SINGULUS TECHNOLOGIES AG bonds, ISIN DE000A2AA5H5, WKN A2AA5H: Changed terms and conditions of the corporate bond come into effect on time
July 20, 2021
Kahl am Main, 20 July 2021 - In a second creditors' meeting on 6v May 6 2021, the bondholders of SINGULUS TECHNOLOGIES AG passed the proposed resolutions to adjust the terms and conditions of the corporate bond with a majority of 98.9 % of the participating votes agreed. After all documents have been properly submitted, the responsible Clearstream Banking AG, Frankfurt/Main, informed the company that the new bond conditions have meanwhile been linked to the global certificate. This means that the corporate bond will be extended by five years until 22 July 2026 and the interest rate will be reduced to 4.5 % p.a. in the future.
The modified bond terms and conditions have the following core content:
1. Extension of term to maturity
The term to maturity shall be extended by five years from 22 July 2021 to 22 July 2026. Accordingly, the scheduled redemption of the bond shall take place on 22 July 2026.
2. Adjustment of the interest rate The bond shall offer an interest rate of 4.5 % p.a. from 22 July 2021. The semi-annual payment of interest shall be maintained.
3. Increase of the redemption amount
The redemption amount per corporate bond with a nominal amount of EUR 100.00 shall be increased by EUR 5.00 to EUR 105.00. This increase shall also apply in cases of an early redemption of the bond and termination of the bond by the bondholders.
The supplementary request was also approved. The present countermotion, on the other hand, was rejected.
SINGULUS TECHNOLOGIES - Technologies for a Sustainable World
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES. SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar/hydrogen, semiconductor, medical technology, consumer goods and data storage sectors. SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.
In the focus are:
• environmental awareness
• efficient use of resources
• avoidance of unnecessary CO2 pollution
The company's core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 172 833 2224
Singulus Technologies AG published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 06:49:12 UTC.