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2016-05-19

Valartis Group AG : Cantonal Court of Zug approves Valartis Group AG application for an extension of the current definitive moratorium

Valartis Group AG / Cantonal Court of Zug approves Valartis Group AG
application for an extension ofthe current definitive moratorium . Processed
and transmitted by NASDAQ OMX Corporate Solutions.The issuer is solely
responsible for the content of this announcement.
* The Administrator of Valartis Group AG, the law firm Holenstein
Attorneys-at-Law Limited, Zurich, submitted an application for an extension
of the definitive moratorium for a period of six months until 23 November
2016 to the Cantonal Court of Zug[1]which has been approved.
* The extended definitive moratorium enables Valartis Group AG and its
financial holding company, Valartis Finance Holding AG, Liechtenstein, to
eliminate the temporary liquidity squeeze swiftly in accordance with the
recovery plans.
* The primary objective of these recovery plans is to eliminate the temporary
lack of liquidity at Valartis Group AG and Valartis Finance Holding AG
through the sale of assets and other measures. These assets include the
participations in Valartis Bank (Liechtenstein) AG and Valartis Bank
(Austria) AG.
* Valartis Bank (Liechtenstein) AG was sold within the framework of a Share
Purchase Agreement, end of March 2016. The transaction is subject to
approvals by the competent corporate bodies and the Financial Market
Authority (FMA) Liechtenstein, together with other customary conditions for
such sales' transactions and the creditors of Valartis Finance Holding AG.
From a current viewpoint, closing can be expected mid-2016. In Austria,
closing took place on the takeover of all employees and the main business
activities of Valartis Bank (Austria) AG by Wiener Privatbank SE on 1 April
2016, within the framework of an Asset Purchase Agreement.
* The planned closing on the sale of the bank in Liechtenstein will take
place only following expiry of the existing, definitive moratorium, due 23
May 2016. Therefore, an extension of the moratorium had to be applied for.
* Conclusion of the two divestment transactions in Austria and Liechtenstein
are a pre-condition for the successful recovery for Valartis Group AG in
Switzerland and, thus, for the lifting of the moratorium, or the bankruptcy
deferment for Valartis Finance Holding AG in Liechtenstein.
* Successful conclusion of the recovery of these two Group companies,
together with the introduction of a new strategic direction for Valartis
Group, represents the central objectives for the business year 2016.

[1]For the reason, please refer to the paragraphs 4 and 5

---------------------------------------------------------------
| Agenda |
| 2015 Results media conference 24 May 2016 |
| Ordinary General Meeting of Shareholders 2016 28 June 2016 |
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For further information, please contact:

Kim-My Schefer, Head Corporate Communications&Marketing
Tel. +41 44 503 54 02,corporate.communications@valartis.ch

Valartis Group
Valartis Group is today an international finance group with offices in
Switzerland, Vienna, Liechtenstein, Luxembourg, Moscow and St. Petersburg.
Valartis Group AG (Baar, Switzerland) is listed on the Swiss stock exchange,
SIX Swiss Exchange. Operations include the fields of Corporate Finance,
Private Equity and Real Estate Management together with participations in the
financial services sector.
www.valartisgroup.ch

Press release (PDF)
http://hugin.info/143135/R/2014066/746574.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valartis Group AG via Globenewswire

HUG#2014066

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