(Corporate bond SINGULUS TECHNOLOGIES AG, ISIN DE000A2AA5H5, WKN, A2AA5H)
Kahl am Main, May 06, 2021 – Today’s second creditors’ meeting with regards to the SINGULUS bond ISIN DE000A2AA5H5 / WKN A2AA5H was quorate with a quorum of around 34,37 % and approved the proposed resolutions for the extension of the corporate bond with 98,9 %.
Pursuant to the proposed resolutions, the bonds’ terms and conditions will be amended as follows.
1. Extension of term to maturity
The term to maturity shall be extended by five years from July 22, 2021 to July 22, 2026. Accordingly, the scheduled redemption of the bond shall take place on July 22, 2026.
2. Adjustment of the interest rate
The bond shall offer an interest rate of 4.5 % p.a. from July 22, 2021. The semi-annual payment of interest shall be maintained.
3. Increase of the redemption amount
The redemption amount per corporate bond with a nominal amount of EUR 100.00 shall be increased by EUR 5.00 to EUR 105.00. This increase shall also apply in cases of an early redemption of the bond and termination of the bond by the bondholders.
The supplementary request was also approved. The present countermotion, on the other hand, was rejected.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5