An insolvency plan submitted by Pfleiderer at the start of August and approved at a meeting of creditors on 12 September has taken effect following the approval of the Düsseldorf District Court. The planned capital measures were thus implemented and entered into the commercial register. Pfleiderer AG's equity capital was initially reduced to zero and a capital increase with the complete exclusion of subscription rights among former shareholders then took place. This reduction in capital to zero meant that existing shareholders' shares ceased to exist without any compensation; trading in Pfleiderer shares on the stock exchange thus came to a halt. The delisting and execution of capital measures means that the new Luxembourg investment firm Atlantik is Pfleiderer's sole shareholder.