Corporate | 2 April 2015 17:17


Ekotechnika GmbH invites bondholders to second vote


Ekotechnika GmbH / Key word(s): Bond

2015-04-02 / 17:17

Ekotechnika GmbH invites bondholders to second vote

  • Vote without meeting had no quorum
  • Second bondholders’ meeting to be held as a physical meeting in Walldorf
    on 6 May 2015

Walldorf, 2 April 2015 – The management of Ekotechnika GmbH announces that less than 50 percent of the outstanding bond capital participated in the vote without meeting as defined in section 18 SchVG of the holders of the Ekotechnika bond 2013/18 (ISIN: DE000A1R1A18). This means that this vote had no quorum.

Bondholders representing bonds worth EUR 3.513 million participated in the vote held between 30 March 2015 (0:00 h) and 2 April 2015 (8:00 h). This is equivalent to 5.855 % of the outstanding bonds in the total nominal amount of EUR 60,000,000.

For this reason, a second bondholders’ meeting will be held in the form of a physical meeting in Walldorf on 6 May 2015. The invitation to this meeting will be published in the Federal Gazette on 8 April 2015.

The “Sanierungsgutachten” restructuring report according to IDW S6 will probably be completed by mid-April 2015, i.e. in time for the second bondholders’ meeting. During the same period, the company will announce information about its financial performance.

For further information, on the restructuring of the company, www.ekotechnika.de/de/anleihe.html (only available in German).

2013/14 consolidated financial statements are subject to change and unaudited

The company today published the unaudited consolidated financial statements for 2013/14, which are subject to change, on its website at http://www.ekotechnika.de/en/investor-relations/documents.html . The final consolidated financial statements will be published as soon as the audit has been completed.

About Ekotechnika

Walldorf-based Ekotechnika GmbH is the German holding company of the Ekoniva-Technika Group, the largest distributor of agriculture equipment in Russia. The company’s single most important supplier is John Deere & Co., the world’s leading manufacturer in this field. In addition, Ekotechnika sells equipment from another 11 market-leading manufacturers. Its main business is in selling new equipment such as tractors but also milking equipment and precision farming technology. In addition, the company sells spare parts and provides service and maintenance. Ekotechnika’s founder and main shareholder is Stefan Dürr, who has been active in the Russian farming sector since the late eighties and has been instrumental in its modernisation over the past two decades. In 2011 the equipment business was separated from the farming business, which now operates independently under the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming regions, Ekotechnika today employs around 545 people and generates sales of EUR 173 million in 2013/2014.

Contact

Ekotechnika GmbH // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf //
T: +49 (0) 6227 3 58 59 60 // E: info@ekotechnika.de // www.ekotechnika.de

Media / Investor Relations

Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E: presse@ekotechnika.de




2015-04-02 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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Language: English
Company: Ekotechnika GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: info@ekotechnika.de
Internet: www.ekotechnika.de
ISIN: DE000A1R1A18
WKN: A1R1A1
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart (bondm); Open Market in Frankfurt
End of News DGAP News-Service
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