EQS-Ad-hoc: Leoni AG / Key word(s): Capital Reorganisation/Delisting
Leoni AG: Nuremberg-Fürth Regional Court dismisses appeals against the restructuring court’s plan confirmation decision, Leoni AG’s restructuring plan hence legally binding

17-Jul-2023 / 12:23 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.
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Leoni AG: Nuremberg-Fürth Regional Court dismisses appeals against the restructuring court’s plan confirmation decision, Leoni AG’s restructuring plan hence legally binding

Nuremberg, 17 July 2023 – Leoni AG, Nuremberg (ISIN: DE0005408884 / WKN: 540888), announces that today the Regional Court of Nuremberg-Fürth dismissed all immediate appeals filed against the plan confirmation decision of the Restructuring Court of Nuremberg. As a result, Leoni AG's restructuring plan is legally binding.

As already communicated, the restructuring court in Nuremberg had confirmed the restructuring plan on 21 June 2023 after it had been approved with the required majorities at a dedicated meeting on 31 May 2023.

As also previously communicated - for the first time on 29 March 2023 - the plan provides for, among other things, a reduction of the share capital of Leoni AG to zero euros as part of the financial restructuring. This will lead to the exit of the existing shareholders and a delisting of Leoni. With the implementation of the further capital measures of the restructuring plan, Leoni AG will receive new liquidity from a capital increase with exclusion of subscription rights amounting to 150 million euros and will be relieved of financial liabilities totalling 708 million euros.

Now that the plan has become legally binding, the implementation of the plan and thus the delisting will happen soon.

 

Contact for journalists
LEONI AG
Gregor le Claire
Corporate Press Officer
Phone:  +49 911 2023-226
E-mail:  gregor.leclaire@leoni.com

Contact for investors
LEONI AG
Rolf Becker
Senior Manager Investor Relations
Phone:  +49 911 2023-134
E-mail:  rolf.becker@leoni.com



End of Inside Information

17-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Leoni AG
Marienstraße 7
90402 Nuremberg
Germany
Phone: +49 (0)911 20 23-234
Fax: +49 (0)911 20 23-382
E-mail: veroeffentlichung@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; Madrid
EQS News ID: 1681555

 
End of Announcement EQS News Service

1681555  17-Jul-2023 CET/CEST

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