Ekosem-Agrar AG: Noteholders vote in favor of restructuring the Ekosem-Agrar bond 2019/2024
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Inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Ekosem-Agrar AG: Noteholders vote in favor of restructuring the Ekosem-Agrar bond 2019/2024
Walldorf, 31 May 2022 – The meeting of the noteholders of the Ekosem-Agrar bond 2019/2024 (ISIN: DE000A2YNR08) approved by a clear majority of over 99% the proposal of the noteholders’ advisory committee the restructuring of the bond put to the vote by the company.
The proposal essentially provides for the interest rate to be reduced to 2.5% p.a. and the term of the bond to be extended by 5 years. The difference between the original interest rate and the reduced interest rate of 2.5% will be paid out at maturity in addition to the nominal repayment amount. For the reduced interest rate of 2.5%, there is a deferral arrangement involving the Joint Representative and the members of the noteholders’ advisory council. Regarding the repayment option in the event of a change of control, it was decided to increase the quorum for the effectiveness of the exercise of the option to 51% of the outstanding nominal amount of the bond.
The resolutions approved at the two bondholders' meetings on 30 May 2022 and 31 May 2022 are already available on the Company's website at
https://www.ekosem-agrar.de/en/investor-relations/ and are expected to be published in the Federal Gazette on Wednesday, 1 June 2022.
Contact
Ekosem-Agrar AG
Ekosem-Agrar AG // T: +49 (0) 6227 3585 919 // E:
[email protected]
Press / Investor Relations
Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: +49 (0) 221 9140 970 // E:
[email protected]
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