- Investor subscribes cash capital increase in the amount of EUR 7.5 million
- Changes on both the Board of Management and the Supervisory Board
Cologne, 28 June 2016 – In accordance with the court-confirmed insolvency plan for DF Deutsche Forfait AG (Prime Standard, ISIN: DE000A2AA204), the cash capital increase in the amount of EUR 7,500,000.00 has been subscribed by London-based investor Dr. Shahab Manzouri. Mr Manzouri is a British private investor with long-standing experience in the trade finance sector. In the next few days, an application to record the cash capital increase in the commercial register is to be made concurrently with the registration of the capital increase against contributions in kind in the amount of EUR 3,707,483.00 implemented under the terms of the above-mentioned court-confirmed insolvency plan. Following the implementation and registration of the two capital measures, the company’s share capital will amount to EUR 11,887,483.00 and will be divided into 11,887,483 registered common shares.
Mr Mark West has resigned from the company’s Board of Management with effect from the cash capital increase being implemented and registered with the commercial register. The company envisages further benefiting from his services in a different capacity going forward. The Supervisory Board has appointed Dr. Manzouri as member of the Board of Management, this appointment becoming effective when the cash capital increase has been implemented.
Dr. Jürgen Honert has announced his resignation from the company’s Supervisory Board after the conclusion of the company’s Annual General Meeting on 6 July 2016. His resignation is conditional on the cash capital increase having become effective by this point in time. Two new members will stand for election to the Supervisory Board at the Annual General Meeting, which will give the Supervisory Board a quorum and a sufficient number of four members.