EQS-Adhoc

Ekosem-Agrar AG convenes noteholders' meetings, plans sale of shares in the Russian intermediate holding companies and negotiates participation of investors

EQS-Ad-hoc: Ekosem-Agrar AG / Key word(s): Bond/Capital Reorganisation Ekosem-Agrar AG convenes noteholders' meetings, plans sale of shares in the Russian intermediate holding companies and negotiates participation of investors 08-Apr-2024 / 08:02 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. Inside information pursuant to Art. 17 of Regulation (EU) No. 596/2014

Ekosem-Agrar AG convenes noteholders' meetings, plans sale of shares in the Russian intermediate holding companies and negotiates participation of investors

Walldorf, 8 April 2024 - The management board of Ekosem-Agrar AG announces its decision to offer the holders of the EUR 78 million 2.5% bearer bonds (ISIN: DE000A1RORZ5) ("ESA Bond 2012/2027") and the EUR 100 million 2.5% bearer bonds (ISIN: DE000A2YNR08) ("ESA Bond 2019/2029"; ESA Bond 2012/2027 and ESA Bond 2019/2029 together "ESA Bonds") a restructuring concept for the ESA Bonds for resolution with the approval of the supervisory board. In particular, this restructuring concept provides for the noteholders to sell and transfer all notes of the ESA Bonds to a Cypriot purchasing company at a purchase price of 30% of the nominal value of the notes of the ESA Bonds, i.e. EUR 300.00 per note. The funds for this will be provided by investors, with whom an equity participation is also being negotiated (see below). The holders of both ESA bonds will be invited to the noteholders' meetings to be held in Wiesloch on 2 May 2024. The corresponding invitations to the noteholders' meetings will be published today in the German Federal Gazette.

Furthermore, the management board of Ekosem-Agrar AG announces that, in the current tense geopolitical and economic situation, the company plans to sell the shares held directly and indirectly in the Russian intermediate holding companies to a Russian acquiring company, which will be held by current shareholders of the company. The holding company shall thus be merged with the operating business and ensure the continuation of Ekosem Group's operating companies.

As mentioned above, the group is also in advanced negotiations with equity investors who intend to invest cash totalling up to EUR 100 million in the Russian acquiring company. One of the conditions for the equity investors' participation is that (i) the planned restructuring of the ESA Bonds and (ii) the transfer of the shares in the Russian intermediate holding companies are implemented.
 

Ekosem-Agrar Contact

Irina Makey // Ekosem-Agrar AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: [phone] // E: [e-mail]
 

Press / Investor Relations

Fabian Kirchmann, Jonas Schneider // IR.on AG // Phone: [phone] // E: [e-mail]

End of Inside Information

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

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Language:	English
Company:	Ekosem-Agrar AG
	Johann-Jakob-Astor-Str. 49
	69190 Walldorf
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.ekosem-agrar.de
ISIN:	DE000A1R0RZ5, DE000A2YNR08
WKN:	A1R0RZ , A2YNR0
Listed:	Regulated Unofficial Market in Frankfurt, Hamburg, Munich, Tradegate Exchange
EQS News ID:	1874813

End of Announcement	EQS News Service

1874813  08-Apr-2024 CET/CEST