EQS-Adhoc: ESPG AG: Bondholders resolve on restructuring of the bond 2018/2023 and the appointment, empowerment and authorisation of a joint representative

ESPG AG: Bondholders resolve on restructuring of the bond 2018/2023 and the appointment, empowerment and authorisation of a joint representative

Cologne, 4 August 2023 - The holders of the bond 2018/2023 (ISIN: DE000A2NBY22 / WKN: A2NBY2) (the “Bond”) of ESPG AG (the "Issuer") have resolved on the restructuring of the Bond at today’s bondholders' meeting. In particular, the term of the Bond was extended by three years, the interest rate was increased from 6.0 % p.a. to 9.5 % p.a. and the covenants were adjusted.

Specifically, the following resolutions were passed at the bondholders' meeting:

With regard to agenda items II.3. (Resolution on the increase the interest on the outstanding capital), II.4. (Resolution on term extension and adjustment of chosen repayment periods), II.5. (Resolution on the amendment of the definition of "Change of Control" and legal consequences), II.7. (Resolution on the amendment of the regulations on announcements and notifications), II.8. (Resolution on other technical amendments to the terms and conditions of the bonds) and II.9. (Resolution on the precautionary suspension of the repayment of capital and waiver of a right of termination), the resolutions were adopted in accordance with the Issuer's proposed resolutions contained in the invitation to the bondholders' meeting published in the Federal Gazette (Bundesanzeiger) on 17 July 2023. In addition, a joint representative was appointed, empowered and authorised.

With regard to agenda item II.6. (Resolution on the adjustment of declarations of commitment (covenants)), the countermotion of a bondholder (which was supported by the Issuer), as published on 1 August 2023 on the Issuer's website (https://www.espg.space.de) in the section "Investor Relations" in the section "Corporate Bond", was approved.

It was further resolved to include an additional covenant containing a limitation of new indebtedness of the Issuer in the Bond’s terms and conditions in accordance with the relevant request for an additional resolution item by a bondholder which had been published in the Federal Gazette (Bundesanzeiger) on 1 August 2023.

The Issuer has consented to the resolved amendments of the Bond’s terms and conditions.

Furthermore, the lawyer Mr. Klaus Nieding was appointed as joint representative for all bondholders in accordance with the relevant request for an additional resolution item by several bondholders, and empowered and authorised in accordance with such proposed resolution. The relevant request for an additional resolution item had been published in the Federal Gazette (Bundesanzeiger) on 1 August 2023.

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1696559  04-Aug-2023 CET/CEST