Wirecard AG files for insolvency

ir.wirecard.com/websites/wirecard/English/5110/news-detail.html?newsID=1988247&fromID=1000

Wirecard AG: Application for opening of insolvency proceedings

25-Jun-2020 / 10:27 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Aschheim, June 25, 2020: The management board of Wirecard AG has decided today to file an application for the opening of insolvency proceedings for Wirecard AG with the competent district court of Munich (Amtsgericht München) due to impending insolvency and over-indebtedness.

It is currently evaluated whether insolvency applications have to be filed for subsidiaries of Wirecard Group.