DGAP-News
SINGULUS TECHNOLOGIES AG: Implementation of the Resolved Bond Restructuring
DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Restructure of Company
SINGULUS TECHNOLOGIES AG: Implementation of the Resolved Bond Restructuring
15.04.2016 / 13:45
The issuer is solely responsible for the content of this announcement.
SINGULUS TECHNOLOGIES AG: Implementation of the Resolved Bond Restructuring
15.04.2016 / 13:45
The issuer is solely responsible for the content of this announcement.
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Press Release
SINGULUS TECHNOLOGIES AG: Implementation of the Resolved Bond Restructuring
Kahl am Main, April 15, 2016 - The second bondholder meeting of the
SINGULUS TECHNOLOGIES AG with respect to the SINGULUS bond 2012/2017 (ISIN
DE000A1MASJ4 / WKN A1MASJ) resolved on February 15, 2016 a restructuring of
the SINGULUS bond, which the Extraordinary General Meeting also approved on
February 16, 2016. Actions for rescission were filed against the
resolutions of both meetings. Both actions for rescission against the
resolutions of the bondholder meeting and the Extraordinary General Meeting
were withdrawn in short term by the plaintiffs. Accordingly, the SINGULUS
TECHNOLOGIES AG commenced with the implementation of the resolved
restructuring of the SINGULUS bond.
The resolutions passed with respect to agenda items 4 to 7 as well as 12
and 13 of the bondholder meeting were already concluded by the custodian
Clearstream Banking AG. Accordingly, in particular the extension of the
interest payment from the SINGULUS bond until March 23, 2017 and the
temporary waiver of certain termination rights have become effective. The
implementation of the resolution regarding the exchange of the SINGULUS
bond into acquisition rights (agenda item 11) as well as the corporate
actions resolved by the Extraordinary General Meeting will follow soon.
Profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES develops and builds machines for economical and
resource-efficient production processes. The application areas include
vacuum thin-film and plasma coating for wet-chemical processes as well as
thermal process technologies.
For all machines, processes and applications SINGULUS TECHNOLOGIES utilizes
its know-how in the areas of automation and process technology in order to
develop additional, attractive work areas with innovative products next to
the existing application areas of Solar, Semiconductors and Optical Disc.
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924
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15.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@singulus.de
Internet: www.singulus.de
ISIN: DE0007238909, DE000A1MASJ4
WKN: 723890, A1MASJ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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454745 15.04.2016
Press Release
SINGULUS TECHNOLOGIES AG: Implementation of the Resolved Bond Restructuring
Kahl am Main, April 15, 2016 - The second bondholder meeting of the
SINGULUS TECHNOLOGIES AG with respect to the SINGULUS bond 2012/2017 (ISIN
DE000A1MASJ4 / WKN A1MASJ) resolved on February 15, 2016 a restructuring of
the SINGULUS bond, which the Extraordinary General Meeting also approved on
February 16, 2016. Actions for rescission were filed against the
resolutions of both meetings. Both actions for rescission against the
resolutions of the bondholder meeting and the Extraordinary General Meeting
were withdrawn in short term by the plaintiffs. Accordingly, the SINGULUS
TECHNOLOGIES AG commenced with the implementation of the resolved
restructuring of the SINGULUS bond.
The resolutions passed with respect to agenda items 4 to 7 as well as 12
and 13 of the bondholder meeting were already concluded by the custodian
Clearstream Banking AG. Accordingly, in particular the extension of the
interest payment from the SINGULUS bond until March 23, 2017 and the
temporary waiver of certain termination rights have become effective. The
implementation of the resolution regarding the exchange of the SINGULUS
bond into acquisition rights (agenda item 11) as well as the corporate
actions resolved by the Extraordinary General Meeting will follow soon.
Profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES develops and builds machines for economical and
resource-efficient production processes. The application areas include
vacuum thin-film and plasma coating for wet-chemical processes as well as
thermal process technologies.
For all machines, processes and applications SINGULUS TECHNOLOGIES utilizes
its know-how in the areas of automation and process technology in order to
develop additional, attractive work areas with innovative products next to
the existing application areas of Solar, Semiconductors and Optical Disc.
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924
---------------------------------------------------------------------------
15.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@singulus.de
Internet: www.singulus.de
ISIN: DE0007238909, DE000A1MASJ4
WKN: 723890, A1MASJ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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454745 15.04.2016