
communicated in June 2001. These were 120-125 million euros revenues with a
break-even EBITDA for the year 2001.
Furthermore, TelesensKSCL is in negotiations with investors and creditors to
agree on a financing plan and payment schedule which, if successful, will secure
the company’s liquidity and avoid the need for insolvency proceedings. Ernst &
Young is advising the company in these negotiations. The decisive negotiations
will take place during the course of next week.
TelesensKSCL will publish further details regarding the restructuring plan and
the outcome of the negotiations in due course.
Investor Relations: Nina von Moltke
E-mail: investor@telesenskscl.com
Internet: www.TelesensKSCL.com
TelesensKSCL AG, Global Solutions
Ferdinand-Porsche-Strasse 1, 51149 Cologne
Tel.: +49 2203 91 28 888, Fax.: +49 2203 91 28 500
End of announcement
end of ad-hoc-announcement (c)DGAP 11.10.2001
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WKN: 529970; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
112334 Okt 01
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