Rickmers Holding AG i.I.

Solution for continuation of the Rickmers Group found: Consortium comprising the Zeaborn Group and Hamburg based shipowner Bertram R.C. Rickmers wins bidding process for ship management division

Delisting of bond initiated

Board of HSH Nordbank AG has surprisingly denied approval of the term sheet regarding the financial restructuring of the Rickmers Group; Rickmers Holding AG strives for restructuring in self-administration on the basis of continuation of the business and vessel operations

No quorum for vote without a meeting / second bondholders’ meeting on 1 June 2017

Rickmers Holding AG: Understanding reached on the cornerstones of the financial restructuring of the Rickmers Group, subject to creditors’ corporate approvals and restructuring of the Rickmers bond

Rickmers Holding AG rating updated to C (watch)