- ISIN DE000A1TNA39
- Country Deutschland
Rickmers Holding AG i.I.
No quorum for vote without a meeting / second bondholders’ meeting on 1 June 2017
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Rickmers Holding AG / Key word(s): Bond NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
No quorum for vote without a meeting / second bondholders’ meeting on 1 June 2017 The vote by bondholders of Rickmers Holding AG held without a meeting between 8 May 2017, 00:00 hrs and 10 May 2017, 24:00 hrs regarding the EUR 275 million 8.875% bonds 2013/18 (ISIN: DE000A1TNA39 / WKN: A1TNA3), divided into 275,000 bearer bonds carrying equal rights in the nominal amount of EUR 1,000.00 each (“Rickmers Bond”) did not achieve the necessary quorum of at least half of the outstanding bond capital. In total, bondholders holding bonds representing EUR 47.763 million participated in the voting. This corresponds to 17.37% of the outstanding bond capital, meaning that the voting was not quorate, even though the majority of the participating bond capital voted in favor of the proposed restructuring plan. Against this background, Rickmers Holding AG will for the last time invite all bondholders to vote in favor of the restructuring plan in the so called second meeting of the bondholders in form of a physical meeting on 1 June 2017. The respective invitation by Rickmers Holding AG will be published on 12 May 2017. At this second bondholders’ meeting, the resolution proposals of Rickmers Holding AG regarding the appointment of a joint representative and authorisation of the same to finally negotiate and implement the bond restructuring plan for the Rickmers Bond will be put to the vote again. The second bondholders’ meeting will be able to validly resolve upon the authorisation of the joint representative only if the present bondholders represent at least 25% of the outstanding bond capital. If this quorum is not achieved or the bondholders do not approve the proposed restructuring plan by a qualified majority (75% of voting rights present) the reorganisation would likely fail and the positive continuation forecast of Rickmers Holding AG would likely no longer apply. Further information and voting documents for the second bondholders’ meeting are available on the homepage of Rickmers Holding AG (http://www.rickmers.com) under Investor Relations / Rickmers bond on 12 May 2017, 4 pm. Contact: Rickmers Holding AG Sabina Pech Senior Vice President Corporate Communications & Investor Relations Phone: +49 40 389 177 0 E-mail: info@rickmers.com Information and Explanation of the Issuer to this News: About the Rickmers Group The Rickmers Group is an international service provider in the maritime transport sector and a vessel owner, based in Hamburg. 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. Press enquiries: Kirchhoff Consult AG The material set forth in this announcement is for informational purposes only and does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption from the registration requirements of the Securities Act and any applicable securities laws of any state or other jurisdiction of the United States. No public offering of securities will be made in the United States. The material set forth in this announcement does not constitute an offer of securities for sale in any jurisdiction in which such an offer or solicitation is unlawful. No public offering of securities will be made in any member state of the European Economic Area.
11-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
| End of Announcement | DGAP News Service |