06.04.2017 3W Power S.A. / AEG Power Solutions  LU1072910919

DGAP-Adhoc: 3W Power S.A. / AEG Power Solutions: Creditor Meeting And Local Court Approve Restructuring 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: Creditor Meeting And Local Court Approve Restructuring Plan For German Subsidiary 06-Apr-2017 / 17:35 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 April 6, 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 unanimously approved by the subsidiary's creditor meeting held today in Arnsberg, Germany. Subsequently, the local court of Arnsberg, Germany, has also confirmed the plan today. Once the confirmation of the court takes legal effect, the debtor-in-possession proceeding over AEG Power Solutions GmbH will be repealed. This repeal is expected in the course of April 2017. 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. Through this proportional reduction, the guarantee for each note with a nominal value of EUR 500 will be limited to a maximum of EUR 72.36. Subsequent to the agreement to the restructuring plan for its German subsidiary, 3W Power S.A. plans to publish its annual results for fiscal year 2016 by the end of April 2017. The Annual General Meeting of 3WPower S.A. is scheduled for June 28, 2017, in Luxemburg. -- 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. --------------------------------------------------------------------------- 06-Apr-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 --------------------------------------------------------------------------- 562987 06-Apr-2017 CET/CEST