Pearl gold

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PEARL GOLD AG
legal form Corporation
ISIN DE000A0AFGF3
founding 2008
Seat
management Julia Boutonnet ( board member )
Number of employees 0 (line only)
sales 26,847 euros (2013)
Branch Holding company
Website www.pearlgoldag.com
Status: 2019

The Pearl Gold AG is a German holding company with headquarters in Frankfurt am Main . The company's core business was investing in gold mining projects in Africa. The company has been insolvent since June 2016.

history

The company was founded on November 11, 2008 as Perle 16. AG . In September 2010 the name was changed to Perl Gold AG and on December 17, 2010 the company went public on the Open Market of the Frankfurt Stock Exchange . On September 25, 2012, the share was re-listed in the General Standard and thus included in the CDAX .

For the 2013 financial year, assets and financial assets had to be depreciated in the amount of more than 185 million euros. General meetings were called repeatedly, then postponed and ultimately canceled. The 2013 annual report was delayed and only submitted in 2016 with corrections. The company's only source of income was proceeds from the sale of gold delivery rights. However, since gold production was not started, the gold delivery rights had to be viewed as worthless. As a result , an application for insolvency was filed at the Frankfurt am Main district court in June 2016 and insolvency proceedings were opened in October 2016.

In 2017 it was reported that the gold mine in Mali , from which the promised gold was supposed to come, had already been shut down in 2013 and that public prosecutors in France and Switzerland are now investigating suspicions of fraud and breach of trust. As of May 2019, investigations are ongoing in Germany against the former board member Michael Pacha because of bankruptcy, embezzlement and delay in bankruptcy. In 2015 he assured the shareholders that he could not explain the mine operator's mass layoffs. Also in 2015 delivery rights were sold for 175 euros per troy ounce , while the market price at that time was 1,080 euros. He is also accused of having sold 10,000 troy ounces of gold to himself through a third-party company, well below the market price. After the insolvency administrator filed a criminal complaint against Pacha, he resigned as a member of the board in 2017 and went into hiding.

In July 2019, an insolvency plan was presented, which was confirmed by the local court in August 2019. The plan is to end the bankruptcy and continue the company. For this purpose, the former partner company from Mali is to buy back gold delivery rights for 10.5 million euros. This amount will essentially cover the procedural costs. The general meeting can then pass a continuation resolution.

Web links

Individual evidence

  1. ↑ commercial register of PEARL GOLD AG from Berlin (HRB 84285). In: www.online-handelsregister.de. Retrieved October 18, 2019 .
  2. ^ Pearl GOLD AG, Berlin. In: www.northdata.de. Retrieved October 18, 2019 .
  3. ↑ Pearl GOLD AG - Address · Board of Directors: Julia Boutonnet · No longer Board of Directors: Michael Reza Pacha. In: www.northdata.de. Retrieved October 18, 2019 .
  4. ↑ a b c amended 2013 Annual Report (pdf) In: www.pearlgoldag.com. Retrieved October 18, 2019 .
  5. ↑ Pearl GOLD AG - Name · Purpose of the company · Articles of association. Retrieved October 18, 2019 .
  6. ^ Shares and stock exchange information of Pearl Gold AG. In: www.pearlgoldag.com. Retrieved October 18, 2019 .
  7. ^ Share information: Pearl Gold AG. In: www.boerse-frankfurt.de. Retrieved October 18, 2019 .
  8. ↑ PTA-News: PEARL GOLD AG: Letter to shareholders on insolvency proceedings. In: www.finanzen.net. Retrieved October 18, 2019 .
  9. ↑ PEARL GOLD AG | Bankruptcy Portal. Retrieved October 18, 2019 .
  10. ↑ Pearl Gold AG: Insolvency administrator appointed | Bankruptcy Portal. Retrieved October 18, 2019 .
  11. ↑ : Mine in Mali . In: Spiegel Online . tape 41 , October 7, 2017 ( spiegel.de [accessed October 18, 2019]).
  12. ↑ a b mining company: Pearl Gold AG gets entangled in a gold thriller. In: www.handelsblatt.com. Retrieved October 18, 2019 .
  13. ↑ PTA-Adhoc: PEARL GOLD AG: Possible insolvency plan to end the insolvency and continue the company. July 18, 2019, accessed October 18, 2019 .
  14. ↑ PTA-Adhoc: PEARL GOLD AG: Insolvency plan to end the insolvency and continuation of the company confirmed by the district court. August 23, 2019, accessed October 18, 2019 .