03.06.2024 13:45:21 - EQS-Adhoc: Endor AG notifies restructuring plan according to StaRUG

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EQS-Ad-hoc: Endor AG / Key word(s): Miscellaneous
Endor AG notifies restructuring plan according to StaRUG
03-Jun-2024 / 13:44 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.
Endor AG notifies restructuring plan according to StaRUG
Landshut, June 3, 2024 - Endor AG has today notified the District Court - Restructuring Court ('court') - in Munich of
a restructuring project in accordance with the German Act on the Stabilization and Restructuring Framework for
Companies (StaRUG).
Following a comprehensive review, the lending banks decided not to support other restructuring offers because they did
not consider them suitable for averting the threat of insolvency.
As already communicated, part of the restructuring plan includes a partial waiver by the banks and a complete capital
reduction, which would lead to current shareholders leaving the company without compensation and to the Endor AG shares
delisting from the Open Market.
Endor will inform the capital markets and the public about the further progress of the process in accordance with legal
requirements.

Notifying person:
Matthias Kosch, CFO

End of Inside Information
Information and Explanation of the Issuer to this announcement:
About Endor AG
Endor AG develops and markets high-quality input devices such as high-end steering wheels and pedals for racing
simulations on game consoles and PCs. As a "brain factory", the company's focus is on the creative sector. Endor
carries out product development and prototype construction under its own direction and together with specialized
technology partners, primarily in Germany ("German engineering"). Endor sells its products under the FANATEC brand via
e-commerce primarily to end customers in Europe, the USA, Canada, Australia and Japan.


Contact:
Endor AG, Investor Relations
Phone: +49(0)871-9221 222
E-Mail: investor_relations@endor.ag

Press and investor enquiries:
Jasmin Dentz, GFD Finanzkommunikation
E-Mail: dentz@gfd-finanzkommunikation.de
Peter Herkenhoff, GFD Finanzkommunikation
E-Mail herkenhoff@gfd-finanzkommunikation.de
Vera Müller, Better Orange IR & HV AG
E-Mail: Vera.Mueller@linkmarketservices.eu
03-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.
Archive at www.eqs-news.com  
Language:     English 
Company:      Endor AG 

E.ON-Allee 3
84036 Landshut
Germany
Phone:        +49-(0)871-9221-122 
Fax:          +49-(0)871-9221-221 
E-mail:       ir@endor.ag 
Internet:     www.endor.ag 
ISIN:         DE0005491666 
WKN:          549166 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart 
EQS News ID:  1916699 


End of Announcement EQS News Service
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1916699 03-Jun-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1916699&application_name=news

END) Dow Jones Newswires

June 03, 2024 07:45 ET (11:45 GMT)
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ENDOR AG 549166 Stuttgart 0,190 05.07.24 12:44:07 -0,020 -9,52% 0,000 0,000 0,190 0,190

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