Scholz Holding GmbH
Scholz Holding GmbH: Relevant EBITDA threshold in financial year 2016 for upside payment to the bondholders not reached
Scholz Holding GmbH / Key word(s): Bond/Bond Scholz Holding GmbH 21 December 2017 Disclosure of inside information pursuant to Article 17 MAR London, 21 December 2017 – Scholz Holding GmbH (the “Company“) has been presented with a preliminary version of the consolidated financial statements for the financial year 2016. In accordance with Part C § 3(2)(a) of the terms and conditions (the “Terms and Conditions“) of the Company’s bond (ISIN AT0000A0U9J2), the Company has mandated PricewaterhouseCoopers GmbH (PwC) with the confirmation of the calculation of the Relevant EBITDA within the meaning of the Terms and Conditions. Today, PwC has provided the Company with the draft of the confirmation, which confirms the calculation of the Relevant EBITDA. The Relevant EBITDA is calculated by deducting the restructuring profits which result from waivers granted by creditors in the course of the restructuring process. On this basis, the Relevant EBITDA amounts to EUR – 60.144 million. Accordingly, there will be no upside payment to the bondholders on the basis of the consolidated financial statements for the financial year 2016. The Company will shortly publish to the bondholders the final version of PwC’s confirmation, including a detailed explanation of the calculation of the Relevant EBITDA, in accordance with the Terms and Conditions. Yours sincerely Scholz Holding GmbH
21-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Scholz Holding GmbH |
Betchworth House, 57-65 Station Road | |
RH1 1DL Redhill, Surrey | |
United Kingdom | |
Phone: | 0044 20 7959 2291 |
E-mail: | infoscholz@scholz-group.com |
Internet: | www.scholz-group.com |
ISIN: | AT0000A0U9J2 |
WKN: | A1MLSS |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich, Stuttgart; Wien (Geregelter Freiverkehr / Second Regulated Market) |
End of Announcement | DGAP News Service |