Isar Capital Funding I Limited Partnership
Isar Capital Funding I Limited Partnership: Münchener Hypothekenbank eG terminates agreement on the silent participation of Isar Capital Funding I Limited Partnership in the commercial enterprise (Handelsgewerbe) of Münchener Hypothekenbank eG
Isar Capital Funding I Limited Partnership / Key word(s): Miscellaneous 20.11.2014 11:15 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- EUR 100,000,000 Capital Securities (Capital Securities) of Isar Capital Funding I Limited Partnership (St. Helier, Jersey, Channel Islands) ISIN: DE000A1APTA4 WKN: A1APTA Münchener Hypothekenbank eG terminates agreement on the silent participation of Isar Capital Funding I Limited Partnership in the commercial enterprise (Handelsgewerbe) of Münchener Hypothekenbank eG Today and with effect as of 31 December 2014, Münchener Hypothekenbank eG (the Bank) has terminated, within the agreed notice period, the agreement on the establishment of a silent partnership (the Participation Agreement) entered into by the Bank and Isar Capital Funding I Limited Partnership (the Issuer) on 24 November 2009. As a consequence of the termination of the Participation Agreement, the silent participation of the Issuer in the commercial enterprise of the Bank will terminate on 31 December 2014 and the silent contribution is to be repaid to the Issuer in accordance with the terms of the Participation Agreement. Subject to postponement pursuant to the terms of the Participation Agreement, the silent contribution is expected to be repaid on 30 June 2015. The Bank has indicated that - subject to a reduction of the commercial law book value of the silent contribution as specified in the Bank's balance sheet for the fiscal year ending 31 December 2014 which the Bank, on the basis of its financial figures as at 30 September 2014 and the assessment of its prospects until 31 December 2014, does not expect - the repayment amount pursuant to the terms of the Participation Agreement is expected to amount to EUR 100,000,000. As a consequence of the termination of the Participation Agreement, the Capital Securities are also to be redeemed on the repayment date of the silent contribution (expected to be 30 June 2015). Redemption of the Capital Securities will occur in accordance with the terms and conditions of the Capital Securities. St. Helier, Jersey, 20 November 2014 Isar Capital Funding I Limited Partnership 20.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Isar Capital Funding I Limited Partnership 13 Castle Street JE4 5UT St Helier Jersey Guernsey Phone: 44 (0)1534 702 117 Fax: E-mail: amanda.robinson@sannegroup.com Internet: ISIN: DE000A1APTA4 WKN: A1APTA Listed: Regulierter Markt in München; Freiverkehr in Berlin, Hamburg, Stuttgart; Frankfurt in Open Market ; Luxemburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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