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Adler Group S.A. announces results of AGPS BondCo Restructuring Plan voting meetings

EQS-News: Adler Group S.A. / Key word(s): Capital Reorganisation
Adler Group S.A. announces results of AGPS BondCo Restructuring Plan voting meetings
21.03.2023 / 18:19 CET/CEST
The issuer is solely responsible for the content of this announcement.

Adler Group S.A. announces results of AGPS BondCo Restructuring Plan voting meetings

Luxembourg, 21 March 2023 – Adler Group S.A. (“Adler Group”) refers to its recent announcements in relation to the restructuring plan under Part 26A of the Companies Act 2006 (the “Restructuring Plan”) between AGPS BondCo PLC (the “Plan Company”) and certain of its creditors (the “Plan Creditors”), and the announcements made by the Plan Company in respect of the voting meetings in connection with such Restructuring Plan (the “Plan Meetings”).

The Plan Meetings were held on 21 March 2023 and the restructuring proposals were approved at five of the six Plan Meetings. The quantum of votes cast in favour, set out below, reflect the strong level of support for the Restructuring Plan and Adler Group’s wider financial restructuring.

As noted in the Plan Company’s announcement of the Plan Meeting voting results, the hearing to sanction the Restructuring Plan is expected to take place between 3 and 5 April 2023. The Plan Company will separately notify Plan Creditors of the details of the sanction hearing.

The detailed results of the Plan Meetings are as follows:

 

Series % in favour
(of Plan Creditors voting)
% against
(of Plan Creditors voting)
2024s (XS1652965085) 98.50 1.50
2025s (XS2010029663) 92.93 7.07
Jan 2026s (XS2283224231) 95.00 5.00
Nov 2026s (XS2248826294) 91.97 8.03
2027s (XS2336188029) 80.68 19.32
2029s (XS2283225477) 62.28 37.72

 

 

Contact

 

Investor Relations:

T +352 278 456 710

F +352 203 015 00

E investorrelations@adler-group.com

 



21.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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