Ad hoc announcement pursuant to § 15 WpHG: DF Deutsche Forfait AG – Local court approves application for Schutzschirmverfahren with debtor-in-possession status

The Board of Management of DF Deutsche Forfait AG (Prime Standard, ISIN: DE000A14KN88) was today advised by the Cologne local court that its application for the opening of a “Schutzschirmverfahren in Eigenverwaltung” (a three-month phase of creditor protection with debtor-in-possession status) had been approved. During the three-month Schutzschirmverfahren period the company is protected from foreclosures and other enforcement measures by creditors and retains its capacity to conduct business. Moreover, the Board of Management is free to move forward with the company’s financial restructuring launched some time ago and is now in a position to implement the restructuring programme using the legal instruments available during the Schutzschirmverfahren period.

The local court has appointed Cologne-based lawyer Dr. Jörg Nerlich as insolvency monitor. DF Deutsche Forfait AG has retained insolvency experts BBL Bernsau Brockdorff as legal counsel.