DJ DEPFA ACS BANK DAC - Approval of Scheme and Date for Court Hearing
DEPFA ACS BANK DAC (-)
DEPFA ACS BANK DAC - Approval of Scheme and Date for Court Hearing
15-Jul-2021 / 17:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Company Announcement - For immediate release
RE: DEPFA ACS BANK DAC - Approval of Scheme and Date for Court Hearing
15 July 2021
Issued by DEPFA ACS BANK DAC (the "Bank"), in respect of its asset covered securities listed on the Main Market of the
London Stock Exchange with ISINs:
CA249575AXXX; and
XS0222934XXX.
On 27 May 2021 the Bank announced it intended to apply to the High Court of Ireland (the "Court") to initiate a Scheme
of Arrangement under Part 9 of the Companies Act of Ireland, 2014 (the "Scheme") in order to convene a meeting ("Scheme
Meeting") of the holders of its asset covered securities ("ACS") with outstanding maturities beyond 2021 (the "Security
Holders") to seek their consent and the approval of the Court to accelerate the redemption of the ACS.
On 15 June 2021 the Bank announced that the Court granted the orders necessary to initiate the proposed Scheme and that
the Scheme Meeting would be held on 14 July 2021.
Notice is hereby given that at the Scheme Meeting the Security Holders passed the resolution approving the Scheme.
Notice is hereby further given that by Order dated 15 July 2021 the Court has directed that an application by the Bank
for an Order pursuant to section 452(2) of the Companies Act 2014 sanctioning the Scheme shall be heard by the Irish
High Court at 11 a.m. on 29 July 2021 at the Four Court, Inns Quay, Dublin 7, Ireland.
Any interested creditor of the Bank (an "Interested Creditor") that wishes to obtain a copy of the Originating Notice
of Motion and supporting Affidavits should contact McCann FitzGerald, solicitors for the Bank, by emailing David O'Dea
at david.odea@mccannfitzgerald.com. The Irish High Court further directed that any such Interested Creditor may appear
at the Sanction Hearing and must give notice in writing to the solicitors for the Bank by no later than 4.00 p.m.
(Irish Time) on 23 July 2021 and any affidavit should be served on the solicitors for the Bank, by no later than 4.00
p.m. (Irish Time) on 26 July 2021.
For further information, please contact:
Rachel Martin
Head of Communications
DEPFA BANK plc
Tel.: +353 1 792 2144
rachel.martin@depfa.co
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ISIN: DE000A0BCXXX
Category Code: MSCU
TIDM: -
LEI Code: 6LIRQ1CRLFL6PQWR8919
Sequence No.: 117734
EQS News ID: 1219397
End of Announcement EQS News Service
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