ESPG AG Announces Strong Support for Proposed Bond Term Amendments

The European Science Park Group (ESPG), a company specializing in science parks, has received positive feedback from bond investors on the proposed amendment of bond terms. ESPG is moving forward with the registration process for a vote on these amendments, scheduled between March 18 and March 20, 2024. Investors are reminded to register by March 15 and are encouraged to initiate this process promptly to ensure participation.

An investor call is scheduled for March 14, 2024, to discuss the proposed amendments and the voting process. Management believes the suspension of the LTV covenant for 2024, if necessary, has significant support. This amendment aims to provide ESPG with flexibility to continue its growth trajectory, highlighted by a 22% increase in rental income in 2023, reaching approximately 12.7 million euros. ESPG aims to become the market leader for science park portfolios in Europe.

All necessary documents and forms for voting are available on ESPG's website, with instructions for submitting proof of ownership, a blocking notice, and appointing a voting representative. The company hopes for continued robust support from its investors for the proposed amendments, enhancing its development in future-oriented industries.