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Ekosem-Agrar AG: Deferral of interest payment due on 1 August 2022 to creditors of Ekosem-Agrar bond 2019/2024

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Ekosem-Agrar AG / Key word(s): Bond
Ekosem-Agrar AG: Deferral of interest payment due on 1 August 2022 to creditors of Ekosem-Agrar bond 2019/2024

20-Jul-2022 / 17:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ekosem-Agrar AG: Deferral of interest payment due on 1 August 2022 to creditors of Ekosem-Agrar bond 2019/2024

Walldorf, 20 July 2022 – Ekosem-Agrar AG, in consultation with e. Anleihe GmbH, joint representative of the Ekosem-Agrar bond 2019/2024, and the company’s bondholders’ advisory council, has decided to exercise the right resolved at the bondholders’ meeting on 31 May 2022 and to defer payment of the interest claims of the creditors of the ESA bond 2019/2024 due on 1 August 2022 for one year. This means that Ekosem-Agrar AG will initially not pay the interest and declare the corresponding deferral upon execution of the bondholders’ resolutions. In the company’s view, this deferral is necessary in order not to jeopardize the company’s further development in the current difficult environment.

In addition, a retail investor has brought an action of annulment against the resolutions of the bondholders' meeting of the ESA bond 2019/2024 of 31 May 2022, which the Company considers to be querulous. The resolutions adopted at the two bondholders’ meetings on 30 and 31 May 2022 can therefore not yet be executed at present. The company will prepare an application for release, which will be decided on by the Karlsruhe Higher Regional Court in the first and last instance. The joint representative has announced that it will not demand the claims arising from the Ekosem-Agrar bond 2019/2024 until the decision of the Karlsruhe Higher Regional Court on the application for release.

Ekosem-Agrar contact
Irina Makey // Ekosem-Agrar AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3585 919 // E: irina.makey@ekosem-agrar.de

Press / Investor Relations
Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: +49 (0) 221 9140 970 // E: presse@ekosem-agrar.de

20-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Ekosem-Agrar AG

Johann-Jakob-Astor-Str. 49

69190 Walldorf

Germany

Phone:

+49 (0)6227 358 59 33

Fax:

+49 (0)6227 358 59 18

E-mail:

info@ekosem-agrar.de

Internet:

www.ekosem-agrar.de

ISIN:

DE000A1MLSJ1, DE000A1R0RZ5

WKN:

A1MLSJ, A1R0RZ

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1402385


 

End of Announcement

DGAP News Service

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