SoWiTec calls for a voting without meeting for the bond 2018/2026 to resolve, among other things, upon a deferral of the partial repayment due on 8 November 2025
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EQS-Ad-hoc: SoWiTec group GmbH / Key word(s): Bond SoWiTec calls for a voting without meeting for the bond 2018/2026 to resolve, among other things, upon a deferral of the partial repayment due on 8 November 2025 The interest of 8% or approximately EUR 0.4 million due on 8 November 2025 is not subject to the proposed resolutions and shall be paid in full and on time. SOWITEC has initiated comprehensive operational restructuring measures over the past 18 months. This included the gradual withdrawal from foreign markets, which resulted in the write-downs of the corresponding book values having a significant negative impact on the annual result 2024. In addition, the company’s liquidity situation remains tense. Compared to the previous year, cash and cash equivalents decreased from EUR 3.4 million to approx. EUR 0.4 million as of 31 December 2024 and amounted to EUR 1.4 million as of 30 July 2025. In Germany, now the most important target market, the project pipeline was expanded to over 400 MW in 2024 and 2025. SOWITEC is currently in advanced negotiations with investors regarding the sale of a partial portfolio of 80 MW in Germany. The resulting proceeds will also be used in part to finance the partial repayment of the bond 2018/2026 due on 8 November 2025. In the event of a delay in the conclusion of the contract and the execution of the partial portfolio sale, SOWITEC could experience a liquidity shortage. To prevent this risk, the holders of the bond 2018/2026 are requested to cast their votes in writing during the voting period from 20 September 2025 at 0:00 hours to 22 September 2025 at 24:00 hours. A quorum of 50% of the outstanding principal amount of the bond 2018/2026 is required for effective approval of the company’s proposed resolutions. The complete invitation to vote (German language only) is expected to be available on 5 September 2025 in the German Federal Gazette (Bundesanzeiger) and on the company’s website at https://investor.sowitec.com/en/. SOWITEC group GmbH Frank Ostermair, Linh Chung End of Inside Information
03-Sep-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | SoWiTec group GmbH |
| Löherstraße 24 | |
| 72820 Sonnenbühl | |
| Germany | |
| Phone: | +49 (0) 7128 3808-0 |
| Fax: | +49 (0) 7128 3808-38 |
| E-mail: | info@sowitec.com |
| Internet: | www.sowitec.com |
| ISIN: | DE000A2NBZ21, DE000A30V6L2 |
| WKN: | A2NBZ2 , A30V6L |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2192626 |
| End of Announcement | EQS News Service |
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2192626 03-Sep-2025 CET/CEST
