MARNA Beteiligungen AG

Legal Proceedings Report • Jan 26, 2017

News Details

Ad-hoc | 26 January 2017 21:57

Marenave Schiffahrts AG: Renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations

Marenave Schiffahrts AG / Key word(s): Agreement/Banking Syndicate

26-Jan-2017 / 21:57 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.

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Marenave Schiffahrts AG (Marenave or Company) today has received written
declarations of the relevant financing banks, according to which they will
extend their statements (partially) not to seriously demand payment of the
amounts due under the respective ship financing loans and under the
corresponding guarantees given by Marenave (see ad-hoc announcement on 16
December 2016) until 28 February 2017. These statements are subject to
immediate revocation notably in case that certain milestones are not
reached in due time or to the banks' satisfaction.

The negotiations on agreements on the restructuring and release of
liability between the Company and the financing banks are being continued.

The Management Board

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26-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory
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Language: English
Company: Marenave Schiffahrts AG
Caffamacherreihe 7
20355 Hamburg
Germany
Phone: 040 / 28 41 93 0
Fax: 040 / 28 41 93 297
E-mail: info@marenave.com
Internet: www.marenave.com
ISIN: DE000A0H1GY2
WKN: A0H1GY
Listed: Regulated Market in Hamburg; Regulated Unofficial Market
in Berlin, Munich; Open Market in Frankfurt

 End of Announcement    DGAP News Service