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    EQS-News  241  0 Kommentare R-LOGITECH concludes share purchase and joint resale agreement for redemption of secured mezzanine

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    • R-Logitech sells shares in Thaumas to repay mezzanine facility.
    • Transaction eliminates repayment obligation and shifts ownership.
    • Proceeds from sale benefit bondholders and new money providers.

    EQS-News: R-LOGITECH S.A.M. / Key word(s): Miscellaneous
    R-LOGITECH concludes share purchase and joint resale agreement for redemption of secured mezzanine

    24.06.2024 / 20:00 CET/CEST
    The issuer is solely responsible for the content of this announcement.


    Monaco, 24th June 2024 – R-Logitech S.A., a subsidiary of R-Logitech S.A.M. based in Luxembourg, has completed the sale of a portion of its shares in Thaumas N.V. to its co-shareholders in Thaumas, PMV and SFPIM (as purchasers). The sale is made on the basis of an agreement with its co-shareholders on a share purchase and joint resale of such portion of Thaumas shares that is sufficient to finance the repayment of the secured mezzanine facility of R-Logitech S.A. which matures today. As a consequence of the transaction, the mezzanine facility has been repaid today, and R-Logitech is no longer the majority shareholder in Thaumas.

    As indicated in the invitation to vote published on 7 June 2024, the transaction not only eliminates the repayment obligation due, it is also a first step towards a timely sale of the entire 53% stake in Thaumas held by R-Logitech S.A. which will now be pursued jointly by all three shareholders of Thaumas. The proceeds from the sale, subject to a certain compensation to the purchasers over the mezzanine repayment amount, will be for the benefit of R-Logitech’s bondholders and new money providers as set out in the invitation to vote published in June 2024. The Company calls on all bondholders to participate in the voting process closing today. 

    About R-LOGITECH S.A.M.:

    R-LOGITECH is one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector. The group’s primary business lines are port and terminal management and specialist logistics.

    R-LOGITECH S.A.M.

    investorrelations@r-logitech.com



    24.06.2024 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.

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


    Language: English
    Company: R-LOGITECH S.A.M.
    7, rue du Gabian
    98000 Monaco
    Monaco
    Phone: +377 97 98 67 71
    E-mail: investorrelations@r-logitech.com
    Internet: www.r-logitech.com
    ISIN: DE000A3LJCA6, DE000A3K73Z7
    WKN: A3LJCA, A3K73Z
    Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart
    EQS News ID: 1931967

     
    End of News EQS News Service

    1931967  24.06.2024 CET/CEST

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    EQS-News R-LOGITECH concludes share purchase and joint resale agreement for redemption of secured mezzanine EQS-News: R-LOGITECH S.A.M. / Key word(s): Miscellaneous R-LOGITECH concludes share purchase and joint resale agreement for redemption of secured mezzanine 24.06.2024 / 20:00 CET/CEST The issuer is solely responsible for the content of this …