PRESS RELEASE
from EUSOLAG European Solar AG (isin : DE000A3MQYU1)
EQS-Adhoc: EUSOLAG European Solar AG: technical challenges delay 6.25% coupon payment
EQS-Ad-hoc: EUSOLAG European Solar AG / Key word(s): Bond/Miscellaneous
EUSOLAG European Solar AG: technical challenges delay 6.25% coupon payment
28-March-2023 / 22:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Frankfurt, 28th March 2023 – EUSOLAG European Solar AG, a specialist in building a portfolio of photovoltaic plants, informs that technical challenges are leading to a controlled withholding of coupon payments to all bondholders of the EUSOLAG bond with ISIN DE000A3MQYU1 2022/2027.
Pursuant to Section 9 (1) (a) of the Terms and Conditions, a delay of interest payment of more than 30 days constitutes an Event of Default which in turn facilitates a right of termination.
EUSOLAG European Solar AG intends to pay the outstanding interest within the granted term of 30 days.
Contact:
EUSOLAG European Solar AG
Alicia Meier
Head Investor Relations
T +49 69 8700 879 295
E info@eusolag.de
EUSOLAG European Solar AG
Lurgiallee 14
60439 Frankfurt am Main
Deutschland
About EUSOLAG European Solar AG
EUSOLAG European Solar AG is a asset owner of photovoltaic farms across Europe headquartered in Frankfurt am Main. The company is focused on building an attractive portfolio of photovoltaic parks across Europe. The Company acts as an Asset Manager for Institutional Investors in the Utility-scale segment above 50MWp and capital need of above EUR 30MM. As a buy-and-hold operator, the company aims to maintain a steady value growth with positive cash-flow. EUSOLAG keeps a lean management structure, whereby staff-intensive activities are outsourced to third parties while closely managed by EUSOLAG.
1995468D GR Equity
Pursuant to Section 9 (1) (a) of the Terms and Conditions, a delay of interest payment of more than 30 days constitutes an Event of Default which in turn facilitates a right of termination.
EUSOLAG European Solar AG intends to pay the outstanding interest within the granted term of 30 days.
Contact:
EUSOLAG European Solar AG
Alicia Meier
Head Investor Relations
T +49 69 8700 879 295
E info@eusolag.de
EUSOLAG European Solar AG
Lurgiallee 14
60439 Frankfurt am Main
Deutschland
About EUSOLAG European Solar AG
EUSOLAG European Solar AG is a asset owner of photovoltaic farms across Europe headquartered in Frankfurt am Main. The company is focused on building an attractive portfolio of photovoltaic parks across Europe. The Company acts as an Asset Manager for Institutional Investors in the Utility-scale segment above 50MWp and capital need of above EUR 30MM. As a buy-and-hold operator, the company aims to maintain a steady value growth with positive cash-flow. EUSOLAG keeps a lean management structure, whereby staff-intensive activities are outsourced to third parties while closely managed by EUSOLAG.
1995468D GR Equity
Information and Explanation of the Issuer to this announcement:
'Publication of inside information pursuant to Art. 17 of Regulation (EU) No. 596/2014'
28-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | EUSOLAG European Solar AG |
| Lurgiallee 14 | |
| 60439 Frankfurt am Main | |
| Germany | |
| Phone: | +49 69 8700 879 295 |
| E-mail: | info@eusolag.de |
| Internet: | www.eusolag.de |
| ISIN: | DE000A3MQYU1 |
| WKN: | A3MQYU |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1594895 |
| End of Announcement | EQS News Service |
1594895 28-March-2023 CET/CEST