EQS-Adhoc: Endor AG: Landshut Local Court authorises shareholders of Endor AG to convene an Extraordinary General Meeting
Source: EQS
EQS-Ad-hoc: Landshut Local Court authorises shareholders of Landshut,
According to information from the Executive Board, the shareholders submitting the application intend to propose a capital increase with subscription rights of up to The company assumes that the shareholders will make use of the authorisation and convene the Extraordinary General Meeting by publication in the In the opinion of the Management Board of If the ongoing StaRUG proceedings fail, the lending banks are also entitled to terminate the standstill agreements. The requesting shareholders have still not submitted a reliable financing concept to the Executive Board. The Executive Board does not assume that the intended capital increase will provide the company with sufficient liquid funds in good time. In particular, the Management Board has no reliable indications that sufficient investors will be prepared to subscribe to the new shares in return for payment of the issue amount. In the opinion of the Management Board, even an injection of equity in the amount of A termination of the ongoing StaRUG proceedings without a reliable refinancing concept would lead to the insolvency of the company and significantly jeopardise the continued existence of the company and its jobs. As the company cannot repay the current financing without a timely injection of new liquid funds, a cancellation of financing would result in the StaRUG proceedings being terminated and the company having to file for insolvency. The company intends to continue the restructuring after the StaRUG. The company currently assumes that Corsair and the lending banks will continue to support the planned restructuring with the investor Corsair. The Management Board of Endor will provide information on the further course of proceedings in accordance with the legal requirements.
Notifying person: End of Inside Information Information and Explanation of the Issuer to this announcement: About
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Press and investor enquiries:
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Language: | English |
Company: | |
E.ON-Allee 3 | |
84036 Landshut | |
Phone: | +49-(0)871-9221-122 |
Fax: | +49-(0)871-9221-221 |
E-mail: | ir@endor.ag |
Internet: | www.endor.ag |
ISIN: | DE0005491666 |
WKN: | 549166 |
Listed: | Regulated Unofficial Market in |
EQS News ID: | 1947423 |
End of Announcement |
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1947423 16-Jul-