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Adler Group S.A.: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

Adler Group S.A. / Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act]
Adler Group S.A.: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution
27.04.2023 / 09:25 CET/CEST
Dissemination of a Related Party Transactions announcement transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of material transactions with related party

Adler Group S.A., Luxembourg

Adler Group S.A. (the “Company”) signed, with the consent of the Board of Directors, a loan agreement on the granting of an unsecured, non-interest loan in the amount of EUR 235 million and a term until June 30, 2025 to its subsidiary ADLER Real Estate Aktiengesellschaft (“ADLER Real Estate”). The loan agreement is part of the agreement with certain bondholders of the Company relating to the provision of the new money funding and serves to fund the repayment of the notes issued by ADLER Real Estate.

In accordance with Art. 7quarter (6) para. 1 of the Luxembourg law of 24 May 2011 concerning the exercise of certain rights of shareholders of listed companies (in the amended version), this transaction is exempt from the disclosure requirements generally applicable to transactions with related parties, as ADLER Real Estate is a subsidiary of the Company that is not wholly owned and in which no other related parties of the Company hold shares.

For the purpose of maximum transparency, the Company has nevertheless decided to publish the transaction on its website. 

 

Luxembourg, 27 April 2023

Adler Group S.A.

Board of Directors



27.04.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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