Schaffner EMV AG contests action by the bankruptcy estate of Sputnik Engineering AG in liquidation

Media Release

Schaffner EMV AG contests action by the bankruptcy estate of Sputnik Engineering AG in liquidation

Luterbach, 30 January 2016 – The Schaffner Group was informed on Friday, 29 January 2016, that the bankruptcy estate of Sputnik Engineering AG in liquidation has filed an action against Schaffner EMV AG in the Commercial Court in Berne in connection with alleged product deficiencies. The amount claimed by Sputnik Engineering AG in liquidation is CHF 2.9 million for the time being.

Schaffner EMV AG contests the action filed by the bankruptcy estate of Sputnik Engineering AG in liquidation and will respond in the context of the legal proceedings.

Contacts

Alexander Hagemann
Chief Executive Officer
T +41 32 681 66 06
alexander.hagemann@schaffner.com

Kurt Ledermann
Chief Financial Officer
T +41 32 681 66 08
kurt.ledermann@schaffner.com

Financial calendar

12 May 2016

6 December 2016

12 January 2017

Publication of half-year report 2015/16 (half-year results)

Publication of annual report 2015/16 (full-year results)

21st Annual General Meeting

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