Kahl am Main (pta/06.05.2021/14:25 UTC+2)
SINGULUS TECHNOLOGIES Reports Successful Extension of Corporate Bond
(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 %.
Dr.-Ing. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES AG: "We are pleased with the broad approval of our bondholders. The extension of the corporate bond gives our company planning security for the next few years. In addition, today's resolutions of the bondholders will significantly reduce the current interest payments for the SINGULUS TECHNOLOGIES AG in the coming periods.
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 – Technologies for a Sustainable World
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES. SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar/hydrogen, semiconductor, medical technology, consumer goods and data storage sectors. SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.
In the focus are:
• environmental awareness
• efficient use of resources
• avoidance of unnecessary CO2 pollution
The company's core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.
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, Corporate Communications, Tel.: +49 (0) 172 833 2224
Singulus Technologies Aktiengesellschaft
Hanauer Landstraße 103
63796 Kahl am Main
|Contact Person:||Bernhard Krause|
|Phone:||+49 170 9202924|
|ISIN(s):||DE000A1681X5 (Share) DE000A2AA5H5 (Bond)|
|Stock Exchange(s):||Regulated Market in Berlin, Frankfurt; Free Market in Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate|