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Singulus Technologies AG

Capital/Financing Update Feb 8, 2016

394_rns_2016-02-08_1e2a06ec-af26-47f5-90c1-fa79e790bc9f.html

Capital/Financing Update

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News Details

Corporate | 8 February 2016 15:45

SINGULUS TECHNOLOGIES Publishes Comprehensive Information About Restructuring Concept

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Bond

2016-02-08 / 15:45

The issuer is solely responsible for the content of this announcement.


Press Release

SINGULUS TECHNOLOGIES Publishes Comprehensive Information About Restructuring Concept

Information package available online

2 nd bondholder meeting at HILTON Hotel, Frankfurt am Main, on February 15, 2016 at 11 am – registration until February 12, 2016 at the latest

Extraordinary shareholders’ meeting at HILTON Hotel, Frankfurt am Main, On February 16, 2016 at 10:30 am – registration until February 09, 2016 at the latest

The Board asks shareholders and bondholders to participate

Kahl am Main, February XX, 2016 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) publishes comprehensive information about the balance sheet restructuring of the company including excerpts of the restructuring opinion.

The information was published on today’s February 08, 2016 on the home page of www.singulus.de under the category “Credit Relations” under the section “Second bondholder meeting on February 15, 2016”.

SINGULUS TECHNOLOGIES invited the bondholders of the

EUR 60,000,000.00 7.75% bearer notes 2012 / 2017 to a second bondholder meeting in Frankfurt am Main. The meeting will take place at the HILTON FRANKFURT am Main, Hochstrasse 4, 60313 Frankfurt am Main, on February 15, 2016 at 11:00 a.m. (CET).

The concept for the restructuring of the existing corporate bond is submitted for resolution. This restructuring concept, which has already been coordinated structurally with the joint representative of the bondholders in the previous year, fundamentally provides for the bondholders’ exchange of their respective bearer notes into acquisition rights. These rights entitle the bondholders to acquire a certain number of shares of the SINGULUS TECHNOLOGIES AG as well as a certain number of notes of a secured bond, which will be issued by the company. In the course of the then following second bondholder meeting the Executive Board of SINGULUS TECHNOLOGIES will report on the current course of business activities and will present the restructuring concept. The Board will also provide details about the preliminary financial key figures for the business year 2015.

Furthermore, the company has convened an Extraordinary General Meeting of the company at the HILTON Hotel Frankfurt, Hochstrasse, 4, 60313 Frankfurt am Main, for Tuesday, February 16, 2016 at 10:30 am. The agenda items of this Extraordinary General Meeting amongst others include the resolution with respect to the corporate actions required for the restructuring.

The Executive Board of SINGULUS TECHNOLOGIES kindly asks all shareholders and bondholders to take part in the Extraordinary General Meeting and the second bondholder meeting, respectively, and to make use of their voting rights in any case. It is also possible to be represented by a representative or alternatively to authorize a proxy representative of the SINGULUS TECHNOLOGIES. Prototype forms can be found on the home page under www.singulus.de. For the participation in the Extraordinary General Meeting a registration by February 9, 2016 at the latest is required. For the second bondholder meeting a registration by February 12, 2016 at the latest is required.

The restructuring of the corporate bond is an essential prerequisite for the balance sheet restructuring of the company. Without this restructuring SINGULUS TECHNOLOGIES will from today’s point of view neither be able to achieve a balance sheet restructuring nor to safeguard sufficient liquidity in the future. Therefore, according to the current assessment of the Executive Board, the implementation of these measures and the concurrent approval of the bondholders and shareholders is the only feasible way to prevent an otherwise imminent insolvency of the company.

Profile SINGULUS TECHNOLOGIES:

SINGULUS TECHNOLOGIES develops technologies and machines for economical and resource-efficient production processes. The application areas include vacuum thin-film and plasma coating for wet-chemical processes as well as thermal process technologies.

For all processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to develop additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors and Optical Disc.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

Contact:

Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279

Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924


2016-02-08 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: [email protected]
Internet: www.singulus.de
ISIN: DE0007238909, DE000A1MASJ4
WKN: 723890, A1MASJ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart
End of News DGAP News Service

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