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Verianos SE
Legal Proceedings Report • Sep 18, 2024
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Legal Proceedings Report
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Ad-hoc | 18 September 2024 15:00
VERIANOS SE: Application for the opening of insolvency proceedings over the assets of SMC 2 GmbH & Co. KG
VERIANOS SE / Key word(s): Insolvency
VERIANOS SE: Application for the opening of insolvency proceedings over the assets of SMC 2 GmbH & Co. KG
18-Sep-2024 / 15:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Cologne, September 18, 2024 – The general partner of SMC 2 GmbH & Co. KG has decided to file an application for the opening of insolvency proceedings over the assets of SMC 2 GmbH & Co. KG at the competent local court in Cologne.
The limited partner’s shares in SMC 2 GmbH & Co. KG are pledged as collateral in favor of the security trustee of the 8% bond of VERIANOS SE (ISIN: DE000A30VG50).
SMC 2 GmbH & Co. KG in turn holds a stake in a project development company with the purpose of developing a project in the Rhineland. It can be assumed that, as a result of the insolvency proceedings, the proceeds from this project, particularly in the event of an early sale of the investment, will lead to the pledged limited partner’s shares in SMC 2 GmbH & Co. KG as collateral in favor of the 8% bond of VERIANOS SE (ISIN: DE000A30VG50) suffer a considerable discount or are even worthless. This effect will not be compensated for by the other collateral provided.
As far as VERIANOS SE is aware, there are currently no grounds for insolvency for the other companies whose limited partnership interests are pledged as collateral for the 8% bond in favor of the security trustee. However, discussions are currently taking place within the circle of shareholders of the respective companies, to replace the respective management company VERIANOS Capital Partners GmbH, for whose assets an application for the opening of insolvency proceedings has also been filed. The outcome of the talks is open and it cannot be ruled out that, depending on the shareholder resolutions adopted, there may also be a negative effect on the value of the collateral in question.
Contact:
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Further information on VERIANOS SE is available on www.verianos.com. This publication constitutes neither an offer to sell nor an invitation to make an offer to buy securities.
IR contact:
VERIANOS SE
Tobias Bodamer
Gürzenichstraße 21
50667 Cologne
Germany
T +49 221 20046 105
Mail: [email protected]
End of Inside Information
18-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | VERIANOS SE |
| Gürzenichstraße 21 | |
| 50667 Cologne | |
| Germany | |
| Phone: | +49 221 20046100 |
| Fax: | +49 221 20046140 |
| E-mail: | [email protected] |
| Internet: | www.verianos.com |
| ISIN: | DE000A0Z2Y48, DE000A254Y19, DE000A30VG50 |
| WKN: | A0Z2Y4, A254Y1, A30VG5 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1990801 |
| End of Announcement | EQS News Service |