Ekosem-Agrar GmbH: Bondholders vote in favour of the extension of the Ekosem-Agrar Bond 2012/17
16 March 2016 Corporate News
- All agenda items approved by a great majority
- Important first step to implement the current investment programme
- Second bondholders’ vote on Ekosem-Agrar Bond 2012/18 on 17 March
Walldorf, 16 March 2016 – The meeting of the bondholders of Ekosem-Agrar Bond (ESA Bond) 2012/17 (ISIN: DE000A1MLSJ1) approved the management’s proposal to extend the bond by four years until 23 March 2021 with a large majority. The other agenda items, which essentially provide for the simplification of the voting procedure, were also approved by a large majority.
Bondholders representing bonds in the amount of EUR 14,233,000 participated in the vote on the ESA Bond 2012/2017. This is equivalent to 28.47 percent of the bonds outstanding in the total nominal amount of EUR 50,000,000.00. The most important agenda item 1 (extension of the Bond) was approved by more than 92 percent.
Stefan Dürr, main shareholder and Managing Director of Ekosem-Agrar GmbH: “We are pleased that the majority of the holders of the ESA Bond 2012/17 approved our proposals, which is an expression of the confidence they place in us to continue the successful strategy to expand our leading position in the Russian milk market. We hope that the high level of approval will send a positive signal to the holders of the second ESA Bond.”
The second bondholders’ vote on the Ekosem Agrar Bond 2012/18 (ISIN: DE000A1R0RZ5) will be held tomorrow, Thursday, 17 March 2016. Bondholders unwilling or unable to attend the meeting in Wiesloch in person may grant power of attorney and issue instructions to the company’s designated proxies. This is possible until approx. 12.00 noon tomorrow.
The company is asking all bondholders to exercise their voting right in order to reach a quorum for the meeting to vote on the extension of the ESA Bond 2012/18. For more information and for the necessary voting documents, please visit https://www.ekosem-agrar.de/en/investor-relations/