Metalcorp Group S.A.
Metalcorp Group S.A.: Bondholders approve all proposed resolutions recommended by the company by a large majority
EQS-News: Metalcorp Group S.A.
/ Key word(s): Bond
Metalcorp Group S.A.: Bondholders approve all proposed resolutions recommended by the company by a large majority
Of the outstanding bonds with voting rights with a nominal value of EUR 300 million, bonds with a nominal value of EUR 124.003 million were represented, which corresponded to a presence of 41.33% and was therefore well above the required quorum of at least 25%. With the resolutions passed today on the 2021/2026 Notes, which correspond to the economic content of the resolutions passed by the holders of the 2017/2023 Notes (ISIN: DE000A3LQF45) in June of this year, the conditions for a consensual restructuring of the Metalcorp Group (the “Transaction”) have been met, which now only requires legal implementation. The resolution now passed was also one of the closing conditions with regard to the resolutions of the holders of the 2017/2023 Notes. The Transaction is expected to be completed in February 2024 with the tender offer of the new bonds and the exchange of the existing bonds. The payment of the participation fee offered to the bondholders in connection with the noteholders’ meeting for the 2017/2023 Notes is also expected to take place upon completion of the Transaction. Metalcorp Group S.A.
18.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG. |
Language: | English |
Company: | Metalcorp Group S.A. |
26, Boulevard Royal | |
L-2449 Luxembourg | |
Luxemburg | |
Internet: | www.metalcorpgroup.com |
ISIN: | DE000A3KRAP3, DE000A3LQF45, DE000A19MDV0 |
WKN: | A3KRAP, A3LQF4, A19MDV |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Tradegate Exchange |
EQS News ID: | 1799399 |
End of News | EQS News Service |