28.08.2018
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DGAP-Adhoc: 3W Power S.A. / AEG Power Solutions: 3W Power / AEG Power Solutions announces Results of the Option Right Exercise and the Early Termination of its Bonds
DGAP-Ad-hoc: 3W Power S.A. / AEG Power Solutions / Key word(s): Bond
3W Power S.A. / AEG Power Solutions: 3W Power / AEG Power Solutions
announces Results of the Option Right Exercise and the Early Termination of
its Bonds
28-Aug-2018 / 16:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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August 28, 2018
Inside information disclosure pursuant to Art. 17 art. 1 of the Market Abuse
Regulation 596/2014
Ad-hoc 3W Power / AEG Power Solutions: 3W Power / AEG Power Solutions
announces Results of the Option Right Exercise and the Early Termination of
its Bonds
Luxembourg / Zwanenburg, The Netherlands - 28 August 2018. 3W Power S.A.,
the holding company of AEG Power Solutions Group, announces the results of
the subscription offer and the exercise of acquisition rights by the
bondholders of its two corporate bonds (ISIN: DE000A1ZJZB9 and DE000A1Z9U50)
as well as the early termination of such two bonds.
During the exercise period from 1 August to 22 August 2018, bondholders
representing approximately 93.5% (ISIN: DE000A1Z9U50) and 55.5% (ISIN:
DE000A1ZJZB9) of the company's two corporate bonds have exercised their
acquisition rights (unconditional option rights and oversubscription rights)
and have, in course of the exercise, also delivered their notes to the
settlement agent and waived their repayment; the delivered notes will be
cancelled promptly. In total, the authorized capital in the amount of EUR
7,570,787 available for servicing the acquisition rights of the bondholders
was oversubscribed by approximately EUR 4 million. The capital increase from
EUR 400,000 by EUR 7,570,787 to EUR 7,970,787 can therefore be implemented
this week as planned; the same applies to the final settlement of the option
rights' exercise.
As the last step necessary for the successful completion of the
restructuring, the Company resolved today to terminate all of the
outstanding notes 2015/2020 (ISIN: DE000A1Z9U50) pursuant to § 6 para 2 of
the applicable terms and conditions as well as all of the outstanding notes
2014/2019 (ISIN: DE000A1ZJZB9) pursuant to § 4(c) of the applicable terms
and conditions, each in whole and early with effect as of 31 August 2018.
The respective termination notices will be published today inter alia on the
company's website ( www.aegps.com).
The terminated and outstanding notes will be redeemed each on Friday, 31
August 2018 and at their nominal amount, i.e. the notes 2015/2020 (ISIN:
DE000A1Z9U50) at the nominal amount of EUR 100.- per note and the notes
2014/2019 (ISIN: DE000A1ZJZB9) at the nominal amount of EUR 5.- per note.
-- End of Announcement --
About 3W Power:
3W Power S.A., based in Luxembourg, is the holding company of AEG Power
Solutions Group. The Group is headquartered in Zwanenburg in the
Netherlands. 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
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.
Investor Relations contact:
Christian Hillermann
Hillermann Consulting
Phone: +49 40 320 279 10
Email: [email protected]
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28-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: 3W Power S.A. / AEG Power Solutions
19, rue Eugène Ruppert
L-2453 Luxemburg
Luxemburg
Phone: +31 20 4077 800
Fax: +31 20 4077 801
Internet: www.aegps.com
ISIN: LU1072910919
WKN: A114Z9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt, Munich
End of Announcement DGAP News Service
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