Airopack Technology Group AG secures funding to double its manufacturing capacity

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EQS Group-Ad-hoc: Airopack Technology Group AG / Schlagwort(e): Finanzierung
Airopack Technology Group AG secures funding to double its manufacturing
capacity

21.06.2017 / 18:25 CET/CEST
Veröffentlichung einer Ad-hoc-Mitteilung gemäss Art. 53 KR

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Ad-hoc release / Press Release

Airopack Technology Group secures funding to double its manufacturing
capacity

Upscaling to 200 million environmental friendly dispensers annually

Baar, 21 June 2017 - Airopack Technology Group AG ("ATG"), manufacturer of
environmental friendly dispensers, is pleased to announce that it has
secured funding to begin doubling its manufacturing capacity to 200 million
pieces of Airopack annually. The upscaling process will start by the end of
2017. With this investment ATG is confirming its ability to bring
sustainable packaging innovations to the market at competitive costs,
becoming the new standard in planet friendly packaging solutions.

In December 2016 ATG opened its new state-of-the-art plant in Waalwijk, the
Netherlands, with an initial annual capacity of 80 million pieces of
Airopack. Airopack is a safe, all-plastic pressurized dispenser that is
environmentally and planet friendly. It was developed by ATG, which holds
its patent and is worldwide the sole producer of this unique dispenser. All
assets in the Waalwijk plant are installed and fully operational according
to plan, achieving an Acceptance Quality Limit (AQL) level of 0.065 for
critical defects, the highest quality standard in the packaging industry.

Doubling manufacturing capacity
Due to continued strong customer demand, ATG is now commencing expansion of
its manufacturing capacity at the Waalwijk plant. An increase of installed
capacity to 100 million pieces annually is targeted by end 2017, with a
further modular expansion of installed capacity to 200 million pieces
annually over the course of 2018. The modular layout of the current plant
provides for straightforward upscaling of capacity with minimal business
disruption.

Funding secured
ATG will fund its business plan with a combination of (i) a capital increase
with expected net proceeds of approximately EUR 11.7 million, (ii) an
additional EUR 10 million debt facility provided by funds managed by
affiliates of Apollo Global Management, LLC (the "Apollo Funds"), and (iii)
asset-based financing, including lease and factoring provided by Rabobank
and KBC respectively.

Capital increase
A private placement of 1,228,955 registered shares in ATG with a nominal
value of CHF 5.00 per share has been fully subscribed by investors at an
issue price of CHF 10.65 each. Apollo Funds will participate in the private
placement pro rata for their current shareholding. New shares will be issued
from the authorized capital and will be entitled to dividends from the
financial year 2017 onwards. Completion of the private placement and listing
of the new shares in accordance with the Swiss Reporting Standard of SIX
Swiss Exchange is expected in the first half of July 2017.

For more information:

For media:

Hill + Knowlton Strategies
Frans van der Grint

T: 31 (0) 20 404 4707
E-Mail: frans.vandergrint@hkstrategies.com

For investors:

Airopack Technology Group AG
Quint Kelders, CEO / Liebwin van Lil, CFO

Zugerstrasse 76b
CH-6340 Baar
TF: +31 416 300 800
E-Mail: quint.kelders@airopackgroup.com
E-Mail: liebwin.vanlil@airopackgroup.com
www.airopackgroup.com

   Airopack Technology Group AG is a leading developer and supplier of
   mechanical and pressure-controlled dispensing packaging technologies
   and systems for manufacturers and suppliers of cosmetics, body care,
   pharmaceutical and food products. The revolutionary and worldwide and
   solely by ATG patented Airopack(R) technology offers a safe,
   all-plastic pressurized dispenser that is environmentally and planet
   friendly.

   Airopack Technology Group operates a Airopack Ready to Fill
   manufacturing facility in Waalwijk, The Netherlands and a Full-Service
   Filling operation in Heist-op-den-Berg Belgium. The Global Research
   and Development Team and the Airopack Global Management as well as the
   Customer Service Organisation are also based in Waalwijk, The
   Netherlands.

   The shares of the company are listed on the Swiss Reporting Standard
   of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN:
   CH0242606942).
                           www.airopackgroup.com


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Ende der Ad-hoc-Mitteilung

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   Sprache:        Deutsch
   Unternehmen:    Airopack Technology Group AG
                   Zugerstrasse 76b
                   6340 Baar
                   Schweiz
   Telefon:        +41 417663500
   Fax:            +41 417663509
   E-Mail:         liebwin.vanlil@airopackgroup.com
   Internet:       www.airopackgroup.com
   ISIN:           CH0242606942
   Börsen:         SIX Swiss Exchange



   Ende der Mitteilung    EQS Group News-Service
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585149 21.06.2017 CET/CEST

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