schlott gruppe Aktiengesellschaft
schlott gruppe AG: Financing no longer safeguarded
schlott gruppe Aktiengesellschaft / Key word(s): Capital Reorganisation/Insolvency 17.01.2011 14:27 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Financing of schlott gruppe AG no longer safeguarded Freudenstadt, January 17, 2011. Following the breakdown of negotiations with one of the company's investors at the end of last week, proposals put forward at a meeting with the company's banks for the purpose of securing additional funds for the sustained financing of schlott gruppe AG today also failed. Thus, the continuation of schlott gruppe AG as a going concern is no longer viable. The Management Board of schlott gruppe AG must now swiftly assess the possibilities of rescuing the company by way of insolvency proceedings in order to secure as many jobs and assets as possible and ensure that competition within the market is safeguarded. schlott gruppe AG The Management Board schlott gruppe AG Marco Walz Investor Relations & PR Wittlensweilerstr. 3 72250 Freudenstadt GERMANY Tel.: +49 7441 531-230 Fax : +49 7441 531-204 marco.walz@schlottgruppe.de www.schlottgruppe.de 17.01.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: schlott gruppe Aktiengesellschaft Wittlensweilerstraße 3 72250 Freudenstadt Deutschland Phone: +49 (0)7441 531-230 Fax: +49 (0)7441 531-204 E-mail: marco.walz@schlottgruppe.de Internet: www.schlottgruppe.de ISIN: DE0005046304 WKN: 504630 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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