Press Release

Rechtsanwalt Dr. Michael Jaffé
Preliminary insolvency administrator of Wirecard AG, Aschheim

More than 1,500 employees of the insolvent companies receive pre-financing of insolvency funds
Constructive discussions with customers
Aschheim/Munich. The sales processes for the insolvent Wirecard AG’s core business, the acquiring and issuing business, as well as the independent business units of the Group companies worldwide have been launched. Following a further meeting of the preliminary creditors’ committee of Wirecard AG, the preliminary insolvency administrator, Dr. jur. Michael Jaffé of the law firm JAFFÉ Rechtsanwälte Insolvenzverwalter, announced that more than 100 parties have already registered interest.

After signing a confidentiality agreement, potential investors will soon be able to obtain information via newly established, virtual data rooms and start due diligence processes. The aim is to find near-term investment solutions in the interest of creditors, employees and customers.

Activities for the US company Wirecard North America are the most advanced. The international investment bank Moelis & Company has already been mandated to support the sale of this company with the approval of the preliminary creditors’ committee. Investor processes are also currently being initiated for other international affiliates as well as the core business, acquiring and issuing.

During discussions with customers, the majority have taken a constructive stance and expressed great interest in an investment solution to the insolvency being found quickly.

At the same time, ongoing costs are being further reduced. “We have already implemented cost-cutting measures. The insolvency funds for the more than 1,500 employees of the insolvent companies are currently relieving the liquidity situation. The employees will receive their first salary payments in a few days, as the pre-financing of the insolvency funds is already underway,” said the preliminary insolvency administrator Dr. jur. Michael Jaffé.

In the meantime, measures have also been taken to safeguard assets at the various international locations. Experienced specialists have started work on this. Such efforts are accompanied by further clarification of the causes of the crisis and the analysis of cash flows.

Wirecard Bank AG is solvent; payouts to Wirecard Bank merchants and customers are being carried out without restrictions.

Press contact for the preliminary insolvency administrator:
Sebastian Brunner
Tel.: +49175/5604673
E-Mail: sebastian.brunner@brunner-communications.de

Sitter fortsatt på endel aksjer i denne fadese butikken. Men jeg har tro på ei redningspakke.
Gjeldskonvertering, statsstøtte osv. Mange tunge aktører som har promotert selskapet. Inkl Merkel selv.

https://m.marketscreener.com/WIRECARD-AG-454356/news/Wirecard-Wildberries-expands-in-European-market-with-Wirecard-31012141/

https://www.tagesschau.de/wirtschaft/wirecard-scholz-103.html

Møtet startet kl 16.00. Spennende! Rt +11%

Har tatt et saftig bet her på en kraftig shortsqueeze. :)

Saftig oppgang her nå. Noe på G?

Håper aksjonærene får noe igjen her.
Kanskje ett nytt shortrally opp mot 5-6-7 €

Null nytt. Kun utspørring av finansminister som benekter alt. Er nok flere som har skjeletter i skapet her.
Nbim sitter fortsatt på 1,14% til 106euro stk. Skulle tro en dose 2euros aksjer ville senke snittet betraktelig.

Nå skjer det ting her.

https://financefwd.com/de/jobs-wirecard-interessenten/

https://finance.yahoo.com/news/contactless-payment-market-cross-usd-090000777.html?_guc_consent_skip=1597753330

Skjer ikke noe før fredan.

?? Opp 17% nå.

The Annual General Meeting of Wirecard AG announced for August 26, 2020, will not be held. On June 25, 2020, the Management Board of Wirecard AG filed an application for the opening of insolvency proceedings.

https://ir.wirecard.com/websites/wirecard/English/6000/corporate-governance.html