DGAP-Adhoc

METRIC mobility solutions AG: Application for self-administration approved by Local Court of Hanover

METRIC mobility solutions AG / Key word(s): Insolvency

01.07.2016 19:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Hanover, 1 July 2016 - The Local Court of Hanover today approved the
application by METRIC mobility solutions AG (Frankfurt Securities Exchange,
Prime Standard; ISIN DE000A1X3X66) for the initiation of insolvency
proceedings under the Company's own administration. On application by
METRIC mobility solutions AG, solicitor Dr Rainer Eckert was appointed
preliminary insolvency administrator of the Company. In the opinion of the
Company, the appointment of a preliminary insolvency administrator was
necessary in spite of the application for self-administration, otherwise it
would not have been possible to establish legally secure and certain
relations with suppliers according to the rulings handed down by the
competent insolvency court.

Due to the application filed by the Company in response to the court
orders, a situation of legal certainty has been created for the business
partners and employees of METRIC mobility solutions AG in order to enable
the Company's operations and its restructuring to be immediately continued.

The Board of Management of METRIC mobility solutions AG will now take up
its cooperation with the preliminary insolvency administrator without delay
in order to prepare the Company's restructuring under its own
administration. In the process, the Company will be assisted in relation to
insolvency law by the restructuring expert and solicitor Manuel Sack from
the law firm Brinkmann & Partner, of Hanover.

METRIC mobility solutions AG
Rotenburger Str. 20
30659 Hanover

The Board of Management

Contact:
METRIC mobility solutions AG
Sybille Gäbisch
[phone]
[e-mail]


01.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language: English
Company: METRIC mobility solutions AG
Rotenburger Str. 20
30659 Hannover
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.metric-group.com
ISIN: DE000A1X3X66
WKN: A1X3X6
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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