DF Deutsche Forfait AG

Legal Proceedings Report • Jan 5, 2016

News Details

Ad-hoc | 5 January 2016 10:15

DF Deutsche Forfait AG: Insolvency proceedings opened as planned

DF Deutsche Forfait AG / Key word(s): Restructure of Company/Insolvency

05.01.2016 10:15

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DF Deutsche Forfait AG: Insolvency proceedings opened as planned

• Debtor-in-possession status to be retained

Cologne, 5 January 2016 - On 1 January 2016, the Cologne local court
resolved to open the insolvency proceedings for DF Deutsche Forfait AG
(Prime Standard ISIN: DE000A14KN88) as planned and ordered that the
debtor-in-possession status be retained. On 29 September 2015, DF Deutsche
Forfait AG had applied for the opening of a "Schutzschirmverfahren in
Eigenverwaltung" (a three-month phase of creditor protection with
debtor-in-possession status), which was approved by the court because of
the prospect of the company being restructured successfully. In the ensuing
months, the Board of Management, together with the provisional insolvency
monitor and the creditors' committee, pushed ahead with the restructuring.
The fact that the creditors' committee unanimously approved the
continuation of the proceedings with the company retaining the
debtor-in-possession status clearly reflects the confidence placed by the
creditors in the successful restructuring. On this basis, the Board of
Management of DF Deutsche Forfait AG will agree the insolvency plan with
the creditor groups and submit it to the court as soon as possible.

DF Deutsche Forfait AG

Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

05.01.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax:
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE000A14KN88, DE000A1R1CC4,
WKN: A14KN8, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of Announcement DGAP News-Service

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