BRANICKS Group AG Gains Majority Support for Loan Extensions, Secures Bridge Financing, and Plans Supervisory Board Leadership Change

• Branicks Group AG's lenders voted in favor of extending promissory note loans by 96% - The promissory note loans will be extended until June 30, 2025 - Bridge financing for the acquisition of shares in VIB Vermögen AG was also extended with an immediate repayment of EUR 40 million - The remaining EUR 160 million of bridge financing will be extended until December 31, 2024 - The Company's corporate planning up to 2026 was confirmed by an independent business review - A new Chairman of the Supervisory Board will be elected by mid-April 2024, with the current Chairman remaining a member of the board and Chairman of other companies.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at BRANICKS Group is on 16.05.2024.

The price of BRANICKS Group at the time of the news was 1,0780EUR and was down -9,49 % compared with the previous day.
11 minutes after the article was published, the price was 1,2080EUR this corresponds to a plus of +12,06 % since publication.

BRANICKS Group

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ISIN:DE000A1X3XX4WKN:A1X3XX

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