EQS-Adhoc 109 0 Kommentare ESPG AG: Bondholders’ vote approves precautionary covenant waiver and potential bond increase

Für Sie zusammengefasst

Bondholders of ESPG AG approve covenant waiver and potential bond increase with over 99.9% majority.
Total-LTV covenant suspended as precautionary measure due to volatile market conditions.
Potential bond increase of up to 20% approved to provide company with more financial flexibility.

EQS-Ad-hoc: ESPG AG / Key word(s): Bond/Real Estate
ESPG AG: Bondholders’ vote approves precautionary covenant waiver and potential bond increase

21-March-2024 / 12:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ESPG AG: Bondholders’ vote approves precautionary covenant waiver and potential bond increase

Cologne, 21 March 2024: The bondholders of the European Science Park Group, a real estate company specialising in science parks, have almost unanimously approved the precautionary covenant waiver and a potential bond increase with a large majority of over 99.9 % in the written voting procedure. The quorum required for the voting without a meeting was also achieved.

The bondholders resolved to suspend the Total-LTV covenant as of the balance sheet date of 31 December 2023 as a precautionary measure and to delegate the decision on the Total-LTV covenant as of 31 December 2024 to the joint representative of the bondholders, Mr Klaus Nieding. This recognises the volatile market conditions in the real estate sector. In addition, a potential bond increase of up to 20% of the currently outstanding total nominal amount at a price of at least 95% of the nominal amount was approved in order to give the company more financial flexibility.

The resolutions adopted will be published on the ESPG website today and in the Federal Gazette in the coming days.

End of Inside Information

21-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:	English
Company:	ESPG AG
	Kleingedankstraße 11a
	50677 Köln
	Germany
Phone:	+49 (0)22180149800
Internet:	https://espg.space
ISIN:	DE000A2NBY22
WKN:	A2NBY2
Listed:	Regulated Unofficial Market in Dusseldorf, Frankfurt
EQS News ID:	1864389