PAUL Tech AG Backs Alternative Proposal to Extend EUR 35 Million Notes

On 20 October 2026, PAUL Tech AG announced its support for an alternative proposal impacting the EUR 35 million notes. The proposal, aimed at noteholders, seeks to extend the term of the notes from 2026 to 1 September 2028. Additionally, it suggests redeeming the notes at 108% at maturity and increasing the annual interest rate to 10% starting December 2026, with semi-annual payments. A notable aspect includes mandatory pro-rata partial early redemptions.

Furthermore, the issuer committed to use at least 50% of any new equity capital above EUR 30 million to repay the notes. This proposal also introduces a security interest over approximately 7.5% of the share capital for noteholders. Already, holders of over 50% of the notes have expressed intent to support the extension.