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Global PVQ SE

WKN: 555866 / ISIN: DE0005558662

PRESS RELEASE: Global PVQ SE: Further Developments in the Insolvency Proceedings after the Creditors Meeting (Final Meeting) of 27 August 2015


04.02.16 11:30
Dow Jones Newswires



PRESS RELEASE: Global PVQ SE: Further Developments in the Insolvency Proceedings after the Creditors Meeting (Final Meeting) of 27 August 2015





DGAP-News: Global PVQ SE / Key word(s): Miscellaneous
Global PVQ SE: Further Developments in the Insolvency Proceedings after the Creditors Meeting (Final Meeting) of 27
August 2015

2016-02-04 / 11:30
The issuer is solely responsible for the content of this announcement.

Global PVQ SE (formerly Q-Cells SE): Further Developments in the Insolvency Proceedings after the Creditors Meeting
(Final Meeting) of 27 August 2015

Halle/Saale, 4 February 2016

The insolvency administrator reports on the further developments concerning the insolvency proceedings of Global PVQ SE
(formerly: Q-Cells SE) after the creditors meeting (final meeting) of 27 August 2015:

The sum set on 27 August 2015 for payments to preferential creditors has to be reduced by EUR 9.2 million due to new
developments. This is based on the letter issued by the Federal Ministry of Finance dated 18 November 2015. This letter
clarifies the temporal application of the principles as set up by the Federal Court of Finance in its judgement of 24
September 2014.

The regional court of Dessau-Roßlau (Landgericht Dessau-Roßlau) has dismissed an appeal by a creditor within the legal
disputes regarding an insolvency claim of approx. EUR 161 million. However, the free liquidity, which has been reserved
for this alleged insolvency claim, cannot (yet) be distributed to the insolvency creditors because the legal disputes
have not been entirely concluded.

Again, the resulting figures are preliminary and they only indicate a further preliminary result in the insolvency
proceedings. The final result of the proceedings and the expected final insolvency dividend still depend on various
factors, which are not yet certain.

Contact:
Christoph Möller
möller pr
Phone: 0221 80 10 87-87
E-mail: cm@moeller-pr.de

End of Corporate News

2016-02-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Global PVQ SE
Sonnenallee 17-21
06766 Bitterfeld-Wolfen OT Thalheim
Germany
Phone: +49 (0)3494-669970102
Fax: +49 (0)3494 - 669970001
E-mail: s.krystossek@pvqse.de
Internet: www.pvqse.de
ISIN: DE0005558662, Wandelanleihe 2014: DE000A1AGZ06, Wandelanleihe 2015: DE000A1E8HF6
WKN: 555866
Listed: Regulated Unofficial Market in Hamburg, Hanover, Stuttgart; Open Market in Frankfurt

End of News DGAP News Service
434661 2016-02-04




(END) Dow Jones Newswires




February 04, 2016 05:30 ET (10:30 GMT)







 
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