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Enterprise Holdings Limited: Enterprise Holdings significantly reduces outstanding amount of its 2012/17 bond issue by EUR 9.2m to EUR 19.5m

DGAP-News: Enterprise Holdings Limited / Key word(s): Bond/Corporate
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Enterprise Holdings Limited: Enterprise Holdings significantly reduces
outstanding amount of its 2012/17 bond issue by EUR 9.2m to EUR 19.5m

08.10.2015 / 11:19

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Enterprise Holdings significantly reduces outstanding amount of its 2012/17
bond issue by EUR 9.2m to EUR 19.5m

Enterprise Holdings had received earlier this year a notice of termination
for its Corporate Bond 2012/17 (ISIN: DE000A1G9AQ4) effective as of
September 26th, 2015 from an institutional investor. In the following,
bonds representing the amount of EUR 9.175m nominal value have been
redeemed by the issuer. Payment has been made by using the funds in the
dedicated special account as described in the terms & conditions of the
issue. The company in October therefore credited more than 800,000 Euro to
the special account and will continue to credit this special account on a
monthly basis by at least 500,000 Euro to ensure payment of annual interest
and the nominal amount at maturity in 2017.

The right of terminating further bonds has ultimately expired.

Andrew Flowers, CEO of Enterprise Holdings Ltd.: "We are very pleased that
we have been able to take the chance to repurchase this substantial amount
of our bond 2012/17. The buy back is going to generate additional profit
for Enterprise Holdings through lower future interest expenditures and has
furthermore reduced the outstanding amount of said bond issue from 28.7m
Euro to 19.5m Euro."


End of corporate news

Enterprise Holdings Ltd. Group - an owner-lead insurance firm
Lead by its founder the company holds several other subsidiaries together
with affiliated service companies. The Group offers independent white label
general insurance solutions, apart from life insurance products. The
affiliated companies deliver insurance specific auditing services as well
as administrative and marketing services. The Group focuses its activities
on high-yield niches within the European general insurance market. The main
category of the offered insurances is in the field of automobile damage and
third party insurance, legal costs insurance, household contents insurance
and guarantees. Main markets are currently the United Kingdom, France,
Greece and Italy.

Bond issue 2015/20
Since 30 March 2015 the Enterprise Holdings' corporate bond 2015/20 is
listed in the Entry Standard segment at Boerse Frankfurt (International
Security Identification Number (ISIN): DE000A1ZWPT5). In March 2015 the
bond received an BBB+ rating from Creditreform Rating AG. The issued volume