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Gigaset AG
Board/Management Information • Jun 17, 2024
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Board/Management Information
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Ad-hoc | 17 June 2024 19:08
Gigaset AG i.L.: Changes in the Management Board
Gigaset AG / Key word(s): Personnel
Gigaset AG i.L.: Changes in the Management Board
17-Jun-2024 / 19:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc News
WKN: 515600 / WKN A14KQ7
ISIN: DE0005156004 / DE000A14KQ77
Gigaset AG i.L.: Changes in the Management Board
Bocholt, June 17 th , 2024 19:06 p.m.: The Supervisory Board of Gigaset AG i.L., today resolved to reappoint Mr Ran Tao for a further 12 months and Mr Guoyu Du and Mr Sean Hsin Jan Fang for a further 4 months as interim members of the company’s Management Board with effect from June 20 th , 2024, after their appointments to the Management Board were originally limited until June 11 th , 2024.
The new appointments to the Management Board are made against the background of the ongoing negotiations and preliminary work of the insolvency administrator Dr Markus Wischemeyer with Gold Gear Investment (Singapore) Pte. Ltd (“Gold Gear”) regarding a possible investor solution for the presentation of an insolvency plan to the creditors and other parties involved in the proceedings with the aim of restructuring and ending the insolvency proceedings.
At the same time, the current Chairman of the Management Board, Dr Magnus Ekerot, and the Supervisory Board today reached an amicable agreement on the termination of his Management Board mandate with effect from the end of June 20 th , 2024. The Supervisory Board would like to thank Dr Magnus Ekerot for his extraordinary performances in connection with the restructuring efforts. The Supervisory Board has appointed Mr Ran Tao as the new Chairman of the Management Board with effect from June 21 st , 2024.
The insolvency administrator continues to conduct the negotiations with Gold Gear in an open and constructive manner with a view to satisfying the creditors of Gigaset AG i.L. to the best of its ability. Whether and, if so, within what timeframe an investor solution will be found and an insolvency plan presented is currently still open and depends on the clarification of various preliminary issues.
Gigaset AG i.L.
Management Board
End of Inside Information
17-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Gigaset AG |
| Frankenstr. 2 | |
| 46395 Bocholt | |
| Germany | |
| Phone: | +49 (0)89 444 456 866 |
| Fax: | +49(0)89 444 456 930 |
| E-mail: | [email protected] |
| Internet: | www.gigaset.com |
| ISIN: | DE0005156004 |
| WKN: | 515600 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1926975 |
| End of Announcement | EQS News Service |