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Nanogate SE: Divestment of Nanogate Kierspe GmbH

DGAP-News: NANOGATE SE / Key word(s): Insolvency/Disposal Nanogate SE: Divestment of Nanogate Kierspe GmbH 26.02.2021 / 15:23 The issuer is solely responsible for the content of this announcement. Nanogate SE: Divestment of Nanogate Kierspe GmbH

Göttelborn, Germany, February 26, 2021. The self-administration of the insolvent Nanogate Kierspe GmbH has agreed today, with the consent of the company's creditors' committee, the sale of the company to the management of the subsidiary by way of an asset deal

The company is a subsidiary of Nanogate SE and is not part of the core business of the Group's restructuring strategy. The sale is structured as an asset deal, in which essential assets are transferred to the Goletz GmbH, which will continue the business. The transaction is planned to be completed by the beginning of March 2021.

The purchase price serves to satisfy the creditors of Nanogate Kierspe GmbH in the context of the ongoing insolvency proceedings under self-administration. With regard to the sale of its core business and other subsidiaries, Nanogate is in negotiations with various investors. For information on the possible effects of such transactions on the shareholders of Nanogate SE, please refer to the ad hoc announcement of October 23, 2020.

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Nanogate SE | Zum Schacht 3 | 66287 Quierschied-Göttelborn
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Nanogate SE

Nanogate (ISIN DE000A0JKHC9) is a leading global technology company for design-oriented, multifunctional components and surfaces. The Group employs around 1,800 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive). The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic and in India.