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    DGAP-News  594  0 Kommentare Rickmers Maritime Singapore bond coupon payment default has no impact on the financing of Rickmers Holding and its subsidiaries

    DGAP-News: Rickmers Holding AG / Key word(s): Financing/Bond
    Rickmers Maritime Singapore bond coupon payment default has no impact on the
    financing of Rickmers Holding and its subsidiaries

    18.11.2016 / 10:29
    The issuer is solely responsible for the content of this announcement.

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    18 November 2016


    Rickmers Maritime Singapore bond coupon payment default has no impact on
    the financing of Rickmers Holding and its subsidiaries

    Hamburg, 18 November 2016 - On 15 November 2016 Rickmers Trust Management
    Pte. Ltd., in its capacity as Trustee Manager of Rickmers Maritime,
    Singapore, announced that Rickmers Maritime is not in a position to make
    the coupon payments due on 15 November 2016 to holders of the bond (ISIN
    NO. SG6QC6000001) issued by Rickmers Maritime.

    This announcement and the default on coupon payments have no impact on the
    financing of Rickmers Holding AG and its subsidiaries:

    - Rickmers Holding AG and its subsidiaries on the one hand and Rickmers
    Maritime on the other do not have any common financing structures;
    their sources of finance are fully separate from one another.


    - Neither does the coupon-payment default on the bond issued by Rickmers
    Maritime trigger any Cross-Defaults or Events of Default under the
    terms of the financing structures of Rickmers Holding AG or its
    subsidiaries.


    - Through the sale of all shareholdings in Rickmers Trust Management Pte.
    Ltd. on 17 October 2016 Rickmers Maritime is no longer controlled by
    Rickmers Holding AG. From this time forward the equity method will be
    used to include Rickmers Maritime in the Group's consolidated financial
    statements as a shareholding in an associated company.


    Moreover, the business activities of Rickmers Maritime on the one hand and
    the Rickmers Group on the other are completely separate from one another.
    From an overall Group perspective the Rickmers Group merely provides an
    insignificant volume of maritime services for the vessels operated by
    Rickmers Maritime. Furthermore there also is no operational impact on the
    vessels owned by Rickmers Group.

    About the Rickmers Group
    The Rickmers Group is an international service provider in the maritime
    transport sector and a containership owner with a global blue chip customer
    base. It is represented in its main offices in Hamburg and Singapore, in
    eleven countries and more than 50 sales agencies worldwide. The Group's
    business activities are divided into three segments: Maritime Assets,
    Maritime Services and Rickmers-Linie.

    In the Maritime Assets segment the Rickmers Group is active as Asset
    Manager for its own vessels and also for those of third parties. The Group
    initiates and coordinates shipping projects, organises financing and
    acquires, charters and sells ships. In the Maritime Services business
    segment the Rickmers Group provides shipmanagement services for its own
    vessels as well as for those owned by third parties; these services
    comprise technical and operational management, crewing, newbuild
    supervision, consultancy and insurance-related services. In the Rickmers-
    Linie business segment the Rickmers Group operates as a shipping line for
    breakbulk, heavy lift and project cargo, and additionally offers individual
    voyages.

    Press inquiries:

    Kirchhoff Consult AG
    Jens Hecht
    T: +49 (0)40 60 91 86 0
    F: +49 (0)40 60 91 86 60
    E: jens.hecht@kirchhoff.de


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    18.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
    service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Archive at www.dgap.de

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    Language: English
    Company: Rickmers Holding AG
    Neumühlen 19
    22763 Hamburg
    Germany
    Phone: +49 40 389177 0
    Fax: +49 40 389177 500
    E-mail: info@rickmers.com
    Internet: www.rickmers.com
    ISIN: DE000A1TNA39
    WKN: A1TNA3
    Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
    Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
    Open Market in Frankfurt (Prime Standard for Corporate
    Bonds)


    End of News DGAP News Service
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    522355 18.11.2016


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    DGAP-News Rickmers Maritime Singapore bond coupon payment default has no impact on the financing of Rickmers Holding and its subsidiaries DGAP-News: Rickmers Holding AG / Key word(s): Financing/Bond Rickmers Maritime Singapore bond coupon payment default has no impact on the financing of Rickmers Holding and its subsidiaries 18.11.2016 / 10:29 The issuer is solely responsible for the …