EQS-Adhoc: MagForce AG: Agreement in principle on the sale of business operations
Disclosure of an insider information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
MagForce AG: Agreement in principle on the sale of business operations
Berlin, November 14, 2022 - The insolvency administrator of MagForce AG (ISIN: DE000A0HGQF5), Mr. R?diger Wienberg, attorney-at-law, today concluded the negotiations conducted with a foreign group of companies regarding the sale of the main business area of MagForce AG and its direct and indirect subsidiaries. This business includes, among other things, the application of NanoTherm therapy for the treatment of certain tumors, including focal thermal ablation treatment of intermediate-risk prostate cancer patients, and also the manufacture, maintenance, repair, and service of NanoActivator, an alternating magnetic field generator, and the nanoparticles used in NanoTherm therapy. The funds required to maintain business operations until the conclusion of the contract negotiations had been pre-financed by the investors. The proceeds from the sale will go to the insolvency estate. MagForce AG will be wound up as part of the insolvency proceedings; shareholders are not expected to receive any payments.
The purchase agreement is expected to be signed on November 15, 2022.
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Contact: MagForce AG, Max-Planck-Stra?e 3, 12489 Berlin Barbara von Frankenberg Vice President Communications & Investor Relations T +49-30-308380-77 E-Mail: firstname.lastname@example.org
14-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.comLanguage: English Company: MagForce AG Max-Planck-Stra?e 3 12489 Berlin
Germany Phone: +49 (0)30 308 380 0 Fax: +49 (0)30 308 380 99 E-mail: email@example.com Internet: www.magforce.com ISIN: DE000A0HGQF5 WKN: A0HGQF Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange EQS News ID: 1487605 ? End of Announcement EQS News Service