ESPG AG invites to the bondholders' meeting

Cologne, 20 July 2023. The Management Board of the European Science Park Group ("ESPG AG" or "Company"), invites all holders of the 6.0% bearer bonds (ISIN: DE000A2NBY22 / WKN: A2NBY2) maturing on 1 October 2023 to a creditors' meeting.

Despite the very positive feedback from the capital markets, the Supervisory Board and the Management Board of the Company have decided not to implement the planned issue of the 9.5% exchangeable bond ESPG 2023/2026A, as the desired exchange rate could not be achieved for mostly technical reasons.

The Company therefore asks the bondholders to approve the amendments to the terms and conditions of the Bonds, which are closely aligned with the new terms and conditions offered in the public exchange offer. Accordingly, it is proposed to the bondholders to extend the maturity of the bond by three years, to increase the interest rate from 6.0% p.a. to 9.5% p.a. and to adjust the obligations of the Company in favour of the bondholders.

Dr. Ralf Nöcker, Board Member of ESPG AG, comments: „We expect broad approval from our creditors, as most of the technical hurdles that made the exchange difficult have now been cleared. With the new terms, we continue to offer a very attractive investment opportunity and the opportunity to participate in the impressive operational growth of our company.“

The creditors' meeting will take place on 4 August from 11 a.m. at Bürgerhaus Stollwerck, room 310, Dreikönigenstraße 23 in Cologne.

There is a registration period of three days for participation in the creditors' meeting. All documents required for participation are available on the issuer's website (https://www.espg.space) under the heading "Investor Relations" in the section "Corporate Bond". Those who cannot participate in the voting themselves have the option to authorise a notary as a proxy bound by instructions. The corresponding form is also available for download. Thus, investors have to complete three steps: Firstly, use the link on the homepage, secondly, cast their vote or authorise the proxy, and thirdly, submit both a proof of ownership and the blocking notice from the custodian bank.

Due to the holiday season, banks currently have extended lead times; therefore, the company recommends that all investors seek a blocking notice immediately.

The management will hold an investor call on 26 July 2023 at 11.00 a.m., in particular with further information on the amendment of the bond terms and conditions as well as information on the procedure of the creditors' meeting. Dial-in details and registration contacts will be posted on the ESPG website.

About ESPG
The European Science Park Group (ESPG) is a real estate company specialising in science parks. The company focuses on the development of science parks, predominantly characterised by tenants from future-oriented industries such as life sciences, green technologies or digital transformation, which benefit from the proximity to each other and the direct vicinity to universities, hospitals or research locations. ESPG's portfolio already includes 16 science parks across Europe with a total area of 126,000 square metres and a balance sheet value of around 244 million euros. The sites are generally located outside metropolitan areas, in areas that are considered science clusters or have a high concentration of innovative companies.

Press Contact
Jan Hutterer
T +49 40 60 91 86 65
M +49 172 346 28 31
espg@kirchhoff.de