Ekotechnika GmbH: Capital measures recorded in the Commercial Register

Ekotechnika GmbH: Capital measures recorded in the Commercial Register

2 November 2015 Corporate News

  • Capital reduction and non-cash capital increase executed
  • Change of legal status and cash capital increase to follow
  • Shares scheduled for listing in December 2015

Walldorf, 2 November 2015 – By registering the capital reduction and the non-cash capital increase in the Commercial Register, Ekotechnika GmbH has taken another important step towards the company’s restructuring decided by the bondholders' meeting. The respective resolutions to implement the capital measures were adopted at the shareholders’ meeting of Ekotechnika on 23 October 2015. As part of these capital measures, the share capital was reduced to EUR 81,000.00, followed by a capital increase by EUR 1,539,000.00 to EUR 1,620,000.00 against non-cash contributions in the form of the Ekotechnika bond notes 2013/2018 (debt-to-equity swap).

The company has thus laid the foundation for the execution of the purchase offer, which will give the bondholders the opportunity to exercise the right to acquire New Series A Shares or to claim a cash settlement. The stock acquisition rights were booked into the bondholders’ accounts last week. The acquisition period will presumably commence at the end of November and will last at least 14 days. All bondholders will receive a separate notification on the purchase offer from their custodian bank after the acquisition period started.

Besides the above capital measures, the shareholders decided to increase the share capital against cash contribution and to change the company’s legal status to that of a stock company (Aktiengesellschaft – AG). The effective change of the legal status is another precondition for the execution of the purchase offer. Details will be announced in the coming days.

Following successful execution of the purchase offer, it is planned to have the Ekotechnika shares listed on the open market (Freiverkehr) of a German stock exchange in December 2015.