DGAP-News
SINGULUS TECHNOLOGIES Publishes Comprehensive Information About Restructuring Concept
DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Bond
SINGULUS TECHNOLOGIES Publishes Comprehensive Information About
Restructuring Concept
08.02.2016 / 15:45
The issuer is solely responsible for the content of this announcement.
SINGULUS TECHNOLOGIES Publishes Comprehensive Information About
Restructuring Concept
08.02.2016 / 15:45
The issuer is solely responsible for the content of this announcement.
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Press Release
SINGULUS TECHNOLOGIES Publishes Comprehensive Information About
Restructuring Concept
- Information package available online
- 2nd bondholder meeting at HILTON Hotel, Frankfurt am Main, on February
15, 2016 at 11 am - registration until February 12, 2016 at the latest
- Extraordinary shareholders' meeting at HILTON Hotel, Frankfurt am Main,
On February 16, 2016 at 10:30 am - registration until February 09, 2016
at the latest
- The Board asks shareholders and bondholders to participate
Kahl am Main, February XX, 2016 - The SINGULUS TECHNOLOGIES AG (SINGULUS
TECHNOLOGIES) publishes comprehensive information about the balance sheet
restructuring of the company including excerpts of the restructuring
opinion.
The information was published on today's February 08, 2016 on the home page
of www.singulus.de under the category "Credit Relations" under the section
"Second bondholder meeting on February 15, 2016".
SINGULUS TECHNOLOGIES invited the bondholders of the
EUR 60,000,000.00 7.75% bearer notes 2012 / 2017 to a second bondholder
meeting in Frankfurt am Main. The meeting will take place at the HILTON
FRANKFURT am Main, Hochstrasse 4, 60313 Frankfurt am Main, on February 15,
2016 at 11:00 a.m. (CET).
The concept for the restructuring of the existing corporate bond is
submitted for resolution. This restructuring concept, which has already
been coordinated structurally with the joint representative of the
bondholders in the previous year, fundamentally provides for the
bondholders' exchange of their respective bearer notes into acquisition
rights. These rights entitle the bondholders to acquire a certain number of
shares of the SINGULUS TECHNOLOGIES AG as well as a certain number of notes
of a secured bond, which will be issued by the company. In the course of
the then following second bondholder meeting the Executive Board of
SINGULUS TECHNOLOGIES will report on the current course of business
activities and will present the restructuring concept. The Board will also
provide details about the preliminary financial key figures for the
business year 2015.
Furthermore, the company has convened an Extraordinary General Meeting of
the company at the HILTON Hotel Frankfurt, Hochstrasse, 4, 60313 Frankfurt
Press Release
SINGULUS TECHNOLOGIES Publishes Comprehensive Information About
Restructuring Concept
- Information package available online
- 2nd bondholder meeting at HILTON Hotel, Frankfurt am Main, on February
15, 2016 at 11 am - registration until February 12, 2016 at the latest
- Extraordinary shareholders' meeting at HILTON Hotel, Frankfurt am Main,
On February 16, 2016 at 10:30 am - registration until February 09, 2016
at the latest
- The Board asks shareholders and bondholders to participate
Kahl am Main, February XX, 2016 - The SINGULUS TECHNOLOGIES AG (SINGULUS
TECHNOLOGIES) publishes comprehensive information about the balance sheet
restructuring of the company including excerpts of the restructuring
opinion.
The information was published on today's February 08, 2016 on the home page
of www.singulus.de under the category "Credit Relations" under the section
"Second bondholder meeting on February 15, 2016".
SINGULUS TECHNOLOGIES invited the bondholders of the
EUR 60,000,000.00 7.75% bearer notes 2012 / 2017 to a second bondholder
meeting in Frankfurt am Main. The meeting will take place at the HILTON
FRANKFURT am Main, Hochstrasse 4, 60313 Frankfurt am Main, on February 15,
2016 at 11:00 a.m. (CET).
The concept for the restructuring of the existing corporate bond is
submitted for resolution. This restructuring concept, which has already
been coordinated structurally with the joint representative of the
bondholders in the previous year, fundamentally provides for the
bondholders' exchange of their respective bearer notes into acquisition
rights. These rights entitle the bondholders to acquire a certain number of
shares of the SINGULUS TECHNOLOGIES AG as well as a certain number of notes
of a secured bond, which will be issued by the company. In the course of
the then following second bondholder meeting the Executive Board of
SINGULUS TECHNOLOGIES will report on the current course of business
activities and will present the restructuring concept. The Board will also
provide details about the preliminary financial key figures for the
business year 2015.
Furthermore, the company has convened an Extraordinary General Meeting of
the company at the HILTON Hotel Frankfurt, Hochstrasse, 4, 60313 Frankfurt