EQS-Adhoc: ESPG AG: Approval of the restructuring plan according to StaRUG by all voting groups

Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

ESPG AG: Approval of the restructuring plan according to StaRUG by all voting groups

Cologne, 4 December 2024 – ESPG AG (‘ESPG AG’ or ‘Company’) announces that all voting groups at today's discussion and voting meeting (‘EAT’) have approved the restructuring plan proposed by the Company in accordance with the German Corporate Stabilisation and Restructuring Act (StaRUG). No objection was filed for the record. The confirmation of the restructuring plan by the responsible local court – restructuring court – in Cologne is still pending and is expected within the next week.

As previously announced in the ad hoc announcement dated 2 December 2024, the restructuring plan provides for, among other things, a reduction of the company's share capital to zero euros as part of the financial restructuring. Immediately thereafter, the share capital will be increased to EUR 50,000. Only two new shareholders, ESPG Recap Partners SCSp, in the amount of EUR 42,500 (corresponding to 85% of the new share capital of ESPG AG) and ESPG BondCo S.à r.l. (‘BondCo’) in the amount of EUR 7,500 (corresponding to 15% of the new share capital of ESPG AG), will be authorised to subscribe to the new shares.

The term of the bond issued by ESPG AG (ISIN DE000A2NBY22 / WKN: A2NBY2 - ‘ESPG Bond’), which is to be assumed by BondCo as the new debtor following its investment in the company by way of an assumption of debt (see the company's ad hoc announcement dated 28 October 2024), will be extended until 1 October 2029.

The company's Executive Board expects the still outstanding plan confirmation resolution to become legally effective before the end of this year.

2044267  04-Dec-2024 CET/CEST