SINGULUS TECHNOLOGIES reports successful conclusion of second creditors’ meeting
on September 20, 2022
(Bonds SINGULUS TECHNOLOGIES AG, ISIN DE000A2AA5H5, WKN A2AA5H)
Kahl am Main, September 20, 2022 – Today’s second creditors’ meeting regarding the SINGULUS Bond with ISIN DE000A2AA5H5 and WKN A2AA5H was quorate with a quorum of 33.8 % and approved all proposed resolutions for the amendment of the Bond terms with more than 98 %. These include, among other things, a temporary waiver by the bondholders of possible cancellation rights due to the failure to publish the audited annual financial statements for 2020 and 2021 and give the Company greater flexibility in its financing. The greater financing leeway is particularly needed for large solar projects. Furthermore, the joint representative proposed by the issuer, Tauris Service GmbH, has been elected with 98.4 %.
Dr.-Ing. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES AG: “We are pleased with the approval of our bondholders. Our company has thus created the prerequisites for the financing of a business with higher sales.”
SINGULUS TECHNOLOGIES – Thin-Film Coating and Surface Treatment
SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient thin-film coating and surface treatment processes, which are used worldwide in the Photovoltaics, Semiconductor, Medical Technology, Packaging, Glass & Automotive as well as Battery & Hydrogen markets. The company’s core competencies include various processes of coating technology, surface treatment as well as wet-chemical and thermal production processes.
SINGULUS TECHNOLOGIES sees sustainability as an opportunity to position itself with innovative products. In the focus are:
- Environmental awareness
- Efficient use of resources
- Avoidance of unnecessary CO2 pollution
SINGULUS TECHNOLOGIES attaches great importance to responsible and sustainable corporate governance.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Unternehmenssprecher, Tel.: +49 (0) 172 833 2224