29.12.2017 – 18:05

Airopack Technology Group

EQS-Adhoc: Airopack Technology Group AG: Airopack exercises its option to settle the purchase price of IP

EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Agreement
Airopack Technology Group AG: Airopack exercises its option to settle the
purchase price of IP

29-Dec-2017 / 18:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Ad-hoc release / Press Release


Airopack exercises its option to settle the purchase price of IP
for a fixed amount

Waalwijk, 29 December 2017- Airopack Technology Group AG ("Airopack"),
manufacturer of the Planet Friendly Aerosol is pleased to announce it has
exercised its option to settle the purchase price of the IP acquired in 2004
from a third party for a fixed amount.

In 2004, Airopack acquired IP of part of the technology used in the pressure
control device of Airopack from a third party. The purchase price of that IP was
determined by a perpetual earn-out model.

In 2013, Airopack entered into an agreement with the former owner, granting
Airopack the option to settle the purchase price for a fixed amount of EUR 25
million by 31 December 2018 at the latest, whereby it was agreed that Airopack
would pay a certain amount per Airopack sold as an advance payment. As at 31
December 2017, the unpaid amount under this agreement is
EUR 24.1 million.

Airopack has now exercised its option to settle the purchase price of the IP for
the aforementioned amount of EUR 24.1 million and at the same time reached an
agreement on the payment of the purchase price in quarterly increasing
instalments, with the final instalment being payable by 30 June 2021. As
consideration for the extended payment schedule, Airopack will pay a fixed
amount of EUR 0.4 million together with the final instalment.

Frans van der Vorst, Chief Operating Officer Airopack commented: "We are pleased
with the outcome of the discussions on the extended payment plan which will
allow Airopack to settle the purchase price over the next 4 years at a pace
matching the expected development of its operating cash flows."

Airopack produces a safe, all-plastic pressurized Planet Friendly Aerosol
powered purely by air that is environment and planet friendly. It was developed
by Airopack Technology Group, which holds the relevant patents and is worldwide
the sole producer of this unique Planet Friendly Aerosol. Airopack has a
worldwide customer base including multiple AAA leading personal care brands.

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For more information:

For investors:

Airopack Technology Group AG
Quint Kelders, CEO / Liebwin van Lil, CFO

E:quint.kelders@airopackgroup.com
E:liebwin.vanlil@airopackgroup.com

T: +31 416 300 800

For media :

Hill + Knowlton Strategies
Charlotte de la Rambelje - de Voogd

E:charlotte.rambelje@hkstrategies.com
T: +31 (0)20404 4707

Airopack Technology Group AG is a leading developer and supplier of mechanical
and pressure-controlled dispensing packaging technologies and systems for
manufacturers and suppliers of cosmetics, body care, home care, pharmaceutical
and food products. The revolutionary and patented Airopack(R) technology offers
a safe, all-plastic pressurized dispenser that is environmentally and planet
friendly. Airopack Technology Group holds the patent and is worldwide the sole
producer of this unique dispenser.

Airopack Technology Group operates a production facility for Airopack
ready-to-fill dispensers in Waalwijk, The Netherlands and a full-service filling
operation for ready-to-sell Airopack dispensers in Heist-op-den-Berg, Belgium,
that also develops and manufactures other innovative packaging solutions for
personal care customers. The Global Research and Development Team and the
Airopack Global Management as well as the Customer Service Organisation are also
based in Waalwijk, The Netherlands.

The shares of the company are listed on the Swiss Reporting Standard of the SIX
Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).

www.airopackgroup.com

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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Airopack Technology Group AG

          Blegistrasse 5

          6340 Baar

          Switzerland

Phone:    +41 417663500

Fax:      +41 417663509

E-mail:    liebwin.vanlil@airopackgroup.com

Internet: www.airopackgroup.com

ISIN:     CH0242606942

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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642297  29-Dec-2017 CET/CEST