SdK invites bondholders of Schlote Holding GmbH to an investors call on 1st of February 2024 at 3 pm (cet)
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Issuer: Schutzgemeinschaft der Kapitalanleger e.V.
/ Key word(s): Bond/Capital Reorganisation
SdK invites bondholders of Schlote Holding GmbH to an investors call on 1st of February 2024 at 3 pm (cet) Schlote Holding GmbH has invited the bondholders of the 2019/2024 bond (ISIN: DE000A2YN256) to a vote without a meeting. This will take place from 09.02.2024 (0 a.m.) to 11.02.2024 (midnight). The bondholders are to approve a reduction in the nominal value of 50%. Furthermore, the maturity of the bond shall be extended by 9 years until November 21, 2033. The bondholders are also to agree that interest will no longer be paid annually, but will only become due on the repayment date; the annual cash interest payments of 6.75% made to date will be paid for the last time for the period 2022/23. The cash interest payment for the last interest payment period to date, 2023/24, is to be omitted. As the repayment amount is to be retained and would therefore correspond to the old nominal value of EUR 1,000, this would result in an implicit interest rate of 7.1773 % p.a. of the new reduced nominal value of EUR 500. In addition, lawyer Dr. Marc Liebscher, who is also a member of the board of SdK, the German association for the protection of invetsors, shall be appointed as joint representative of the bondholders. In order to provide bondholders with a brief overview of the current developments and our assessments and to discuss the resulotions, SdK invites all affected bondholders to an investor call on Thursday, February 1, 2024 at 3 pm (cet). The call will be held in German language. Interested bondholders can register at info@sdk.org and will receive the access data against proof of the bond ownership (securities account statement, screenshot, e.g.). For further information on the proceedings, affected investors can also register for a free newsletter at www.sdk.org/schlote The SdK also offers all bondholders free proxy voting at future bondholders' meetings.
30th of January 2024
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