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STS Group AG / Key word(s): Miscellaneous
STS Group AG sells Acoustics business segment - Notification of loss according to § 92 para. 1 AktG
On the basis of the conclusion of a sales agreement, the Management Board determined at its best judgment that the Company is likely to incur a loss of more than half of its share capital. The main reasons for the loss of more than half of the share capital are the negative purchase price and the waiver of receivables of STS Group AG from the sold companies. This results in STS Group AG's equity capital being well below 3 mEUR.
For this reason, the Management Board will immediately convene an Extraordinary General Meeting and report the loss of more than half of the share capital in accordance with the section 92 (1) AktG. At this meeting, the Management Board will explain the position of the Company to the shareholders.
|Company:||STS Group AG|
|Phone:||+49 (0)811 124494 0|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1113523|
|End of Announcement||DGAP News Service|