Westwing to postpone the Annual General Meeting 2020 for an undefined period

Munich, April 3, 2020

Westwing Group AG is postponing its Annual General Meeting, previously announced for May 15, 2020, for an undefined period. This has been decided by the Management Board of the Company with the consent of the Supervisory Board; the Company is following the example of numerous other listed companies.

The Annual General Meeting shall be held within the legally prescribed periods, which might be subject to amendments by the legislator. The exact date will be announced in due course.

The decision was taken in light of the global spread of the Coronavirus (SARS-CoV-2). The health of its shareholders, the employees of Westwing Group AG and its service providers is the Company's utmost priority. By postponing the Annual General Meeting, Westwing seeks to do its part to curb the spread of the Coronavirus.

Contact:
Lorenz Erik Wittjen
General Counsel

 

About Westwing
Westwing is the leader in inspiration-based Home and Living eCommerce in Europe with EUR 267m of revenue in 2019. Through its 'shoppable magazine', Westwing inspires its loyal, mostly female customers with a curated product selection and combines that with gorgeous content. With unparalleled loyalty, Westwing is generating more than 80% of sales from repeat customers. Westwing's mission is: To inspire and make every home a beautiful home. The company was founded in 2011 and is headquartered in Munich. Westwing went public on the Frankfurt Stock Exchange in October 2018 and is active in eleven European countries.

Disclaimer
Certain statements in this communication may constitute forward looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties. You should not rely on these forward-looking statements as predictions of future events and the Company undertakes no obligation to update or revise these statements. The Company's actual results may differ materially and adversely from any forward-looking statements discussed in this press release due to a number of factors, including without limitation, risks from macroeconomic developments, external fraud, inefficient processes at fulfilment centres, inaccurate personnel and capacity forecasts for fulfilment centres, hazardous material / conditions in production with regard to private labels, lack of innovation capabilities, inadequate data security, lack of market knowledge, risk of strike and changes in competition levels