GUBOR SCHOKOLADEN announces the cancellation of the issuance of the 2024/2029 corporate bond

Dettingen unter Teck, 4 December 2024 – The management of Gubor Schokoladen GmbH has decided today not to accept the subscription orders submitted for the corporate bond 2024/2029 (ISIN: DE000A383SJ3 | WKN: A383SJ) as part of the public offering and private placement. This decision was taken after careful consideration, as the placement volume achieved does not meet the company's expectations. The aim of the cancellation is to ensure the best possible conditions for the group's financing.

“We received a lot of positive feedback during our roadshow and would like to thank all investors for the good and constructive discussions and for the trust they have placed in us,” says Claus Cersovsky, CEO and managing partner of Gubor Schokoladen GmbH.

CFO Udo Zimmer adds: “With the chosen credit metrics and the bond structure of the issue, we could not fully convince. The valuable feedback from investors will help us to respond even more precisely to market requirements when designing future transactions. Our goal remains to broaden our financing structure in the future. The capital market remains an option in this regard.”

Investor interest in the roadshow was very high, with around 120 meetings held. In addition to the business model and the stable and growing customer relationships, the high recognition value of the brand was convincing. The Gubor management is confident about its long-term corporate goals, which include the realignment of the company's financing and the further development of the Gubor Group as a leading family-owned chocolate manufacturer. Following targeted strategic acquisitions and investments in state-of-the-art production facilities in recent years, the group will continue to focus on pursuing its growth strategy in the future.

The Gubor Group

Gubor Schokoladen GmbH, based in Dettingen/Teck, forms the Gubor Group as the parent company together with its subsidiaries Rübezahl Schokoladen GmbH, its indirect holding Eichetti GmbH, Hans Riegelein & Sohn GmbH & Co. KG, Wergona Schokoladen GmbH, Weseke Dragees GmbH and Pomorskie Pralinki Sp. z o.o.. As an internationally active confectionery manufacturer, it focuses on the production of seasonal and year-round chocolate products and confectionery. Around 1,700 employees produce around 47,400 tonnes of chocolate products and confectionery on 40 production lines, generating revenues of around EUR 312 million in the 2023/2024 financial year.

Further information can be found at www.gubor.de

Press contact

Mandatory information according to § 37a HGB:
Gubor Schokoladen GmbH | Dieselstraße 9 | 73265 Dettingen/Teck | Management: Claus Cersovsky, Udo Zimmer, Rüdiger Bonner, Peter Riegelein | Stuttgart Local Court HRB 726164

Disclaimer

This press release contains ADVERTISING. This press release and the information contained herein do not constitute and should not be construed as an offer to sell or a solicitation of an offer to buy any securities of Gubor Schokoladen GmbH in the Federal Republic of Germany or the Republic of Austria or in the Grand Duchy of Luxembourg or in any other jurisdiction, in particular if such offer or solicitation is unlawful or unauthorised, and does not replace the securities prospectus. Potential investors in partial debentures of the 2024/2029 bond of Gubor Schokoladen GmbH are requested to inform themselves about such restrictions and to comply with them. An investment decision regarding the partial debentures of the Bond 2024/2029 of Gubor Schokoladen GmbH may only be made on the basis of the securities prospectus approved by the Luxembourg Financial Market Authority (Commission de Surveillance du Secteur Financier – CSSF) on 6 November 2024, which is published at www.gubor-anleihe.de, http://www.luxse.com/ and at https://my.oekb.at/. Approval by the CSSF should not be construed as an endorsement of the securities offered. Potential investors should read the prospectus before making an investment decision in order to fully understand the potential risks and rewards of deciding to invest in the securities. The information contained in this document may not be distributed outside the Federal Republic of Germany, the Republic of Austria and the Grand Duchy of Luxembourg, in particular not in the United States, to U.S. persons (as defined in Regulation S under the United States Securities Act of 1933) or to publications with a general circulation in the United States, unless such distribution outside the Federal Republic of Germany, the Republic of Austria and the Grand Duchy of Luxembourg is required by mandatory provisions of applicable law. Any violation of these restrictions may constitute a violation of the securities laws of certain countries, in particular the United States. Bonds of Gubor Schokoladen GmbH will not be publicly offered for sale outside the Federal Republic of Germany, the Republic of Austria and the Grand Duchy of Luxembourg.