DGAP-Ad-hoc: Aggregate Holdings SA / Key word(s): Statement Ad-hoc announcement Pursuant to Art. 17 Abs. 1 of the Market Abuse Regulation (Regulation (EU) No. 596/2014) NOT FOR DIRECT OR INDIRECT PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA AND JAPAN OR ANY JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW.
Luxembourg, 22 February 2022. Aggregate Holdings S.A. ("Aggregate") has been informed this morning that Vonovia SE ("Vonovia") has taken control of shares in Adler Group SA ("Adler") owned by Aggregate, which would reduce Aggregate's stake in Adler from 26.6% to 6.1%. This action by Vonovia is against a clear understanding between Aggregate and Vonovia that the loan covering the Adler shares was a strategic loan. Aggregate is conducting a legal review of the implications of this action, but does not believe that this specific event constitutes a cross-default in the Aggregate 2025 bonds as the Adler shares were not held in a material subsidiary. Aggregate is considering its position. Disclaimer Information and Explanation of the Issuer to this News:
22-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Aggregate Holdings SA |
Rue Antoine Jans 10 | |
1820 Luxembourg | |
Luxemburg | |
ISIN: | DE000A184P98 |
WKN: | A184P9 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart; Luxembourg Stock Exchange |
EQS News ID: | 1285491 |
End of Announcement | DGAP News Service |
1285491 22-Feb-2022 CET/CEST