SINGULUS TECHNOLOGIES Wraps Up Second Bondholders' Meeting

SINGULUS TECHNOLOGIES AG has concluded its second bondholders' meeting today in Kahl am Main. The meeting, concerning the bond with ISIN DE000A2AA5H5 and WKN A2AA5H, achieved a quorum with 43.23% participation. However, the bondholders did not approve the proposed resolutions.

A 75% majority was necessary for adoption, but only about 69% of votes favored the company's proposals. SINGULUS TECHNOLOGIES expressed regret as the approval would have allowed more operational flexibility. The company emphasized that the proposals were precautionary and not addressing short-term needs.

SINGULUS TECHNOLOGIES had a promising start to the 2024 fiscal year and remains optimistic about maintaining this positive trend. The company specializes in innovative thin-film coating and surface treatment technologies, catering to various industries like Photovoltaics and Semiconductors.