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Corestate management board no longer believes that success of restructuring negotiations is more likely than not

Corestate Capital Holding S.A. / Key word(s): Restructure of Company
Corestate management board no longer believes that success of restructuring negotiations is more likely than not

18-Nov-2022 / 19:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Corestate management board no longer believes that success of restructuring negotiations is more likely than not

Frankfurt, November 18, 2022 – Based on information received today on the progress of the negotiations between representatives of major noteholders and equity investors, the management board of Corestate Capital Holding S.A. ("CCHSA") has come to the conclusion tonight that in the management board's view it is no longer sufficiently likely that the restructuring negotiations conducted with major noteholders will be concluded successfully. As a result, the convertible bond is expected to become due and payable on November 28, 2022. In light of this situation, the management board will review whether CCHSA is under an obligation to file for insolvency. If so, CCHSA would file an insolvency application within the statutory one-month period.

Notifying person: 
Dr. Kai Gregor Klinger 
Chief Markets Officer 
T: +49 69 3535630107 
M: +49 152 22755400 
ir@corestate-capital.com 

18-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Corestate Capital Holding S.A.

4 Rue Jean Monnet

2180 Luxembourg

Luxemburg

Phone:

+49 69 3535630-107

Fax:

+49 69 3535630-299

E-mail:

IR@corestate-capital.com

Internet:

www.corestate-capital.com

ISIN:

LU1296758029

WKN:

A141J3

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1491855


 

End of Announcement

EQS News Service

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