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Ekosem-Agrar AG · ISIN: DE000A1R0RZ5 · EQS - Company News (12 News)
Country: Germany · Primary market: Germany · EQS NID: 1911597
27 May 2024 09:44AM

Schutzgemeinschaft der Kapitalanleger e.V. recommends approval of the restructuring of the corporate bonds


EQS-News: Ekosem-Agrar AG / Key word(s): Bond/Capital Reorganisation
Ekosem-Agrar AG: Schutzgemeinschaft der Kapitalanleger e.V. recommends approval of the restructuring of the corporate bonds

27.05.2024 / 09:44 CET/CEST
The issuer is solely responsible for the content of this announcement.


Ekosem-Agrar AG: Schutzgemeinschaft der Kapitalanleger e.V. recommends approval of the restructuring of the corporate bonds

  • Risks of a total loss significantly higher than the chance of repayment once the geopolitical situation stabilizes
  • All noteholders invited to participate in the second noteholders' meetings on 3 and 4 June 2024 in Heidelberg


Walldorf, 27 May 2024 - Schutzgemeinschaft der Kapitalanleger e.V. (SdK), one of Germany's leading investor associations with over 8,700 members, has spoken out in favor of approving the restructuring proposal regarding the Ekosem-Agrar bonds. In a newsletter to interested noteholders, SdK emphasizes that, in its view, the problems at Ekosem-Agrar are "almost exclusively due to the geopolitical situation". In summary, SdK considers the risks of a total loss "to be much higher than the chance that the geopolitical situation will stabilize again in the foreseeable future to such an extent that the bonds can be repaid to the noteholders as planned". Accordingly, the SdK will vote in favour of the proposed resolution for its own holdings and will also vote in favour of the proposed resolution for all transferred voting rights, unless the respective noteholder indicates otherwise.

The second noteholders‘ meetings for the ESA bond 2012/2027 (ISIN: DE000A1R0RZ5 / WKN: A1R0RZ) and the ESA bond 2019/2029 (ISIN: DE000A2YNR08 / WKN: A2YNR0) will take place on 3 and 4 June 2024 in Heidelberg.

The company calls on all noteholders to make use of their voting rights and to participate in the second votes in order to achieve an attendance of 25% of the outstanding bonds now required for a quorum.

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How investors ensure that they cast their votes effectively:

In order to participate, investors require a "Special Verification and blocking notice", which must be requested from the custodian bank. A corresponding sample form can be found on the website on the pages of the 2012/2027 bond and the 2019/2029 bond respectively. In addition, noteholders are usually informed by their custodian bank by letter or in their online mailbox.

If noteholders do not wish to participate in person, they can issue a power of attorney with instructions to the company's proxies. On the website of Ekosem-Agrar AG, investors can find the corresponding form "Power of Attorney and instructions to the company proxies", which you should send (together with the blocking notice) by post or e-mail in advance of the meeting to the contact details of Better Orange IR & HV AG stated on the form.

 

All relevant information and documents can be found here:
https://www.ekosem-agrar.de/en/investor-relations/bonds/noteholders-meeting-2012-2027/
https://www.ekosem-agrar.de/en/investor-relations/bonds/noteholders-meeting-2019-2029/

If you have any further questions, please contact us at: ir@ekosem-agrar.de

 

About Ekosem-Agrar

Ekosem-Agrar AG, Walldorf, is the German holding company of the Ekoniva Group, one of Russia's largest agricultural companies. With a herd of more than 235,000 cattle (including over 112,500 dairy cows) and a milk output of 3,440 tons of raw milk per day, the company is the country's largest milk producer. The group controls an agricultural area of around 630,000 hectares and is also one of Russia's leading seed producers. The founder and CEO of the company is Stefan Dürr, who has been active in Russian agriculture since the late 1980s and has played a decisive role in its modernization over the last three decades. He was awarded the Order of Merit of the Federal Republic of Germany in 2009 for his services to the German-Russian agricultural dialog. The Group has around 14,500 employees in nine administrative regions in Russia. Ekosem-Agrar generated operating revenues of EUR 1,152.0 million and EBITDA of EUR 396 million in the financial year 2022.

 

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, Jonas Schneider // IR.on AG // T: +49 (0) 221 9140 970 // E: presse@ekosem-agrar.de



27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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


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: DE000A1R0RZ5, DE000A2YNR08
WKN: A1R0RZ , A2YNR0
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1911597

 
End of News EQS News Service

1911597  27.05.2024 CET/CEST

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