on Ekosem-Agrar AG (isin : DE000A1R0RZ5)
Ekosem-Agrar AG: SdK Recommends Approval of Bond Restructuring
Ekosem-Agrar AG's proposed restructuring of corporate bonds has received a recommendation for approval from Schutzgemeinschaft der Kapitalanleger e.V. (SdK), a major German investor association. SdK stated that the risks of a total loss are considerably higher than the chances of repayment, given the current geopolitical instability.
All noteholders are urged to participate in the second noteholders' meetings scheduled on 3 and 4 June 2024 in Heidelberg. These meetings pertain to the ESA bond 2012/2027 and the ESA bond 2019/2029. A 25% attendance is required for a quorum.
Investors can participate by acquiring a "Special Verification and blocking notice" from their custodian bank. If noteholders cannot attend in person, they may issue a power of attorney to the company’s proxies. Further information and required forms are available on Ekosem-Agrar's website.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Ekosem-Agrar AG news