EQS-News 109 0 Kommentare Metalcorp Group: Voting without meeting achieves very high approval rates but falls just short of required quorum; 2nd noteholders’ meeting scheduled for 18 December 2023 in Frankfurt am Main

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Voting without meeting falls short of required quorum.
2nd noteholders' meeting scheduled for 18 December 2023.
Quorum for 2nd meeting already covered by ad hoc group.

EQS-News: Metalcorp Group S.A. / Key word(s): Bond
Metalcorp Group: Voting without meeting achieves very high approval rates but falls just short of required quorum; 2nd noteholders’ meeting scheduled for 18 December 2023 in Frankfurt am Main

29.11.2023 / 19:26 CET/CEST
The issuer is solely responsible for the content of this announcement.

Metalcorp Group: Voting without meeting achieves very high approval rates but falls just short of required quorum; 2^nd noteholders’ meeting scheduled for 18 December 2023 in Frankfurt am Main

Luxembourg, 29 November 2023 – Metalcorp Group S.A. announces that according to the notary public acting as chairman of the vote, the voting without meeting regarding the 2021/2026 Notes (ISIN: DE000A3KRAP3) (the “Notes”) reached approximately 45.6% of the outstanding principal amount of the Notes with over 99% of votes in favour to each of the four agenda items. However, despite this excellent result, the attendance fell just short of the quorum of 50% of the outstanding Notes required for a voting without meeting. Accordingly, the company will invite the noteholders to a 2^nd noteholders’ meeting, which is scheduled to take place on 18 December 2023 in Frankfurt am Main in the form of a physical meeting. The required quorum in the 2^nd noteholders’ meeting will be 25% of the outstanding Notes which is already more than covered by the holdings of the members of the ad hoc group of noteholders who entered into a lock-up agreement with the company regarding their votes.

The invitation is expected to be published in the German Federal Gazette (Bundesanzeiger) on 30 November 2023 and will be available for download on the company website www.metalcorpgroup.com under “Investor Area / Noteholder voting 2021/2026 Notes”. The agenda and proposed resolutions will remain the same as for the voting without meeting.

About Metalcorp Group S.A.:
Metalcorp Group is a diversified global service provider in the metals and minerals industry including procurement, marketing, mining, and processing of such products. The business activities are divided into the Aluminium and Bulk and Ferrous Sub-Group and the Metals & Concentrates Sub-Group. The 2021/2026 bond (ISIN: DE000A3KRAP3) and the 2017/2023 bond (ISIN: DE000A19MDV0) are traded on the Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange).

For further information:
Better Orange IR & HV AG
Frank Ostermair, Linh Chung
+49 89 8896906-25
metalcorp@better-orange.de

Metalcorp Group S.A.
Anouar Belli
+352 2799 0145 55
abelli@metalcorpgroup.com

29.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Metalcorp Group S.A.
	26, Boulevard Royal
	L-2449 Luxembourg
	Luxemburg
Internet:	www.metalcorpgroup.com
ISIN:	DE000A3KRAP3, DE000A19MDV0
WKN:	A3KRAP, A19MDV
Listed:	Regulated Unofficial Market in Berlin, Frankfurt, Tradegate Exchange
EQS News ID:	1784895