Revitalizing Gigaset AG: Expanded Management Board Examines Insolvency Plan & Investor Solutions

• Gigaset AG i.L. has expanded its Management Board by appointing four additional members on an interim basis.
• The expansion of the Management Board is part of discussions with Gold Gear Investment regarding a possible investor solution for an insolvency plan.
• Gold Gear has provided a temporary commitment to cover ongoing losses during the insolvency process.
• Gold Gear intends to submit a proposal for an insolvency plan to restructure Gigaset AG i.L. and terminate the insolvency proceedings.
• The discussions with Gold Gear are separate from the agreement to sell Gigaset Communications GmbH to a subsidiary of VTech Holdings Limited.
• The insolvency administrator is open to constructive talks with Gold Gear to satisfy the creditors of Gigaset AG i.L.

The price of Gigaset at the time of the news was 0,0410EUR and was down -9,39 % compared with the previous day.
16 minutes after the article was published, the price was 0,0705EUR this corresponds to a plus of +71,95 % since publication.

Gigaset

+0,44 %

-6,61 %

-26,20 %

-9,60 %

-84,25 %

-84,78 %

-90,19 %

-95,29 %

-80,00 %

ISIN:DE0005156004WKN:515600

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max