Gontard & MetallBank AG i.I.
Gontard & Metallbank AG english

BAFin takes measures pursuant to section 46 (1) of the German Banking Act Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– – German Federal Financial Services Supervisory Authority takes measures pursuant to section 46 (1) of the German Banking Act Frankfurt/Main, 6 May 2002 – Today the German Federal Financial Services Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “BAFin”) took measures pursuant to section 46a (1) of the German Banking Act against Frankfurt-based Gontard & MetallBank AG (WKN 589 050 / ISIN DE0005890503). This followed an ad-hoc disclosure published on 3 May 2002, in which Gontard & MetallBank AG had announced that it would issue a notice pursuant to section 92 (1) of the German Stock Corporation Act (giving notice of losses amounting to 50% of the issued share capital). The BAFin issued a temporary ban on sales and payments by the bank, ordered the bank to be temporarily closed for business with customers, and prohibited the bank from accepting payments not intended for the discharge of debts owed to it. These measures are designed to allow Gontard & MetallBank AG to continue the restructuring process it has embarked upon. Gontard & MetallBank AG is a member of the Joint Fund for Securing Customer Deposits (Einlagensicherungsfonds) operated by the Association of German Banks, and of the German Banks Compensation Fund (Entschädigungseinrichtung deutscher Banken GmbH). Together, these institutions protect deposits up to an aggregate amount of EUR 12.09 million per depositor. Contact: Gontard & MetallBank AG – Investor Relations – Patrick Kiss Phone: +49 (69) 71908-206 – E-mail: info@gmag.de http://www.Gontard-MetallBank.de end of ad-hoc-announcement (c)DGAP 06.05.2002 ——————————————————————————– WKN: 589050; ISIN: DE0005890503; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart. 062226 Mai 02