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ADO PROPERTIES S.A. (FRA:LU125015) EQS-News: Adler Group S.A.: confirms today’s date as the Transaction Effective Date under its amended Notes

Transparency directive : regulatory news

17/04/2023 15:26

EQS-News: Adler Group S.A. / Key word(s): Capital Reorganisation
Adler Group S.A.: confirms today’s date as the Transaction Effective Date under its amended Notes

17.04.2023 / 15:26 CET/CEST
The issuer is solely responsible for the content of this announcement.


Luxembourg, 17 April 2023 – Adler Group S.A. (“Adler Group”) announces that certain amendments to each series of the Notes (as defined below) issued by Adler Group and substituted by its wholly-owned English subsidiary, AGPS BondCo PLC (“AGPS”), have become effective as of today’s date (the “Transaction Effective Date”).

On 26 January 2023, AGPS launched a restructuring plan under Part 26A of the English Companies Act to facilitate the amendment of the following series of notes:

  • €400,000,000 1.500 per cent. notes due 2024 (ISIN: XS1652965085);
  • €400,000,000 3.250 per cent. notes due 2025 (ISIN: XS2010029663);
  • €700,000,000 1.875 per cent. notes due 2026 (ISIN: XS2283224231);
  • €400,000,000 2.750 per cent. notes due 2026 (ISIN: XS2248826294);
  • €500,000,000 2.250 per cent. notes due 2027 (ISIN: XS2336188029); and
  • €800,000,000 2.250 per cent. notes due 2029 (ISIN: XS2283225477) (collectively, the “Notes”).

On 20 February 2023, AGPS filed an explanatory statement with the High Court of Justice of England and Wales (the “Court”) proposing certain amendments to each series of the Notes (the “Proposed Amendments”). On 12 April 2023, the Court issued a sanction order approving the Proposed Amendments (the “Sanction Order”).

Following the Sanction Order and pursuant to the terms and conditions of each series of the Notes, Adler Group hereby confirms today’s date as the Transaction Effective Date (as defined in each series of the Notes), on which the Proposed Amendments to each series of the Notes have been unconditionally implemented.

 

Contact

Investor Relations:
T +352 278 456 710
F +352 203 015 00
E investorrelations@adler-group.com

 



17.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Adler Group S.A.
55 Allée Scheffer
2520 Luxembourg
Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: investorrelations@adler-group.com
Internet: www.adler-group.com
ISIN: LU1250154413
WKN: A14U78
Indices: , FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID: 1609411

 
End of News EQS News Service

1609411  17.04.2023 CET/CEST

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