Cessation of stock exchange trading on Xetra

The Company has received notice today that due to the filing of an application for insolvency proceedings of Gigaset AG, trading of the Gigaset share on the stock exchange trading venue Xetra has been suspended. The reason for this is that the Company has lost its CCP (Central Counter Part) eligibility, which is a prerequisite for Xetra trading.

Application for the opening of insolvency proceedings

The Executive Board of Gigaset AG today decided to file an application for the opening of regular insolvency proceedings for Gigaset AG and an application for the opening of insolvency proceedings in self-administration for its indirect subsidiary Gigaset Communications GmbH at the competent Local Court of Münster due to illiquidity. The business operations of the Gigaset Group will continue unchanged.

Inflation and Economic Slowdown necessitate Adjustment of Outlook for 2023

A current review and assessment of the further course of business for 2023 today have given the Management Board of Gigaset AG cause to adjust the previous forecast.

Annual General Meeting of 15 June 2023: Rejection of the capital reduction, three new candidates on the Supervisory Board and change in the chairmanship of the Supervisory Board

Annual General Meeting of 15 June 2023: Rejection of the capital reduction, three new candidates on the Supervisory Board and change in the chairmanship of the Supervisory Board

Annual General Meeting on 15 June 2023 - no postponement

The Executive Board of Gigaset AG has today received a letter signed by lawyers of Goldin Fund Pte. Ltd (In Liquidation) and Giant Achiever Holdings Limited requesting a postponement of the Annual General Meeting convened for tomorrow, 15 June 2023.

Shareholder proposals for elections to the Supervisory Board by the Annual General Meeting on 15 June 2023 and possible change in the chairmanship of the Supervisory Board

Gigaset AG today received countermotions and election proposals from the shareholder Ludic GmbH against proposals of the administration for resolutions at the Annual General Meeting to be held on 15 June 2023. Ludic GmbH announces, among other things, that it will reject the election proposals of the Supervisory Board for the re-election of the current Chairman of the Supervisory Board, Mr. Helvin Wong, as well as of Mr. Paolo Di Fraia and Mr. Ulrich Burkhardt. Mr. Andreas Tenhofen is newly...

Request for addition to the agenda of the Annual General Meeting on 15 June 2023 for a resolution on a capital reduction at a ratio of 8 to 1

Gigaset AG today received a request for additions to the agenda of the Annual General Meeting to be held on 15 June 2023 from the shareholder Ludic GmbH, represented by its Managing Director Mr Tom Hiss.

Currency and short-term material effects in Q4 have less impact on 2022 outlook than expected. EBITDA forecast for 2022 is raised.

The Executive Board today raised its corporate forecast, which was last adjusted on November 18th 2022.

* EBITDA* forecast improves, slight increase expected compared to 2021

* Revenue increase between EUR 235 million and 250 million confirmed unchanged

* Moderately positive free cash flow confirmed unchanged

Currency and short-term material effects in Q4 make it neces-sary to adjust the outlook for 2022 - revenue increase expected

A change in the information position and a current assessment of the further course of business in 2022 have today prompted the Executive Board of Gigaset AG to adjust the company's previous forecast.

Gigaset AG appoints Dr. Magnus Ekerot as new CEO and Chairman of the Executive Board

With today's resolution, the Supervisory Board of Gigaset AG has appointed Dr. Magnus Ekerot (53) as new CEO and Chairman of the Executive Board of the com-pany for a period of three years. He is scheduled to take up his duties on January 1st, 2023 at the latest.