DGAP-News: Electrawinds SE: bankruptcy of the holdingcompany

"On January 26^th, 2018 Electrawinds SE has applied for judicial reorganization. On February 16^th 2018, the Commercial Court in Ghent/Bruges has decided to grant protection against creditors for Electrawinds SE for a period till June 22^nd , 2018 in order to allow the company to transfer under judicial supervision as specified in art. 23 Wet betreffende de Continuïteit van Ondernemingen. On June 22^nd 2018 the court decided to extend the aforementioned period till July 13^th 2018. On July 12^th 2018 the court decided not to grant another period of protection against creditors to Electrawinds SE. By this decision the judicial reorganization procedure ended. As there was no successful transfer according to art. 23 Wet betreffende de Continuïteit van Ondernemingen the Company has still financial distress. That is why Electrawinds SE filed for bankruptcy. By the decision dd. 3/08/2018 the company has been declared bankrupt. Mr. A. Hinderyckx and Mr H. Dekeyzer have been appointed as liquidators  
The bankruptcy of the holdingcompany does in first instance not influence the continuity of Electrawinds nv and the other remaining group companies."