Gigaset : Supervisory Board of Gigaset AG approves financing for investments of up to EUR 20 million
April 25, 2018 at 08:45 am EDT
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DGAP-Ad-hoc: Gigaset AG / Key word(s): Financing
Supervisory Board of Gigaset AG approves financing for investments of up to EUR 20 million
25-Apr-2018 / 14:39 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.
Ad hoc Message
WKN: 515600 / WKN A14KQ7
Munich, April 25, 2018
Supervisory Board of Gigaset AG approves financing for investments of up to EUR 20 million
Munich, April 25, 2018 [13:56 pm] - Today, the Supervisory Board of Gigaset AG approved investments of up to EUR 20 million. The credit agreement to be concluded between Gigaset Communications GmbH, a subsidiary of Gigaset AG, and a German regional bank as book runner has a term of 4.5 years and aims to expand the product portfolio in order to tap into new sales potentials.
Gigaset AG is an internationally operating company in the area of communications technology. The company is Europe's market leader in DECT telephones and is likewise a leader in the international arena, with around 900 employees and sales activities in around 70 countries. Its business activities comprise not only DECT phones, but also an extensive smartphone portfolio, cloud-based smart home security solutions, and business telephony solutions for small and medium-sized enterprises (SMEs).
Gigaset AG is listed in the Prime Standard of Deutsche Börse and is therefore subject to the highest transparency requirements. Its shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).
25-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Gigaset AG
Bernhard-Wicki-Straße 5
80636 München
Germany
Phone:
+89 444456 - 866
Fax:
+89 444456 - 930
E-mail:
info@gigaset.com
Internet:
www.gigaset.com
ISIN:
DE0005156004
WKN:
515600
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Gigaset AG is a Germany-based telecommunications company and manufacturer of telephones and related accessories. The Company operates through four segments: Phones, Smart phones, Smart home and Professional . The Phones segment provides a range of corded telephones, telephone systems, DECT systems and handsets for small and medium-sized enterprises (SMEs). Smart phones focuses on manufacturing smart phones for personal and profession use. Smart phone segment offers various solution in the area of security, comfort and energy as well as support of the elderly and people in need of assistance in the home care sector and provides connected systems for households, including cameras, sensors, sirens and other measurement equipment. Professional segment provides a range of corded telephones, telephone systems, DECT systems and handsets for small and medium-sized enterprises (SMEs).
GIGASET AG 
