Hypo Alpe-Adria (Jersey) Limited
Hypo Alpe-Adria (Jersey) Limited (DE0006949555): Notice – Issue of second administrative decision by the Austrian Financial Market Authority
DGAP-News: Hypo Alpe-Adria (Jersey) Limited / Key word(s): Miscellaneous Notice Hypo Alpe-Adria (Jersey) Limited 75,000,000 euro Series A ISIN: DE0006949555 12 May 2017 On 10 April 2016 the Financial Market Authority in its function as resolution authority (“FMA”) issued a second mandate decree (Mandate Decree II) imposing resolution measures pursuant to BaSAG and transferring the control and exercise of all rights and powers conferred upon the holders of shares to the FMA. The administrative decision II concerning the challenge procedure relating to the Mandate Decree II was published on the FMA’s website (http://www.fma.gv.at) and was also published on the website of HETA ASSET RESOLUTION AG (“HETA”) (http://www.heta-asset-resolution.com/en/content/ad-hoc-releases-2017). The following statement that is relevant to the Company and that is therefore relevant to holders of the Preferred Securities was also included within the administrative decision II: “In accordance with § 50 (1) no. 1 in conjunction with § 74 (2) no. 4 in conjunction with §90 (1) no. 4 BaSAG, the nominal value of the subordinated liabilities of HETA which are not covered by I.2 of the ruling, including the respective interest accrued up to 28.02.2015, is reduced to zero. Without prejudice to the effects on all parties whose rights are affected by the resolution measures pursuant to § 116 (4) BaSAG, this concerns the following subordinated liabilities: Payment obligations of HETA arising from or in connection with the Support Agreement between (now) HETA and Hypo Alpe-Adria (Jersey) Limited of 13.07.2001 including addenda concerning the “EUR 75,000,000 7.375 per cent Series A Non-Cumulative Non-Voting Preferred Securities issued by Hypo AlpeAdria (Jersey) Limited“.
12.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Hypo Alpe-Adria (Jersey) Limited |
13 Castle Street | |
JE4 5UT St Helier | |
Jersey | |
ISIN: | DE0006949555 |
WKN: | DE00069495 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Hamburg |
End of News | DGAP News Service |