Enterprise Holdings Limited
Enterprise Holdings plans restructuring of the Group – Adding insurance related businesses will boost profitability and increase equity (news with additional features)
DGAP-News: Enterprise Holdings Limited / Key word(s): Mergers & Acquisitions/Letter of Intent 2015-06-29 / 08:25 --------------------------------------------------------------------- Enterprise Holdings plans restructuring of the Group Adding insurance related businesses will boost profitability and increase equity The Executive Board of the Enterprise Holdings Limited (Enterprise) entered into an agreement with the existing 50% shareholder to restructure the Group. It is scheduled to bring related parties and insurance related businesses under the roof of the Holding. This will enable Enterprise Holdings to offer additional services along the value chain by creating synergies and new profit streams. The companies that are identified to join the Group offer services like underwriting, underwriting advisory, claims handling management and maintenance and repair of motor vehicles. All companies are operating profitable. The consolidation of the new businesses will significantly increase the consolidated equity and also will boost the Group's profitability. Closing of the transaction is expected within the next weeks. Andrew Flowers, Chief Executive Officer of the Enterprise Holdings Limited, comments: "The restructuring of the Group will bring Enterprise Holdings to a higher level and offers a wide range of creating new profitable business opportunities." Update on Special Accounts Bond 2012/17: According to the terms and conditions of the bond 2012/17, the issuer shall regularly deposit an amount in a specially designated bank account to secure the bond holders' position. Therefore the company credited 13,670,000 euro to this separate bank account and also transferred the first two interest payments of 2,450,000 euro each to the bond holders on 26 September 2013 and 2014 respectively. Therefore the current credit balance in the special account is 8,800,000 euro which includes the interest payment received from the bank. The special account's monthly development is published regularly on the company's website www.enterprise-holdings.de -> Bond 2012/17 -> Factsheet. Bond 2015/20: According to the terms and conditions of the bond, every month the issuer credits 10 percent of the yearly interest payment to this separate bank account. These monies are for the payment of the yearly interests to investors. The current credit balance is 390,000 euro. The special account's monthly development is published regularly on the company's website www.enterprise-holdings.de -> Bond 2015/20 -> Factsheet. Fiscal year 2014/15 report The consolidated annual report for the fiscal year from 1 April 2014 to 31 March 2015, audited by the international audit company Ernst & Young, is scheduled to be disclosed by end of July/beginning of August 2015. Upcoming Event Andrew John Flowers, CEO and Founder of Enterprise Holdings Ltd., will hold a presentation at the Deutsche Eigenkapitalforum Conference in Frankfurt in 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 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 bond 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. +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=MUBMHFBCLK Document title: Restructuring Group 06_2015 --------------------------------------------------------------------- 2015-06-29 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 --------------------------------------------------------------------- 372821 2015-06-29
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