Enterprise Holdings Limited
Enterprise Holdings Limited: Rating audit scheduled for mid of August
DGAP-News: Enterprise Holdings Limited / Key word(s): Rating/Bond 2016-08-08 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Enterprise Holdings: Rating audit scheduled for mid of August Enterprise Holdings is currently preparing the draft year end numbers for the fiscal year as of 31 March 2016 and the revised budget for the current fiscal year 2016/17 and the upcoming years taking into account the new structure. Together with the updated business plan it will be presented to the rating agency. To do the bond rating audit, the face to face management meeting with the audit team of Creditreform Rating AG is scheduled for 15 August. The rating report is scheduled to be published by end of August. The Enterprise Holdings' management is evaluating a number of possibilities to bring its insurance business back on track via the Managing General Agent (MGA) route. Service: Upcoming Events 15 August: Management meeting with Creditreform 25 August: Expected rating update 26 September 2016: Fourth interest payment of bond 2012/17; the amount is already deposited in the special account 30 September: Scheduled disclosure of Group annual report as of 31 March 2016 22 November: Investor presentation at Deutsche Eigenkapitalforum Conference in Frankfurt 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). Bond issue 2012/17 Enterprise Holdings' corporate bond 2012/17 is listed in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4) since 26 September 2012. The originally issued volume of the bond was 35m euro. During the exchange offer that ended 26 March 2015, holders of the bond exchanged 6.3m euro into the new bond 2015/20. Additionally in October 2015 the company redeemed Euro 9.2m bonds from an investment fund. Therefore the total volume of the bond 2012/17 currently is 19.5m 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 --------------------------------------------------------------------------- 2016-08-08 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Enterprise Holdings Limited 47 Esplanade JE1 0BD St. Helier Jersey Phone: +49 89 -1392889-0 E-mail: ir@enterprise-holdings.de Internet: www.enterprise-holdings.de ISIN: DE000A1G9AQ4, DE000A1ZWPT5 WKN: A1G9AQ, A1ZWPT Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt (Entry Standard) End of News DGAP News Service
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