Enterprise Holdings Limited
Enterprise Holdings Limited: Again Top Rating ‘A-‘ in the third Follow-Up Rating from Creditreform Only bond in the German SME-Segment rated in the A category
DGAP-News: Enterprise Holdings Limited / Key word(s): Rating/Bond 2015-08-27 / 14:30 --------------------------------------------------------------------- Enterprise Holdings Ltd.: Again Top Rating "A-" in the third Follow-Up Rating from Creditreform Only bond in the German SME-Segment rated in the A category 27/08/2015: The Creditreform Rating AG again reviewed the business model and the financial figures of Enterprise Holdings and the Group companies. This year the rating meeting with the Group management took place at Enterprise Hellas in Athens to provide an insight to Enterprise's Greek insurance business and the current political situation. This third follow-up rating confirmed the A- rating that has been achieved in August 2012 when Enterprise Holdings issued a 35m Euro bond, as well as the first and second follow-up ratings in August 2013 and August 2014. The corporate bond is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4). Andrew Flowers, CEO of Enterprise Holdings: "With the repeated confirmation of this top rating our bond 2012/17 is the only SME bond listed in Germany that has been granted a rating by a rating agency in the A category. This again underlines that we have issued one of the best bonds. By improving efficiency and bringing new companies to the group we are currently running our business with increasing profitability and significantly positive cashflows. To secure the payments for the interests and the principal amount to the bond holders we already have separated 14.57m Euro from monthly operational profits in the special account. As of today the credit balance in the special account is 9.7m euro." The third interest payment of 2.45m Euro for the 7% bond will be paid to the bondholders on 26 September 2015. The new rating certificate and the rating report summary are available on the company's website www.enterprise-holdings.de For the new bond 2015/20 the first follow-up rating is scheduled for February/March 2016. Preliminary group figures for fiscal year 2014/15, which have been presented to the Creditreform rating team, show a volume of premium of 146m GBP and 2.9m GBP in profit after tax combined with positive cashflows. The consolidated Group annual statements as of 31 March 2015 are currently audited and will be disclosed within the the statutory period by end of September 2015. Upcoming Event: Deutsches Eigenkapitalforum Conference in Frankfurt Andrew John Flowers, CEO and Founder of Enterprise Holdings Ltd., will hold a speech and present the quarterly figures at the Deutsches Eigenkapitalforum Conference in Frankfurt on 24 November 2015. The conference is Europe's largest and most important capital market event for corporate financing. From 23 to 25 November 2015 this platform for information and networking acts as a meeting point for the entire community - comprising of entrepreneurs, investors and analysts as well as the financial services sector. End of corporate news Enterprise Holdings Ltd. Group - an owner-lead insurance firm Lead by its founder the company holds several other subsidiaries together with affiliated service companies. The Group offers independent white label general insurance solutions, apart from life insurance products. The affiliated companies deliver insurance specific auditing services as well as administrative and marketing services. The Group focuses its activities on high-yield niches within the European general insurance market. The main category of the offered insurances is in the field of automobile damage and third party insurance, legal costs insurance, household contents insurance and guarantees. Main markets are currently the United Kingdom, France, Greece and Italy. Bond issue 2015/20 Since 30 March 2015 the Enterprise Holdings' corporate bond 2015/20 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1ZWPT5). In March 2015 the bond received an BBB+ rating from Creditreform Rating AG. The issued volume of the bond 2015/20 is approx. 20m euro. Bond issue 2012/17 Enterprise Holdings' corporate bond 2012/17 since 26 September 2012 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4). The follow-up rating from Creditreform Rating AG in 2015, 2014, as well as in 2013, confirmed the A- rating that has been achieved in August 2012 when Enterprise Holdings issued a 35m euro bond. During the exchange offer that ended 26 March 2015, holders of the bond exchanged 6.3m euro into the new bond 2015/20. Therefore the total volume of the bond 2012/17 now is 28.7m euro. For more information about the bonds please visit our website, especially the sections "Bond 2015/20" and "Bond 2012/17" at www.enterprise-holdings.de Bond Investor Relations / Press Please direct all your requests to: max. Equity Marketing GmbH Maximilian Fischer Marienplatz 2 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@enterprise-holdings.de IMPORTANT NOTE - Disclaimer Prospective investors of the Securities should recognise that the Securities constitute a risk investment, which can lead to a total loss of their investment in the Securities. Potential investors must therefore be prepared and able to sustain a partial or even a total loss of the invested capital. Any investors interested in purchasing the Securities should assess their financial situation, to ensure that they are in a position to bear the risks of loss connected with the Securities. Therefore, please contact your credit and securities institutions. The admissibility of the acquisition of a security may at various conditions, especially your nationality be bound. Please inform yourself before an investment. This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of Enterprise Holdings Limited ("issuer"). A decision on an investment in the securities of the issuer may only be made on the basis of the securities prospectus ("prospectus") which is approved by the Federal Financial Supervisory Authority (BaFin) and is published on the website www.enterprise-holdings.de. Only the information contained in the prospectus is binding in connection with the offer. This information may not be disseminated outside of Germany and Austria, in particular not in the United States, to US Persons according to regulation S of the US Securities Act of 1933 or to publications with a general circulation in the United States. Any person who fails to comply with these restrictions may violate the security laws of certain jurisdictions, in particular of the United States. Bonds in Enterprise Holdings Limited are not publicly offered outside of Germany and Austria. The Notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the Notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. The securities mentioned in this press release are not being and will not be offered for sale to the public in the United States, Australia, Canada and Japan. --------------------------------------------------------------------- 2015-08-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 390039 2015-08-27
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