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Abonner Vivacon AG

Vivacon AG

EANS-Adhoc: Vivacon AG announces acute liquidity crises and restructures legal representatives

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
29.05.2009
Against the background of the ongoing capital market crisis and the 
difficult market environment, Vivacon AG (ISIN 000604 8911) is in an 
acute liquidity crisis. The company currently negotiates with all 
creditor banks about extension agreements and the opportunity for an 
extrajudicial restructuring concept. Intention is also the 
prolongation of portfolio financings becoming due in the current 
year. The restructuring concept and the planned restructuring 
envisage short-term fund raising by sale of assets (real estate) and 
possibly investments. In addition, further measurements for cost 
reduction will be implemented.
Against this background, the company reduced the number of board 
members. Mr. Zweigner resigns from the executive board, which now 
consists of Mr. Ries and Mr. Rodemer. Executive board and supervisory
board thank Mr. Zweigner for his efforts.
In the future, the supervisory board consists of Mr. Leffin, Dr. Vier
and Prof. Dr. Gräf. Mr. Graebner stepped down. Executive board and 
supervisory board thank Mr. Graebner for his longtime efforts.
Vivacon AG applies for a segment change from the Prime Standard to 
the General Standard because of the current situation. For this 
reason, the quarterly reporting according to the regulations of the 
Prime Standard segment is omitted. Instead, the company will publish 
interim statements according to Sec. 37x of the WpHG. The publication
date of the consolidated financial statements 2008 is currently 
uncertain.
end of announcement                               euro adhoc

Further inquiry note:

Sven Annutsch

Tel. ++49(0)221 130 5621-630

Email: sven.annutsch@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share, DAX
International 100
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / regulated dealing

Plus de actualités: Vivacon AG
Plus de actualités: Vivacon AG