07.03.2017 3W Power S.A. / AEG Power Solutions  LU1072910919

DGAP-Adhoc: 3W Power S.A. / AEG Power Solutions: Next Restructuring Milestone Reached By Filing Plan For German Subsidiary


 
DGAP-Ad-hoc: 3W Power S.A. / AEG Power Solutions / Key word(s): Strategic Company Decision 3W Power S.A. / AEG Power Solutions: Next Restructuring Milestone Reached By Filing Plan For German Subsidiary 07-March-2017 / 16:32 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Inside information disclosure pursuant to Art. 17 of the Market Abuse Regulation 596/2014 March 7 2017, Luxembourg / Zwanenburg, The Netherlands. 3W Power S.A. (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, announced today that the restructuring plan for its German subsidiary AEG Power Solutions GmbH has been filed with the local court in Arnsberg, Germany. The plan is coordinated with the subsidiary's creditor committee. The process is thus proceeding on schedule. The creditors of the German subsidiary ‎will subsequently vote on the restructuring plan. This creditor voting is expected to take place in April 2017. After creditor and court approval, the proceeding for the German entity will be lifted by the court. With the implementation of the restructuring plan for the German subsidiary, AEG Power Solutions Group will be making a big step to achieve a competitive setup. In the context of the plan and as sanctioned in the resolution of the bondholders from their bondholder meeting in January 2017, the guarantee (contingent liabilities) issued by AEG Power Solutions GmbH for 3W Power's 2014/2019 bond (ISIN DE000A1ZJZB9) will be limited to a total liability amount of 6,553,251.72 Euro. -- End of Announcement -- About 3W Power: 3W Power S.A. (WKN A114Z9 / ISIN LU1072910919), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K). AEG Power Solutions is a leading provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets throughout the world with main sites in France, Spain, Germany, Singapore and China, with further direct 14 sales and service offices worldwide. For more information, visit www.aegps.com Press contact: Tobias Eberle / Thomas Katzensteiner Charles Barker Corporate Communications GmbH Phone: +49 69 79 40 90 24 / +49 69 79 40 90 25 Email: [email protected] / [email protected] Investor Relations contact: Christian Hillermann Hillermann Consulting Phone: +49 40 320 279 10 Email: [email protected] This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power. 3W Power undertakes no obligation to update or revise any forward-looking statement contained herein. --------------------------------------------------------------------------- 07-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: 3W Power S.A. / AEG Power Solutions 19, rue Eugène Ruppert L-2453 Luxemburg Grand Duchy of Luxembourg Phone: +31 20 4077 800 Fax: +31 20 4077 801 E-mail: [email protected] Internet: www.aegps.com ISIN: LU1072910919, DE000A1A29T7, WKN: A114Z9 , A1A29T, Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 551251 07-March-2017 CET/CEST