si intendono due cose:
1) erano sicuri di non avere quorum alla prima votazione per complicazioni burocratiche etc.
2) sono certi che alla seconda convocazione più semplice proceduralmente e con quorum ridotto al 25% il rollover passerà.
Il business sembra sano , la sola magagna che non è poco resta il cambio rublo/euro quando si sistemerà?
Ekosem-Agrar GmbH invites to the second creditor vote
· First consultations without a meeting is not expected to have a quorum
· Second creditors' meetings on 16 and 17 March 2016
Walldorf, February 19, 2016 - The management of Ekosem-Agrar GmbH, the German holding company of the aligned on milk production in Russia group of companies Ekoniva, announced that in the polls without a meeting of the creditors of Ekosem agricultural bond 2012/2017 (ISIN: DE000A1MLSJ1 ) and the Ekosem agricultural bond 2012/2018 (ISIN: DE000A1R0RZ5) pursuant expected both less than 50 percent of the outstanding bonds voted §18 SchVG. This was no quorum for this vote.
The votes of the creditors of both bonds were held until February 19, 2016 (8:00) from February 16, 2016 (00:00). The vote for ESA bond 2012/2017 participated Bondholders bonds amounting to (rounded) 20 percent of the outstanding bonds with a total nominal value of EUR 50,000,000.00 represented. Support for the main agenda item 1 (rollover of bonds) was in this case more than 90 percent. The vote of the ESA bond 2012/2018 participated Bondholders bonds amounting to (rounded) 17 percent of the outstanding bonds with a total nominal value of EUR 78,000,000.00 represented. Here, the approval rate was on agenda item 1 at about 95 percent.
Due to the insufficient coordination participation a second creditors' vote will each convene, which will take place as a physical meeting for the purpose of a new resolution. Here is a reduced quorum of 25% of the outstanding bond volume for Beschlussfähgkeit is required. The meeting of creditors of the ESA bond 2012/2017 will take place on 16 March 2016, the meeting of creditors of the ESA bond 2012/2018 on March 17, 2016 respectively in Wiesloch (b. Walldorf). The invitations to the two meetings are expected to be published on 22 February 2016 the Federal Gazette.
Wolfgang Bläsi, CEO and CFO of Ekosem-Agrar GmbH: "Since the announcement of Prolongationspläne in January, we have received a lot of support for our plans in dialogue with approximately 200 institutional and private investors. This is reflected in the high rates that voted in the first voting for the renewal of the bonds. That the quorum has not been reached by 50 percent as in almost all known cases on the market, is in our view particularly to the complex voting procedure, as well as information barriers to foreign investors. In the now imminent second creditors' meetings, the procedure is simplified. Here there is also the possibility to be represented by an agent on site. Even so we are very confident that the required majority of the bondholders in the presence meetings - in a quorum for the quorum of 25% -. To win for our project "
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About Ekosem Agriculture
Ekosem-Agrar GmbH, Walldorf, is the German holding company of Ekoniva - group, one of the largest Russian agricultural enterprises. With an inventory of over 5 5.0 00 cattle (2 of 5, 000 dairy cows) and an average milk yield of about 500 tons per day, the company's top milk producer in the country. The group has an agricultural area of around 196,000 hectares and is also among the leading producers of seeds. Founder and managing director of the company Stefan Dürr, who is active in Russian agriculture since the late 19 80s and their modernization has played a decisive role in the last two decades. For his services to the German-Russian Agrarian dialogue he was awarded the 2009 Order of Merit. The Group has approximately 3,500 employees at six locations in Russia. Ekosem agriculture in the financial year 201 4 an operating capacity of 156.5 million Euro and an EBIT of 44.5 million Euro earned. For further information:
Ekosem Agrar - EKOSEM AGRAR - Moderne Landwirtschaft in neuer Dimension
contact
Irina Schwachhofer // Ekosem-Agrar GmbH // Johann Jakob Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3585 919 // E:
[email protected] //
Ekosem Agrar - EKOSEM AGRAR - Moderne Landwirtschaft in neuer Dimension
Press / Investor Relations
Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E:
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