ORCO Germany S.A.: 2011 OPG bondholders approved proposed restructuring transaction
ORCO Germany S.A. / Key word(s): Bond
30.04.2012 20:13
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
2011 OPG bondholders approved proposed restructuring transaction
Trading on temporarily suspended OPG and OG equity and debt instruments will resume on 2 May 2012
The general meeting of holders of the 2011 OPG bonds (ISIN CZ0000000195, ORCO PROPERTY GROUP S.A./var2011, the '2011 Bonds') held in Prague today voted positively on the OPG bonds restructuring. Approximately 77% of the total number of the 2011 Bonds outstanding was present or represented, constituting a valid quorum, and the resolution was passed by a vote of 100% of the votes cast. The financial restructuring of OPG debts, which includes the amount of the 30 April 2012 dividend payment under the current Safeguard plan, must be approved by the Commercial Court of Paris. Towards these ends, a request to modify OPG's Safeguard plan has been submitted to the court which is expected to examine the request during the month of May. Effective 30 April 2012, OPG has cancelled 110 of the 140 2011 bonds that were repaid by the company in 2008 pursuant to early redemption procedures and has correspondingly decreased the volume listed on the Prague Stock Exchange. The 30 remaining 2011 Bonds shall remain listed on the Prague Stock Exchange. --- Trading on all listed equity and debt instruments issued by OPG an OG will resume on 2 May 2012
Information and Explaination of the Issuer to this News:
For more information please write to: Nicolas Tommasini +33 1 40 67 67 23 or investors@orcogroup.com.
30.04.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: ORCO Germany S.A. 42, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +49 (0)30 390 93 116 Fax: +49 (0)30 390 93 199 E-mail: patricia.jaenisch@orco-gsg.de Internet: www.orcogermany.de ISIN: LU0251710041 WKN: A0JL4D Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
ISIN LU0251710041
AXC0239 2012-04-30/20:14
